Volkswagen Profits Plunge Amid Weak China Sales and Job Cut Warnings
Volkswagen reported a significant drop in profits for the second quarter, with earnings falling by nearly a third, primarily due to weak sales in China and intense competition. The carmaker has also warned of potential deep job cuts and lowered its sales forecast, citing an 'extremely challenging' auto industry.
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Volkswagen slashes revenue outlook amid weak China sales
Sharp cut heaps pressure on German carmaker’s leader as he looks to push through massive round of job cuts
Read full article →VW profits plunge and deep job cuts loom amid tough Chinese competition
Carmaker, which is pushing through cost-cutting programme, expects sales to fall by up to 3% this year Volkswagen has reported a steep fall in profits and cut its revenue forecast amid a sales slump in China, as the German carmaker pushes through a brutal cost-cutting programme that includes slashing up to 100,000 jobs. The world’s second-largest maker of vehicles said it expects sales to fall by up to 3% this year, a dramatic reversal on a previous forecast for a 3% increase on last year’s €...
By Mark Sweney
Read full article →Volkswagen expects full-year revenue squeeze after quarterly profit slump
German auto giant Volkswagen on Friday reported weaker-than-expected second-quarter profit and revised down its sales forecast for 2026.
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