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The Local Germany
19. September 20261 Min.Crisis-wracked Volkswagen warns of €10 billion hit to profits
German auto giant Volkswagen warned Friday of a €10 billion ($11.4 billion) hit to its annual earnings, citing tough conditions in China, problems at subsidiary Porsche and restructuring costs.
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news.readOriginalGerman auto giant Volkswagen warned Friday of a €10 billion ($11.4 billion) hit to its annual earnings, citing tough conditions in China, problems at subsidiary Porsche and restructuring costs.