{
  "id": 17023218,
  "title": "In the third quarter: Volkswagen reports a loss of 5.82 billion euros",
  "url": "https://urgent.news/2026/10/29/im-dritten-quartal-volkswagen-meldet-5-82-milliarden-euro-verlust",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-29T06:48:52.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/politik/deutschland/im-dritten-quartal-volkswagen-meldet-582-milliarden-euro-verlust/100265814.html"
  },
  "original_language": "de",
  "account": "Volkswagen reported a significant loss of around 5.82 billion euros in the third quarter, due to a massive write-down on its Porsche subsidiary, weak sales in China, and costs associated with a corporate restructuring. The company's revenue fell by 6.3% to 75.28 billion euros. The write-down on Porsche, valued at 6.4 billion euros, was a major contributor to the loss. Volkswagen's sales also declined by 14.3% to 1.89 million vehicles, with a significant drop of 38.5% in China. The company had previously lowered its profit forecast for the year in September.",
  "summary": "Billions in write-offs on Porsche, weak China business and expensive group restructuring: Europe's largest automaker is performing worse than expected. What's behind the deep red numbers.",
  "key_points": [
    "Volkswagen reported a 5.82 billion euro loss in Q3 2023",
    "Porsche write-down and weak China sales contributed to deficit",
    "Group turnover fell 6.3% to 75.28 billion euros"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}