Volkswagen has reported a net loss of €1.07bn for the third quarter of 2025, compared with net income of €1.56bn in the same period a year earlier. It was the group’s first quarterly loss since the second quarter of 2020, when performance was affected by the coronavirus pandemic. Sales revenue rose to €80.3bn from €78.47bn a year ago. Volkswagen said the result was affected by negative price and mix effects as well as US tariffs. It added that provisions and impairments related to the realignment of Por ...

Porsche and Volkswagen chief Oliver Blume says carmakers are ‘experiencing massive changes’ - Alex Kraus/Bloomberg Porsche has delayed the launch of its new electric vehicle (EV) as weak demand forces the German car manufacturer to focus on petrol and diesel engines. The company, owned by Volkswagen, said the launch-date for an EV version of its new SUV had been scrapped and the model would instead be sold as a combustion engine and plug-in hybrid version. Porsche said the delay was a “response to the ...