Volkswagen Posts €5.86B Q3 Loss, Worst Since Dieselgate, but EV Sales Rise 39%
Volkswagen Group reported an operating loss of €5.86 billion for Q3, its worst quarterly result in over a decade, driven by a €6.4 billion Porsche writedown, declining China sales, and US tariffs. Despite the gloom, the company's battery electric vehicle sales climbed 39% year on year.