Volkswagen warns of up to €10 billion hit from Porsche writedown and restructuring costs

The Financial Times report shared by a user says Volkswagen warned of a potential hit of up to €10 billion from a Porsche writedown and restructuring costs. The user also quotes CFO Arno Antlitz: “The world’s largest single market has slumped by 20 per cent, with no consolidation in sight. We cannot escape this trend.”