Volkswagen reports a €5.9 billion third-quarter operating loss

Reuters reports Volkswagen's third-quarter 2026 operating loss reached €5.9 billion, versus €1.3 billion a year earlier and a €2.6 billion forecast from Visible Alpha analysts. Sales revenue fell 6% to €75.3 billion. CEO Oliver Blume plans 100,000 job cuts across the group. Reuters also describes competition in China, annual tariff costs and the expense of ramping up electric vehicles in Europe as pressures on Volkswagen.