From Renault's Profit Warning to Volkswagen's Brake on Tariffs: the European Engine Turns on the Alarm

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If a week ago it was Renault that issued a 'profit warning' to the market to review its annual forecasts, this Friday it is the Volkswagen Group, the parent of the Spanish Seat, which cuts its profit forecasts. The truth is that on the factories of both stamps they are prowling black swans in the form of strong regulatory pressure, greater Chinese competition, weak demand and a market convulsed by the economic and technological uncertainty that …

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The car company Seat SA, owned by the Volkswagen group, faced during the first six months of the year very adverse market conditions, online...

epochtimes.de

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VW’s profits also collapsed in the second quarter.