{
  "id": 17023221,
  "title": "Car manufacturers: \"We must act quickly and decisively\" - VW reports billion-euro loss in the third quarter",
  "url": "https://urgent.news/2026/10/29/autobauer-wir-mussen-schnell-und-entschlossen-handeln-vw-meldet",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-29T06:38:31.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/unternehmen/industrie/autobauer-vw-meldet-milliardenverlust-im-dritten-quartal/100265266.html"
  },
  "original_language": "de",
  "account": "Volkswagen, Europe's largest automaker, reported a loss of 5.8 billion euros for the summer quarter, compared to a loss of 1 billion euros in the same period last year. The company's revenue fell 6.3% to 75.3 billion euros. The loss was attributed to one-time effects of 7.8 billion euros, including a 6.4 billion euro write-down on the value of its Porsche subsidiary. Volkswagen's financial chief, Arno Antlitz, said the company must \"act quickly and decisively\" to address its challenges.",
  "summary": "The company cites special effects as the reason for the red numbers. The collapse of the Chinese market and increasing competition are also weighing on the automaker.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Der Standard Wirtschaft",
        "title": "Andritz increased sales and profit in the third quarter",
        "url": "https://urgent.news/2026/10/29/andritz-steigerte-im-dritten-quartal-umsatz-und-gewinn",
        "published": "2026-10-29T07:46:27.000Z"
      }
    ]
  },
  "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."
}