Volkswagen sinks to €5.9 billion loss as China slump and Porsche write-down bite

Volkswagen’s third-quarter loss came in far deeper than expected, as fierce Chinese competition, tariffs, costly electric-vehicle launches and heavy one-off charges hit Europe’s biggest carmaker. The group posted an operating loss of €5.9 billion for July to September. That is more than double the €2.6 billion loss analysts had forecast and well above the €1.3 billion loss a year earlier. Revenue fell 6% to €75.3 billion. About €8 billion in write-downs and restructuring costs drove the result, mostly linked to VW’s stake in struggling sports-car maker Porsche. Without those items, the group’s margin would have been 3.8%. Sales are also weakening. Global deliveries fell 14.3%, and deliveries in China, once Volkswagen’s most profitable market, fell by almost 40% as local brands took market share. Last month, VW cut its 2026 margin forecast to at most 1%. Chief executive Oliver Blume is pushing a restructuring plan that would cut more than 100,000 jobs across the group and could close up to four German plants. That sets up a clash with unions, which have threatened strikes from early next year. “We cannot afford to lose any time,” finance chief Arno Antlitz said.

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@koms55 · 2 hours ago

The proud are being humbled

@tony_xhan · 1 hour ago

The diesel scandal, far to high prices and arrogance in Wolfsburg have damaged the company’s reputation.

@martini_schwarzwald · 32 minutes ago

They asked for it

@martini_schwarzwald · 1 hour ago

Just paid VW £156 for a simple sensor glow plug.

@martini_schwarzwald · 1 hour ago

Crazy high price for a simple part

@titi_nwa · 1 hour ago

When a Toureg is €126,000 and youre blaming it on the "market"... You have a management problem

@weilo_daniel · 1 hour ago

The highest I would spend on a Touareg is 70 grand

@titi_nwa · 1 hour ago

VW has still not been able to make a peoples EV like they made the Beetle back in the day. Now all they want to do is enter the luxury market and cater to rich people

@precious123 · 2 hours ago

TESLA excelled because they were good at making batteries, vehicle and software. VW on the other hand were not good at software so it slowed them down as per the EV race

@njunga_22 · 2 hours ago

Remember VW emission scandal? Serves them right

@njunga_22 · 2 hours ago

Costs them billions of euros in fines

@sizwe_twala · 2 hours ago

It also caused people to turn to China EVs

@melody_nk · 2 hours ago

When they go to China they slash their vehicle prices, but in Europe they increase it

@purple_hills · 2 hours ago

Porsche drop surely caused by transition into full ev. Sorry I won’t buy an ev sportscar

@dominykas · 2 hours ago

This isn't a new dilemma for them. They've had plenty of time to plan and anticipate all of this. They're quite literally a member of Germany's sweetheart companies.

@paul_petit · 2 hours ago

VW moves into China, makes big profits, shares their ideas with Chinese brand, Chinese brand starts to outsell them and push them out of the market,

@kehinde · 2 hours ago

VW should switch to making defense products cos war is coming

@randolf_mercer · 2 hours ago

The company is called Volkswagen. The people's cars. The name says it all. High-quality, reliable, affordable cars for millions of customers are their genetic profile. Now business is bad because the ' people's cars ' are totally overpriced and Porsche's + €150,000 elite luxury cars aren't selling. And because they don't like affordable electric cars. Their own fault. Greed ruins success.

@dipuo_kefilwe · 2 hours ago

50k job cuts in Germany by 2030

@andy_colgate_nottinghill · 2 hours ago

VW owned Porsche is struggling too

@weilo_daniel · 2 hours ago

VW still doesnt have an EV that costs below 20,000 euros and yet they want to compete with China

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