Volkswagen Posts $6.5 Billion Loss as China Sales Drop 40%

Volkswagen ended the third quarter with a net loss of approximately $6.5 billion. The result comes as the group faces a difficult period in the world’s largest automotive market.

Sales in China fell by 40%, weighing on results and highlighting growing competition from local manufacturers, particularly in electric vehicles. The commercial crisis makes the restructuring plan even more urgent, with the group needing to cut costs and restore competitiveness.