Volkswagen slumps deeper into the red on Porsche writedown
The company said special items of about €8 billion, mostly tied to Porsche, drove the loss as sales fell 6.3% and China deliveries sank 38.5%.
- On Thursday, October 29, 2026, Volkswagen reported a €5.9 billion operating loss in the third quarter, with sales revenue falling 6% to €75.3 billion.
- The automaker faces brutal competition in China, billions in annual tariff costs, and a costly EV ramp-up in Europe, pressuring Volkswagen to overhaul its business model.
- Visible Alpha analysts had forecast a €2.6 billion loss, significantly lower than the actual result and the €1.3 billion loss from the same period last year.
- CEO Oliver Blume plans 100,000 job cuts across the group, including Audi and Porsche, to stabilize operations amid the crisis.
- Finance chief Arno Antlitz said, "We cannot afford to lose any time. We must act quickly and decisively," underscoring management's urgency to execute the restructuring plan.
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Volkswagen Q3 Loss Largest Since Dieselgate - CleanTechnica
Support CleanTechnica's work through a Substack subscription, on Patreon, or on Stripe. Help us produce all of the high-quality, original content we publish week after week despite the challenges of content-scraping AI, antisocial media, inflation, and other hurdles. The Volkswagen Group on Thursday posted its worst quarterly numbers in more ...
Automaker Volkswagen reported a loss of billions in the third quarter. As reported by the Group in Wolfsburg, earnings after taxes were minus 5.82 billion euros in the months July to September.
Volkswagen Swings to Loss After Writedown, China Market Slump
The German manufacturer suffers from a major offensive from the Chinese local brands, which impose their electric vehicles at aggressive prices. The group recorded a loss of 5.8 billion euros in the third quarterThe car giant in crisis Volkswagen called on Thursday to accelerate its savings measures after a heavy net loss in the third quarter largely due to its difficulties in the Chinese market. "We must accelerate and step up our efforts to st…
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