Volkswagen posts €1.07 billion loss in Q3

German auto giant Volkswagen Group (VW) has reported a net loss of €1.072 billion ($1.25 billion) for the third quarter of 2025, marking its first quarterly loss in five years. The company attributed the decline largely to challenges at its luxury subsidiary Porsche, which faced heavy write-downs linked to a strategic overhaul.

According to Chief Financial Officer Arno Antlitz, the group’s results were impacted by €7.5 billion in total charges, including higher tariffs, goodwill impairments, and Porsche’s revised product strategy. Porsche-related adjustments and write-downs alone accounted for €4.7 billion of the total hit.

“Excluding these one-off charges, the group operating margin stands at 5.4% — a respectable figure given the current economic environment,” Antlitz said.

Over the first nine months of 2025, Volkswagen’s net profit shrank by more than 60%, falling to €3.4 billion from €8.8 billion a year earlier.

Revenue rose 0.6% to €239 billion, while vehicle deliveries increased 1.2% to 6.6 million units, showing modest growth despite headwinds.