Volkswagen has lowered its full-year sales outlook for 2026, now projecting a decline of up to 3% in vehicle deliveries.
The adjustment comes as the automaker grapples with weakening demand across key European markets and intensifying competition from Chinese electric vehicle manufacturers.
54 billion, underscoring the margin pressure facing the group.
The forecast cut follows a sharp deterioration in the company's second-quarter financial results.
Net profit for the April-to-June period fell 32.9% year-on-year to €1.54 billion, underscoring the margin pressure facing the group.
The decline in earnings highlights the challenges Volkswagen faces in maintaining profitability amid a structural shift in consumer preferences toward lower-cost alternatives.
Investors are likely to view the revised guidance as a confirmation of the difficult operating environment for legacy automakers.