EconomyVolkswagen Cuts Profit Outlook After China Sales Slump and $6.9 Billion Writedown
Volkswagen lowered its profit forecast after a sharp contraction in China and a €6 billion ($6.9 billion) writedown linked to sports-car maker Porsche, adding to concerns about mounting pressure on the global auto industry.
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Volkswagen Cuts Profit Outlook After China Sales Slump and $6.9 Billion Writedown
Economy