Volkswagen swung to a €5.8B Q3 loss from €1.1B a year ago as Chinese competition bites, with sales down 6.3% to €75.3B. The fix is expensive: 120,000 job cuts by 2030 will cost €31B, on top of a €10B

What happened: Volkswagen reported a €5.8 billion loss in the third quarter, as it struggles with intense Chinese competition. The firm had posted a €1.1bn loss in the same period last year. Key numbers: Q3 loss €5.8bn versus €1.1bn a year earlier. Sales fell 6.3% to €75.3bn. Why it matters: Finance chief Arno Antlitz said VW cannot afford to lose any time and must act quickly and decisively. The results highlight pressure to overhaul its business model amid Chinese competition, rising tariff costs and the EV shift.

Volkswagen's €5.8 billion loss driven by Chinese competition signals European auto sector pressure.

Volkswagen's €5.8 billion loss driven by Chinese competition signals European auto sector pressure. — impact context not separately stored; see What changed.