Volkswagen posts $6.8 billion quarterly loss as slumping China demand, Trump tariffs, and Porsche write-down weigh on earnings

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Volkswagen posted an after-tax loss of 5.8 billion euros, or about $6.5 billion, in the third quarter due to one-time charges and weakness across its operations. Revenue fell 6.3% to 80.3 billion euros, while a 6.4 billion euro write-down related to its stake in Porsche further weighed on results. The automaker is facing declining demand in China and fierce price competition from local manufacturers. U.S. tariffs imposed by Donald Trump and the growing share of lower-margin electric vehicles also pressured earnings.

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Telemac
Telemachttp://cryptoinfo.ch
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