Volkswagen posts $6.5 billion quarterly loss as China slump, Porsche writedown weigh on bottom line

What happened: Volkswagen reported a 5.8 billion euro after-tax loss for the July-September quarter, citing one-time charges, weak China demand, U.S. tariffs and lower EV profits. Key numbers: Loss of 5.8 billion euros ($6.5 billion). Revenue fell 6.3% to 80.3 billion euros. 6.4 billion euro reduction on the Porsche stake. Why it matters: CFO Arno Antlitz said the company "cannot afford to lose any time and must act quickly and decisively," as the results underline challenges facing its cost-cutting restructuring. Coverage: 3 outlets in 24h

Volkswagen reported a 5.8 billion euro after-tax loss for the July-September quarter, citing one-time charges, weak China demand, U.S. tariffs and lower EV profits.

CFO Arno Antlitz said the company "cannot afford to lose any time and must act quickly and decisively," as the results underline challenges facing its cost-cutting restructuring.