Volkswagen Q2 Profit Slump, 2026 Revenue Outlook Cut

Volkswagen reported a 9.5% fall in Q2 operating profit to €3.5 billion amid weak production and sales, and trimmed its 2026 revenue outlook to a decline of up to 3% while maintaining a 4.0%–5.5% operating margin target. The company signaled a radical restructuring, including potential 100,000 job cuts, to counter headwinds from geopolitics, tariffs, and intensified competition, as it lowers revenue growth expectations for 2026 across its brands.