Volkswagen’s Crisis Just Cost Porsche SE $1.1 Billion USD

Volkswagen’s Crisis Just Cost Porsche SE $1.1 Billion USD

Volkswagen’s ongoing financial struggles and weak demand in key markets have now hit Porsche SE hard, with the holding company reportedly losing around $1.1 billion USD tied to its massive Volkswagen stake. The situation highlights how slowing EV demand in Europe, rising competition from China, and falling profits are putting pressure on Germany’s entire auto industry.

Credit to : The Electric Viking