๐ฉ๐ช Reuters: Porsche, once Volkswagen's most reliable profit driver, has become a major financial burden as demand falls in China, tariffs in the US, and costly decisions on electric vehicles weigh on its performance.
Volkswagen announced a โฌ6 billion (US$6.9 billion) reduction in its stake in Porsche and cut its 2026 profit margin forecast to only 1% at best, down from 4โ5.5%.
Porsche's profit margins have now fallen below those of Volkswagen's budget brand Skoda, adding pressure for structural change and the group's cost cuts.