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VW slashes profit forecast to 1% on China sales slump, cost pressures
La RepúblicaLO·DE · CN·about 4 hours ago
Volkswagen lowered its full-year operating margin guidance in a press release issued just before Friday's market close, signaling weaker-than-expected profitability. The timing suggests management sought to limit immediate market reaction, but the revision points to ongoing cost pressures and demand softness in key markets. This is a negative signal for European auto sector sentiment and could weigh on related equities and supply-chain names.
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