Volkswagen Reports €5.82 Billion Third-Quarter Loss

Volkswagen reported a net loss of €5.82 billion for the third quarter of 2026, as a large impairment tied to Porsche and other charges pushed the German automaker’s operating result sharply into the red. The net loss compared with a loss of just over €1.07 billion in the same quarter a year earlier. Volkswagen’s operating loss was about €5.9 billion, against €1.3 billion a year before. Analysts surveyed by Visible Alpha had expected an operating loss of about €2.6 billion. The company recorded about €7.8 billion in special items during the quarter. That included a €6.4 billion noncash goodwill impairment related to Porsche, reflecting lower expectations for the sports-car business’s future performance. Volkswagen also reported roughly €1 billion in impairments related to its China operations, along with costs connected to restructuring and the planned sale of its Osnabrück plant. Volkswagen cited weak conditions in China, global pricing and competitive pressure, U.S. tariffs, and a higher share of electric vehicles, which it said earn less than combustion-engine models. Vehicle deliveries fell 14.3% to 1.885 million in the quarter. Deliveries in China dropped 38.5% to about...