The Volkswagen Group on Thursday posted its worst quarterly numbers in more than a decade. According to German news source DW, the company reported an operating loss of €5.86 billion for the period July 1 through September 30, 2027. A massive write down of its stake in Porsche was responsible for much of the loss, while its sales in China continued to decline at an alarming rate.

“The nine month results make one thing clear: We cannot afford to lose any time. We must act quickly and decisively,” chief financial officer Arno Antlitz said in a video statement. DW was quick to point out that the cockamamie tariffs on cars imported into the US from Germany were another significant factory in the dismal financial picture for Volkswagen. The US is Porsche’s largest market and those tariffs have had a devastating effect on its sales in America.

For the third quarter, Volkswagen reported an operating loss of €5.86 billion — four times greater then the loss is posted last year in the third quarter. That marks the company’s worst performance since the Dieselgate crisis in 2015. Revenue from sales fell by 6.3 percent year on year to €75.3 billion. Deliveries to customers, unit sales, and unit production numbers all dipped by roughly 15 percent as the company reduced production levels in an attempt to adjust factory output to match lower demand.

4 billion, which was virtually the same as last year, but sales volume was off 11 percent compared to 2025, so it is selling fewer cars but at higher prices.

Source link