Business6 sources
Volkswagen Reports €5.9bn Loss in Q3 Due to China Sales Slump
- Volkswagen reported a €5.9bn loss in the third quarter.
- The loss was driven by a slump in China sales and a Porsche writedown.
- Despite the loss, demand for electric vehicles increased revenues at rival Renault.
- Chancellor Friedrich Merz concluded his Asia tour with a visit to South Korea.
- Volkswagen is pressing ahead with restructuring despite mounting headwinds.
Articles (7)
Financial Times·
Volkswagen losses surge to €5.9bn as China sales slump
Deutsche Welle·
Germany news: Volkswagen posts 3rd quarter losses of nearly €6 billion amid competition from China
ABC News·
Volkswagen posts $6.5 billion quarterly loss amid China slump, Porsche writedown
Germany news: Volkwagen posts 3rd quarter losses of nearly €6 billion amid competition from China
The Wall Street Journal·
Volkswagen Presses Ahead With Restructuring as Headwinds Mount
Bloomberg·
Volkswagen Swings to Loss After Writedown, China Market Slump
Reuters·
Volkswagen slumps deeper into the red on Porsche writedown