Volkswagen to Book Write-Down on ID.4 U.S. Production Stop, Hitting Earnings -- Market Talk

Dow Jones04-15

0744 GMT - Volkswagen first-quarter earnings could take a hit from the automaker's decision to cease production of the ID.4 EV at its Chattanooga plant in Tennessee, Bernstein analysts write. Bernstein says the company could incur a first-quarter write-down equivalent to 60%-75% of the original $800 million investment that was made for production tooling of the ID.4 in Chattanooga. The decision to end production of the model has been triggered by the vehicle's disappointing U.S. sales performance, and the removal of the $7,500 U.S. EV tax credit last year that "subsequently cratered BEV sales" was the final nail in the coffin, the analysts say. However, moving forward, Volkswagen will benefit from an operational perspective from no longer selling this unprofitable vehicle, Bernstein adds. Shares rise 1.3%. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

April 15, 2026 03:44 ET (07:44 GMT)

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The decision to end production of the model has been triggered by the vehicle's disappointing U.S. sales performance, and the removal of the $7,500 U.S. EV tax credit last year that \"subsequently cratered BEV sales\" was the final nail in the coffin, the analysts say. However, moving forward, Volkswagen will benefit from an operational perspective from no longer selling this unprofitable vehicle, Bernstein adds. Shares rise 1.3%. 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