The holding company Porsche SE, the main shareholder of the Volkswagen group, reported a net loss of €2.22 billion for the first half of the year, i.e. nearly 54 billion crowns. In the same period a year earlier, the company had posted a profit of €338 million. The decline is related to high write-downs on the value of its stake in Volkswagen. ihned.cz ↗
Because of developments in its key investment, Porsche SE's management is pushing for faster changes at Volkswagen. According to available information, it is calling for the acceleration of the savings program in Wolfsburg and for decisions on contentious issues concerning the future shape of the group. The head of Porsche SE's management, Pötsch, stated that Volkswagen is at a historic turning point, and warned that postponing decisions could further magnify the problems. ihned.cz - byznys ↗
The situation is also significant for the Czech Republic, since Škoda Auto is part of the Volkswagen group. According to German media, the group is preparing further personnel changes in top management, which are expected to affect not only the main Volkswagen brand but also its subsidiary companies. According to this information, the changes in the USA could also affect Škoda Auto. ekonomickydenik.cz ↗
Further developments will depend on how quickly Volkswagen manages to push through savings measures and improve its competitiveness. Porsche SE is signaling that, given the scale of the loss, it expects accountability across the entire group. novinky.cz ↗
Porsche SE fell into a billion-euro loss because of Volkswagen
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Sources (7)
Krize Volkswagenu se prohlubuje. Co to znamená pro škodovku a Česko?
ekonomickydenik.cz
| 10:49 07.08.
Großaktionär Porsche SE will Umbau von Volkswagen beschleunigen
Spiegel.de
| 09:56 07.08.
Beteiligungsgesellschaft: Milliardenverlust bei Porsche SE wegen VW-Abschreibung
Tagesspiegel
| 08:43 07.08.
Porsche se propadlo do miliardové ztráty
novinky.cz
| 10:40 07.08.
Další manažerské veletoče ve VW? Změny v USA se mají dotknout i Škody Auto, ve které už koncern letos jednou „loupil“
ihned.cz - byznys
| 10:35 07.08.
Hlavní akcionář Volkswagenu se propadl do ztráty. Všichni musí převzít zodpovědnost, zlepšete konkurenceschopnost, vyzývá vedení
ihned.cz
| 10:18 07.08.
„Konzern steht am historischen Wendepunkt“: Porsche SE macht wegen VW Milliardenverlust – und fordert schärferes Sparprogramm
Tagesspiegel
| 09:22 07.08.
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