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Volkswagen posts €5.8B loss, plans up to 100,000 cuts

By Drooid · Oct 29, 2026 · How we work

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Volkswagen posted a €5.8 billion after-tax loss for the July-September quarter.
Quarterly revenue fell 6.3% to €75.3 billion, down from the prior year.
Operating loss reached €5.9 billion, including about €8 billion in one-off items.
CFO Arno Antlitz said the group must act quickly and decisively.
Volkswagen plans to cut up to 100,000 jobs and close four German plants.

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Volkswagen posted a €5.8 billion after-tax loss for the July-September quarter.
Quarterly revenue fell 6.3% to €75.3 billion, down from the prior year.
Operating loss reached €5.9 billion, including about €8 billion in one-off items.
CFO Arno Antlitz said the group must act quickly and decisively.
Volkswagen plans to cut up to 100,000 jobs and close four German plants.