Business · Companies · 1 hr ago
Volkswagen reports €5.82 billion net loss in third quarter
Volkswagen reported a net loss of €5.82 billion for the third quarter.
The figure is the company’s result after taxes for July through September 2026.
Volkswagen is an automaker based in Wolfsburg, Germany.
The company said it had fallen deep into the red during the quarter.
A net loss means its costs and other expenses exceeded its income over that period.
The company’s announcement did not say what caused the loss or describe any next steps.
Volkswagen reported a net loss of €5.82 billion in the third quarter.
The loss was driven in large part by €7.8 billion in special effects, including a €6.4 billion write-down related to Porsche.
The company also cited weak conditions in China, rising price and competitive pressure, and a higher share of lower-margin electric cars.
Third-quarter revenue fell 6.3% to about €75.28 billion.
Volkswagen delivered 1.89 million vehicles in the quarter, nearly 14.3% fewer than a year earlier.
- Who
- Volkswagen.
- What
- The company reported a net loss of €5.82 billion for the third quarter.
- When
- The quarter covered July to September 2026. The results were reported on October 29, 2026.
- Where
- Volkswagen is headquartered in Wolfsburg, Germany; the loss was reported for the company’s third quarter.
- Why
- Special effects, weak market conditions in China, rising price and competitive pressure, and a greater share of lower-margin electric cars weighed on results.
This story does not have two clearly opposing sides.
Volkswagen reduced its 2026 revenue expectations, shifting from anticipated growth of up to 3% to a range from stable revenue to a decline of up to 3%.
Volkswagen cut its forecast for its 2026 operating return on sales to no more than 1%, from a previous range of 4.0% to 5.5%.
Volkswagen recorded a net loss of €5.82 billion and delivered 1.89 million vehicles.
Volkswagen’s third-quarter results were reported.
- Net loss
- €5.82 billion
- Special effects
- €7.8 billion
- Porsche write-down
- About €6.4 billion
- Third-quarter revenue
- About €75.28 billion, down 6.3%
- Third-quarter deliveries
- 1.89 million vehicles, nearly 14.3% lower year on year
- China deliveries
- Nearly 406,000 vehicles, down 38.5%