VW Falls After Cutting Forecast on €2.5 Billion Hedging Loss, Costs
- Mass-market brands costs increase despite efficiency work
- Carmaker late Friday outlines third-quarter falling short
New VW automobiles at the Volkswagen Autoeuropa manufacturing plant south of Lisbon, Portugal.
Photographer: Zed Jameson/BloombergThis article is for subscribers only.
Volkswagen AG shares declined after outlining weaker-than-expected third-quarter earnings and hedging losses.
Europe’s biggest carmaker now sees operating return on sales for the year as low as 7%, from at least 7.5%, it said late Friday in a preliminary quarterly release. VW is due on Thursday to report full results for the three months through September.