EconomyVolkswagen crisis worsens with profit warning over Porsche-led $11.5 billion hit
Volkswagen cut its outlook on Friday after flagging €10 billion ($11.5 billion) in one-off costs linked to its stake in luxury sports-car maker Porsche, provisions for job cuts and a weak Chinese market.
Volkswagen crisis worsens with profit warning over Porsche-led $11.5 billion hit