Volkswagen Posts €5.8 Billion Loss as Chinese Competition Bites
The loss was worse than analyst forecasts and comes as CEO Oliver Blume pursues 100,000 job cuts across the group.
- 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.
53 Articles
53 Articles
The Volkswagen Group lost billions in the third quarter. Chief Financial Officer Arno Gesicht is also blamed for the boom in electric cars. With these, VW earns significantly less than with combustion engines.
Kreiszeitung
Volkswagen slid deeply into the red in the third quarter. Consolidated net income after tax was minus 5.82 billion euros in the months of July to September, as the car group reported.
Berliner Morgenpost
The Volkswagen Group lost billions in the months of July to September. The reasons are diverse.
Volkswagen lost 5.82 billion euros in the third quarter. Sales and vehicle sales declined significantly. In addition, a billion-dollar depreciation on Porsche was due.
The latest quarterly figures reveal the disaster at Europe's largest car company. Where VW is really busy - and what the reasons are.
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