1727 GMT - Porsche AG shares tumble on concerns that market expectations for the luxury automaker's results may be too high. Traders cited by Reuters say Oddo, a broker, sees consensus forecasts as too high after a meeting with the company's finance chief. Earlier in the day Volkswagen--Porsche AG's majority owner--announced that it delivered fewer cars last year as it suffered under competition from China and U.S. tariff pressure. Those results weigh more broadly on investors' outlook for German automakers. Porsche AG shares are down 6% to trade at 44.35 euros. Elsewhere, BMW is down 1.7%, while Volkswagen and Mercedes-Benz slip 1.3% and 1%, respectively. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
January 12, 2026 12:27 ET (17:27 GMT)
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