Volkswagen earnings plunge as group launches $61.6b cost programme

Volkswagen Group’s operating profit was almost wiped out during the first nine months of 2026 as tariffs, weaker Chinese demand, pricing pressure and major impairment charges weighed on earnings. Operating profit fell 98.7% to €71 million (NZ$141m), down from €5.4 billion (NZ$10.74b) in the same period last year. Sales revenue declined 2.2% to €233.4b (NZ$463.53b), […]
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