Global Markets

Volkswagen's (VOW3 GY) Audi H1 update (EUR): Revenue 29.2bln (prev. 32.6bln). Downgrades the FY26 revenue guide to 58-63bln (prev. 63-68bln)

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Audi's H1 revenue fell to 29.2bn EUR, leading to a lowered FY26 revenue guidance of 58-63bn EUR amid broader Volkswagen Group struggles with Chinese demand and intensifying global competition.

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