Frankfurt, Germany, Oct 29, 2026 (AFP) - Volkswagen posts 5.8 bn euro loss as Chinese competition bites

NAMPA / AFP

2026-10-29

German carmaker Volkswagen reported Thursday a loss of 5.8 billion euros ($6.5 billion) for the third quarter, down from a loss of 1.1 billion euros in the same period last year, as it struggles with intense Chinese competition. Sales fell 6.3 percent in the quarter to 75.3 billion euros, Volkswagen said. Like its peers, Volkswagen has struggled with the costs of transitioning to electric vehicles as well as falling demand and cutthroat competiti......

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