Volkswagen lowered its annual operating return on sales forecast to 1% from 4-5.5%, citing a tough market environment, especially in China, and an impairment on its Porsche holding. The company also faces restructuring costs and a shift in demand toward electric vehicles, impacting Audi and Volkswagen brands. Shares dropped further and Volkswagen was removed from the Euro Stoxx 50 index, replaced by Nokia, reflecting struggles in Europe's auto sector. Despite the warning, Deutsche Bank notes cash flow remains stable and underlying margins hold around 4%.
Volkswagen's recent challenges provide context for the consumer cyclical sector's performance on Pluang. For readers following this sector, here is Pluang's market snapshot as of Sep 21, 2026 16:11 WIB: of 107 priced US stocks, 72 rose and 11 fell. Notable movers include ULTA at USD 549.49 (+1.57%), BC at USD 68.51 (+1.42%), and BABA at USD 114.86 (+1.41%).
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Lucid's stock has dropped over 80% in the past year, but new leadership, a Saudi Arabian factory, and partnerships for robotaxi services with Bolt and Uber are driving optimism. The company aims to improve cash flow by $1.4 billion in 2026 and expand...
Blue Star Gold Corp. completed its 2026 Phase 2 drilling program in Nunavut, Canada, revealing significant high-grade gold mineralization at the Auma Bamako and Penny Lane targets. Key drill holes returned gold grades up to 35.40 g/t over meaningful ...
Sherwin-Williams will host its Financial Community Presentation on September 24 in Cleveland, featuring CEO Heidi G. Petz and CFO Benjamin E. Meisenzahl. The event starts at 1:00 p.m. ET and includes a Q&A session and reception. The presentation will...
