Volkswagen's €5.86B Q3 operating loss is its worst quarter since Dieselgate, driven largely by a Porsche writedown, with revenue down 6.3% to €75.3B. CFO Arno Antlitz says they "cannot afford to lose

What happened: Volkswagen Group reported an operating loss of €5.86 billion for the third quarter, its worst quarterly numbers in more than a decade, driven largely by one-off costs including a writedown on its Porsche stake. Key Why it matters: CFO Arno Antlitz said the results show the company cannot afford to lose time and must act quickly, citing the urgency of restructuring plans that include shedding around 100,000 jobs and possible closure of up to four German plants. VW shares, already at their lowest in well over 10 years, dipped briefly then rose 2% by midday in Frankfurt. Coverage: 5 outlets in 24h

Volkswagen's €5.86 billion Q3 operating loss stems from a Porsche writedown.

Volkswagen's €5.86 billion Q3 operating loss stems from a Porsche writedown. — impact context not separately stored; see What changed.