- Jul 27
Audi slashes 2026 revenue forecast by 5 billion euros as China profit collapses and Neckarsulm plant hangs in balance
The Volkswagen luxury group lowered its expected revenue to 58-63 billion euros, down from 63-68 billion, and posted a 21% drop in Q2 net profit. China contributed only 73 million euros in the first half, compared with nearly four times that a year earlier.
- Jul 24
Volkswagen profit plunges 30.7% as China sales collapse and restructuring costs bite
The German automaker reported net profit of €3.1 billion for the first half of 2026, down from €4.5 billion a year earlier, while Spanish subsidiary Seat saw its operating profit triple to €122 million.
- 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.
