Car group reports 54% drop in pre-tax profits as it says Iran war could affect demand for Audi and Porsche brands ...

The German carmaker reported that FY25 earnings after tax fell 44.3% year-on-year to €6.90bn, a result that multiple reports ...

German automaker Volkswagen plans to cut 50,000 jobs by 2030 as profits fall due to increased competition with Chinese ...

Volkswagen is cutting 50,000 jobs in Germany after profits fell to a 10-year low. Premium brands Audi and Porsche, plus software unit Cariad, will be affected.

The Volkswagen Group today released fourth-quarter and full-year 2025 financial results, and two things stand out more than anything. The operating profit has plunged 53.5% to €8.9 billion ($10.35 ...

Volkswagen reported a 54% drop in pre-tax profits to €8.9 billon (£6.6 billion), citing US tariffs and a costly strategy shift at Porsche. Net profit after tax fell by around 44% in 2025, from €12.4 ...

Europe's largest carmaker said post-tax profits had dropped to their lowest level since 2016.

“In total, around 50,000 jobs are due to be cut by 2030 across the Volkswagen Group in Germany,” Volkswagen CEO Oliver Blume said in a letter to shareholders in the firm’s annual report.

Lufthansa pilots have called a two-day strike amid a dispute over pension payments. Meanwhile, Volkswagen says it plans to ...

Volkswagen said Tuesday that it would cut 50,000 jobs in Germany by 2030 as its profit slid to its lowest level since 2016.