Business & Finance

Volkswagen posts €5.86 billion quarterly operating loss on one-off costs

Deutsche Welle reports the loss reflects one-off costs, including Porsche writedowns, as Volkswagen plans to cut about 100,000 jobs.

Updated Oct 29, 2026 · 18:24 UTC4 reports

The short version

Deutsche Welle reports Volkswagen Group posted an operating loss of €5.86 billion for July through September.[Deutsche Welle]
One-off costs, including a large writedown on its Porsche stake, explained the vast bulk of the quarterly loss.[Deutsche Welle]
CEO Oliver Blume plans to cut about 100,000 jobs across the group, including the Audi and Porsche brands.[Deutsche Welle]
CFO Arno Antlitz said the company cannot afford to lose time and must act quickly and decisively.[Deutsche Welle]

The Volkswagen Group reported an operating loss of €5.86 billion for July, August and September.[Deutsche Welle]
One-off costs, including a major writedown on the Porsche stake, explained the vast bulk of the losses.[Deutsche Welle]
Non-cash Porsche writedowns of €6.4 billion were the largest part of €8.7 billion in special items.[Deutsche Welle]
Sales revenue dipped 6.3% year on year, to €75.3 billion, in the quarter.[Deutsche Welle]
CEO Oliver Blume plans to shed around 100,000 jobs across the group through layoffs and not replacing departing or retiring staff.[Deutsche Welle]
CFO Arno Antlitz said in a video statement that the company cannot afford to lose any time and must act quickly and decisively.[Deutsche Welle]

The timing and implementation details of the planned 100,000-job reduction are not specified in the available reporting.[Deutsche Welle]
All reporting on these figures comes from a single outlet, Deutsche Welle, and has not been independently confirmed in this review.[Deutsche Welle]

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.