Porsche SE prepares to write down up to US$21bn of VW stake

Volkswagen’s finances are worsening as negotiations with labour unions and its Works Council continue. The automaker’s largest shareholder, Porsche SE, a Volkswagen Group holding company and financial services provider, warned on 13 December 2024 that it expects significant impairment losses. Porsche SE holds around 32% of VW’s equity and 53% of its voting rights.