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Volkswagen nine-month operating profit plunges 98.7% on €8.7 bln charges

Volkswagen's 98.7% operating profit plunge on €8.7 billion charges signals severe earnings deterioration.

Context

What happened: Volkswagen's operating profit fell 98.7% to €71 million in the first nine months of 2026, hit by €8.7 billion in special charges and weaker demand in China. Key numbers: Operating profit €71 million vs €5.41 billion a year earlier. Why it matters: CFO Arno Antlitz said the company must act quickly and decisively, citing U.S. tariffs, a shrinking Chinese market and lower EV margins. Volkswagen reaffirmed its full-year 2026 outlook.

What changed

Volkswagen's operating profit fell 98.7% to €71 million in the first nine months of 2026, hit by €8.7 billion in special charges and weaker demand in China.

Why it matters

CFO Arno Antlitz said the company must act quickly and decisively, citing U.S. tariffs, a shrinking Chinese market and lower EV margins. Volkswagen reaffirmed its full-year 2026 outlook.

Sources

eodhd