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Volkswagen forecasts €5.1B loss in 2025 as Porsche slows EV rollout due to weak luxury EV demand.
Volkswagen warns of a €5.1 billion ($6 billion) loss in 2025 due to Porsche's strategic shift away from aggressive electric vehicle rollout, citing weaker-than-expected demand for luxury EVs.
Porsche, majority-owned by Volkswagen, is delaying some fully electric models and extending the lifespan of combustion and hybrid vehicles.
As a result, both companies have lowered their profit forecasts, with Porsche’s automotive EBITDA margin now expected between 10.5% and 12.5%, down from earlier projections of 14.5% to 16.5%.
The move reflects broader challenges in the EV market and adds pressure on Volkswagen amid global competition and trade headwinds.
Volkswagen pronostica una pérdida de € 5.1B en 2025 a medida que Porsche ralentiza el lanzamiento de EV debido a la débil demanda de EV de lujo.