German carmakers hit a dead end as China drives past
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6 Articles
Radio France Internationale
German carmakers hit a dead end as China drives past
Volkswagen's woes in China pushed Europe's largest carmaker to a 5.8 billion euro ($6.5 billion) loss for the three months to end-September. The 10-brand group's declining fortunes in the world's largest car market are the main reason behind a historic restructuring drive that could see it shed up to 120,000 jobs by the end of the decade. BMW and Mercedes-Benz are also cutting jobs, and all three have issued profit warnings this year. "Nobody w…
Volkswagen closed the quarter closed in late September with a loss of €5.8 billion. The result came from the collapse of sales in China and pushed Europe's largest assembler to a restructuring that can eliminate up to 120,000 jobs by the end of the decade. The damage is not exclusive to Volkswagen. [...]
The Volkswagen Group, the largest European car manufacturer, presented an operating loss of EUR 5.86 billion in the third quarter of the year, against losses of 1.3 billion recorded in the homologous period of 2025. It is the worst quarterly result presented by the German consortium since the end of 2015, when the Dieselgate scandal [...] The post Volkswagen: worst quarter since 2025 first appeared on AutoSport.
The deliveries of Volkswagen, Mercedes and Bmw in China have dropped by a third in six years, while the local brands have taken 65% of the market. The account arrives in the German factories: devaluations and tens of thousands of cuts.
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