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VW Cuts Sales Forecast Amid Profit Slump
24 Jul
Summary
- Volkswagen revised its 2026 sales forecast downwards.
- Operating profit for the second quarter fell 9.5%.
- The German auto group now expects up to a 3% sales decline.
Volkswagen has lowered its sales forecast for 2026, projecting a potential decline of up to 3%. This revision comes in the wake of a notable decrease in the company's operating profit during the second quarter of the year.
The German automotive group, which oversees prominent brands such as Porsche and Audi, announced its second-quarter operating profit stood at €3.5 billion. This figure represents a 9.5% year-on-year decrease and fell short of analysts' expectations.
These financial results indicate a challenging period for Volkswagen, prompting a more cautious outlook for its future sales performance. The company will be closely monitoring market conditions and its own production strategies moving forward.
