Volkswagen slumps deeper into the red on Porsche writedown
Special items of about €8 billion, mostly tied to Porsche, pushed operating loss wider as sales fell 6.3% and restructuring costs climbed.
- 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.
143 Articles
143 Articles
Europe's largest car manufacturer suffers from the weakness of Porsche and the collapse of the China business. In the debate about the renovation, this can give the management tailwind.
Volkswagen suffered a loss of EUR 5.8 billion in the third quarter, more than five times the previous year. The car group is involved in a restructuring and job reduction programme.
Volkswagen deepened its loss in the third quarter, recording its worst result in more than a decade, while the world's second-largest assembler faces huge challenges in key markets and starts a major restructuring.
Volkswagen suffers failure after failure: losses of the automaker rose to €5.9 billion amid falling sales in China
Volkswagen suffers failure after failure: losses of the automaker rose to €5.9 billion amid falling sales in China.FT writes that the company has "very low" profits and has problems investing in new technologies.The above—mentioned amount represents...
Volkswagen Q3 Loss Widens Sharply On Charge, Weak Volume; Confirms FY26 View
German automotive major Volkswagen AG reported Thursday sharply wider net loss in its third quarter on an impairment charge related to Porsche AG and weak revenues amid lower production and sales volume. Further, the firm maintained its recently lowered fiscal 2026 outlook. On the XETRA in Germany, Volkswagen shares were losing around 1.08 percent
Coverage Details
Bias Distribution
- 40% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
