Arno Antlitz
Chief Financial Officer - Volkswagen AG
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- Jul 24
Volkswagen profit drops 32.9% in Q2 as China sales collapse; group cuts full-year revenue forecast and plans up to 50,000 more job cuts
Net income fell to €1.54 billion in the second quarter, down from €2.29 billion a year earlier, while deliveries in China tumbled more than a third to 424,300 vehicles.
- Jun 26
Volkswagen plans 100,000 job cuts and closure of four German plants in deepest overhaul in its 89-year history
Europe's largest carmaker weighs a radical restructuring that would double earlier cut targets, break a union pact, and shrink production capacity to 9 million vehicles a year.
- Jun 25
Volkswagen sells majority of engine builder Everllence to Bain Capital for €7.4 billion
The German automaker is handing over 51 percent of its large-engine subsidiary to the US investor, keeping 49 percent, while securing German jobs until 2030.