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Jewish News 24 · Oct 29, 2026

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🚗 VOLKSWAGEN REPORTS NEARLY €6 BILLION QUARTERLY LOSS, WORST IN OVER A DECADE: German automaker Volkswagen reported a €5.82 billion ($6.5 billion) net loss in the third quarter of 2026, its worst quarterly performance in more than a decade. The massive loss was driven by a €6.4 billion writedown involving Porsche, plunging sales in China, U.S. tariffs and restructuring costs. Revenue fell 6.3% to €75.3 billion, while the company faces plans to cut up to 100,000 jobs and potentially close four German factories.

🚗 VOLKSWAGEN REPORTS NEARLY €6 BILLION QUARTERLY LOSS, WORST IN OVER A DECADE: German automaker Volkswagen reported a €5.82 billion ($6.5 billion) net loss in the third quarter of 2026, its worst quarterly performance in more than a decade. The massive loss was driven by a €6.4 billion writedown involving Porsche, plunging sales in China, U.S. tariffs and restructuring costs. Revenue fell 6.3% to €75.3 billion, while the company faces plans to cut up to 100,000 jobs and potentially close four German factories.

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