1.2 million euro fine to the automotive giant, which is going through difficult times

Listed companies in Germany are obliged to immediately disclose non-public insider information that could significantly affect their share prices. This notification system, called "ad hoc", aims to provide investors with timely access to information that may affect the market.

BaFin emphasized that this obligation also applies if financial results deviate significantly from market expectations.

In case of violation of the obligation imposed under the Market Abuse Actions Regulation, companies can be fined up to 2.5 million euros or 2 percent of their turnover.

BaFin announced that the fine imposed on Volkswagen was imposed on October 1. The company has the right to appeal the decision. It was reported that Volkswagen had not made a statement regarding the issue as of Friday morning, when the news was published.

Volkswagen announced its optimistic expectations for 2023 during trading hours on March 3, 2023. Following the announcement, the company's shares traded on the DAX index rose more than 10 percent on the same day.

The German regulator's assessment focused on the impact of financial expectations on the market and the method by which such information should be made public.

German automotive giant Volkswagen, which has a history of approximately 88 years, is on the agenda with financial and operational problems.

It is stated that VW, one of Europe's largest and most important automotive manufacturers, has entered into a comprehensive restructuring process due to increasing energy costs in Germany and the increasing Chinese power in the global market, and in this context, the company will be further downsized.

When we look at the last 5 years, we see that there has been a 66 percent loss in value in Volkswagen shares. The company's market value fell below 40 billion euros.

The company's sales fell by 9 percent in the second quarter of 2026. This made restructuring necessary. According to the planning, there will be a serious decrease in the number of models. Only best-selling and promising models will be produced.