Automotive holding company signals significant financial challenges amid industry-wide pressures

 



Porsche SE warns of massive €20 billion impairment on Volkswagen stake

Porsche SE has issued a stark warning about potential substantial financial impairments, revealing it may write down the value of its Volkswagen stake by up to €20 billion, highlighting the profound challenges facing the automotive industry.

The German fine follows a US plea agreement from January 2017 when Volkswagen agreed to pay $4.3 billion to resolve criminal and civil penalties for installing illegal software in diesel engines to cheat strict US anti-pollution tests

Volkswagen fined 1 billion euros by German prosecutors over emissions cheating

porsche-se

Porsche Se, News on Porsche Se, stories on Porsche Se, articles on Porsche Se, Porsche Se stories at Wion, Porsche Se news, Porsche Se latest news

porsche se

Porsche SE warns of massive €20 billion impairment on Volkswagen stake

Porsche SE warns of massive €20 billion impairment on Volkswagen stake

Volkswagen fined 1 billion euros by German prosecutors over emissions cheating