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Profile picture of ZDF
ZDF
Credibility A−
 Jul 24
Europe's Largest Automaker: VW's Second-Quarter Profit Plunged by a Third: News from Germany, as well as the latest news from Europe and around the world. Videos ...
zdfheute.de/wirtschaft/unternehmen/vw-gewinn-eingebrochen-100.html
Europe's Largest Automaker: VW's Second-Quarter Profit Plunged by a Third
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Profile picture of heise online
heise online
C
 Jul 24
Volkswagen earns 1.54 billion euros in the second quarter: Weak sales figures in China are hurting the Volkswagen Group: Profit after taxes fell to 1 ...
heise.de/news/Volkswagen-Gewinn-bricht-um-ein-Drittel-auf-1-54-Milliarden-Euro-ein-11376909.html
Volkswagen earns 1.54 billion euros in the second quarter
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Profile picture of Donaukurier
Donaukurier
D+
 Jul 24
Poor quarterly figures: VW profit collapses by a third: The Volkswagen Group, which also includes the Ingolstadt-based car manufacturer Audi ...
donaukurier.de/nachrichten/regionale-wirtschaft/schlechte-quartalszahlen-vw-gewinn-bricht-um-ein-drittel-ein-21628118
Poor quarterly figures: VW profit collapses by a third
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Profile picture of deraktionaer.de
deraktionaer.de
C
 Jul 24
Volkswagen disappoints: Profit collapses, outlook lowered - | Shares fall: Volkswagen verzeichnete im Q2 Gewinnrückgang und senkt Umsatzprognosen ...
deraktionaer.de/artikel/mobilitaet-oel-energie/volkswagen-enttaeuscht-gewinn-bricht-ein-ausblick-gesenkt-aktie-faellt--20405440.html
Volkswagen disappoints: Profit collapses, outlook lowered - | Shares fall
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Profile picture of Manager Magazin
Manager Magazin
C
 Jul 24
Revenue Forecast Cut: Volkswagen Profit Plummets by a Third: Weak sales, primarily in China, continue to weigh on the Volkswagen Group: Profits fell sharply ...
manager-magazin.de/unternehmen/mobilitaet/volkswagen-gewinn-bricht-im-zweiten-quartal-um-ein-drittel-ein-a-1218ded7-df09-4397-a52f-30e65383d8e8
Revenue Forecast Cut: Volkswagen Profit Plummets by a Third
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Profile picture of tagesschau.de
tagesschau.de
A
 Jul 24
Profit collapses again - | VW lowers revenue forecast: Volkswagen earned significantly less in the second quarter than a year earlier. At the same time ...
tagesschau.de/wirtschaft/unternehmen/vw-gewinn-einbruch-100.html
Profit collapses again - | VW lowers revenue forecast
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Profile picture of Focus
Focus
D+
 Jul 24
VW profit collapses by a third in the second quarter: Weak sales, especially in China, continue to hurt the VW Group: Profit fell by a third in the second ...
focus.de/finanzen/vw-gewinn-bricht-im-zweiten-quartal-um-ein-drittel-ein_db393f77-cee3-4517-befc-745c78cc277a.html
VW profit collapses by a third in the second quarter
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Profile picture of Die Presse
Die Presse
B
 Jul 24
VW profit falls by a third in the second quarter: Volkswagen remains in crisis. The car manufacturer presents its quarterly figures amid heated discussions about ...
diepresse.com/39408199/vw-gewinn-sinkt-im-zweiten-quartal-um-ein-drittel
VW profit falls by a third in the second quarter
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Profile picture of waz-online.de
waz-online.de
C
 Jul 24
VW profits in the second quarter plummeted by a third: Europe's largest carmaker from Wolfsburg releases half-year results: Volkswagen Group profits have ...
waz-online.de/lokales/wolfsburg/vw-gewinn-im-zweiten-quartal-um-ein-drittel-eingebrochen-DUAE4FEDPJCHTEZ2M2B4FFGBAM.html
VW profits in the second quarter plummeted by a third
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Profile picture of ovb-online.de
ovb-online.de
C+
 Jul 24
VW profit plunges by a third in second quarter: The Volkswagen Group's profit plunged again in the second quarter. Compared to the same period last year ...
ovb-online.de/weltspiegel/wirtschaft/vw-gewinn-im-zweiten-quartal-um-ein-drittel-eingebrochen-zr-94412539.html
VW profit plunges by a third in second quarter
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Profile picture of Braunschweiger Zeitung
Braunschweiger Zeitung
C+
 Jul 24
VW profit plummeted by a third in the second quarter: The VW logo is on the brand's high-rise building at the Volkswagen main plant.
braunschweiger-zeitung.de/wirtschaft/article412661665/vw-gewinn-im-zweiten-quartal-um-ein-drittel-eingebrochen.html
VW profit plummeted by a third in the second quarter
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Profile picture of Tages-Anzeiger
Tages-Anzeiger
D+
 Jul 24
Volkswagen: Quarterly profit plunges by 33 percent: The Volkswagen Group earned only 1.54 billion euros in the second quarter. CEO Oliver Blume is planning ...
tagesanzeiger.ch/volkswagen-quartalsgewinn-bricht-um-33-prozent-ein-754520308619
Volkswagen: Quarterly profit plunges by 33 percent
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Profile picture of Die Tageszeitung
Die Tageszeitung
C+
 Jul 24
Sharp profit slump at automaker: VW profit plunges by a third: Weak sales, especially in China, continue to plague the VW Group. Profits fell sharply again in ...
taz.de/Starker-Gewinneinbruch-bei-Autobauer/!6198748/
Sharp profit slump at automaker: VW profit plunges by a third
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Profile picture of Gießener Allgemeine Zeitung
Gießener Allgemeine Zeitung
C
 Jul 24
VW profit plunges by a third - | Sales forecast lowered: Weak sales, especially in China, continue to plague the VW Group: Profit fell sharply again in the ...
giessener-allgemeine.de/wirtschaft/vw-gewinn-bricht-um-ein-drittel-ein-umsatzprognose-gesenkt-zr-94412543.html
VW profit plunges by a third - | Sales forecast lowered
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Profile picture of op-online.de
op-online.de
C
 Jul 24
VW profit plunges by a third in the second quarter: The Volkswagen Group's profit plunged again in the second quarter. Compared to the same period last year ...
op-online.de/wirtschaft/vw-gewinn-im-zweiten-quartal-um-ein-drittel-eingebrochen-zr-94412539.html
VW profit plunges by a third in the second quarter
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Profile picture of op-online.de
op-online.de
C
 Jul 24
VW profit collapses by a third – | sales forecast lowered: Weak sales, especially in China, continue to put pressure on the VW Group: Profit fell sharply again ...
op-online.de/wirtschaft/vw-gewinn-bricht-um-ein-drittel-ein-umsatzprognose-gesenkt-zr-94412543.html
VW profit collapses by a third – | sales forecast lowered
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Profile picture of STIMME.de
STIMME.de
B−
 Jul 24
VW Group profit collapses again - | China business and high costs weigh on results
stimme.de/wirtschaft/baden-wuerttemberg/audi-vw-porsche-habjahr-bilanz-gewinn-absatz-automobile-art-5197234
VW Group profit collapses again - | China business and high costs weigh on ...
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Profile picture of Rundschau Online
Rundschau Online
C
 Jul 24
Audi and Porsche falter: VW profit plunges by a third - | Revenue forecast lowered
rundschau-online.de/wirtschaft/vw-gewinn-bricht-um-ein-drittel-ein-umsatzprognose-gesenkt-1333260
Audi and Porsche falter: VW profit plunges by a third - | Revenue forecast ...
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Profile picture of nwzonline.de
nwzonline.de
C−
 Jul 24
Second quarter: VW profit plunges by a third - | Sales forecast lowered: Weak sales, especially in China, continue to hurt the VW Group: Profit fell sharply ...
nwzonline.de/wichtige-meldungen/zweites-quartal-vw-gewinn-bricht-um-ein-drittel-ein-umsatzprognose-gesenkt_a_4,3,1262927069.html
Second quarter: VW profit plunges by a third - | Sales forecast lowered
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Profile picture of DER STANDARD
DER STANDARD
Credibility C
 Oct 29
A loss of 5.8 billion euros: Volkswagen slips deep into the red: The automaker attributes the decline in operating profit primarily to one-time factors ...
derstandard.at/story/3000000346446/minus-von-58-milliarden-eurovolkswagen-rutscht-tief-in-die-roten-zahlen
A loss of 5.8 billion euros: Volkswagen slips deep into the red
Key FactsVolkswagen reports nine-month loss of €2.7 billion
1 days ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: handelsblatt.com
  • After nine months, Volkswagen reported a €2.7 billion deficit; a year earlier, its after-tax result was about €3.4 billion.

  • In China, VW recorded its first nine-month loss since beginning operations there: €113 million, compared with a €744 million profit a year earlier.

  • The company put the combined total of special items at €7.8 billion.

  • CFO Arno Antlitz said China operations risk missing break-even in 2026.
    • There is a risk that the China business will no longer break even this year.
    — Volkswagen CFO Arno Antlitz said this in a conversation with journalists and analysts about the performance of the China business.
7 similar articles
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Profile picture of T-Online
T-Online
B
 14h
Volkswagen: VW halts car development for ID. Golf: Volkswagen lost billions in the third quarter. Now the brand is pulling the emergency brake on one of its most ...
t-online.de/mobilitaet/aktuelles/id_101505358/volkswagen-vw-stoppt-auto-entwicklung-fuer-id-golf.html
Volkswagen: VW halts car development for ID. Golf
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Profile picture of t3n.de
t3n.de Oct 29
China and electric cars: These are the reasons for Volkswagen's billion-euro loss
t3n.de/news/china-und-e-autos-das-sind-die-gruende-fuer-den-milliardenverlust-bei-volkswagen-1770677/
China and electric cars: These are the reasons for Volkswagen's ...
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Profile picture of Frankfurter Allgemeine Zeitung
Frankfurter Allgemeine Zeitung
A−
 Oct 29
VW reports billion-euro loss in the third quarter
faz.net/aktuell/wirtschaft/unternehmen/vw-meldet-milliardenverlust-im-dritten-quartal-accg-201631461.html
VW reports billion-euro loss in the third quarter
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Profile picture of tagesschau.de
tagesschau.de
A
 Oct 28
Mercedes Faces Even Bigger Problems in the Chinese Market: Mercedes’ automotive division posted significantly lower operating profits in the third quarter ...
tagesschau.de/wirtschaft/unternehmen/mercedes-automobilindustrie-quartalszahlen-100.html
Mercedes Faces Even Bigger Problems in the Chinese Market
Key FactsMercedes-Benz cuts annual outlook despite higher quarterly profit
2 days ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: stuttgarter-zeitung.de
  • Third-quarter revenue fell 4.5% to €30.7 billion; the passenger-car division’s adjusted margin declined from 4.8% to 2.5%.

  • Mercedes cited tougher competition in China, unfavorable exchange rates and high costs for launching new models as pressures.

  • For 2026, the group now expects Ebit at the previous year’s level; 2025 Ebit was €5.8 billion.

  • Industrial-business free cash flow fell about 87% to €172 million; Mercedes cited a temporary buildup of new-vehicle inventories as the cause.
    • “increasingly challenging market environment in China”— Wording from a mandatory disclosure by Mercedes-Benz to the stock exchange, explaining the lowered annual forecast.
4 similar articles
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Profile picture of ZDF
ZDF
A−
 Jul 24
VW Profits Plunge: What Volkswagen CEO Blume Says About the Situation: VW has once again reported a sharp drop in profits: How bad is the situation for the ...
zdfheute.de/wirtschaft/unternehmen/blume-vw-chef-konzern-zahlen-interview-100.html
VW Profits Plunge: What Volkswagen CEO Blume Says About the Situation
Key FactsVW's Major Cost-Cutting Plan Faces Resistance
Jul 24, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: n-tv.de
  • Oliver Blume intends to secure approval for the new cost-saving package from VW's supervisory board by the end of 2026.

  • He rejects plant closures until 2030, focusing instead on enhancing competitiveness within existing facilities.

  • The workforce reduction in Germany is planned to total 50,000 jobs by 2030, with 35,000 cuts at the VW core brand.

  • Annual production capacity will be lowered to about 9 million vehicles, alongside cuts in models and variants.
    • it's not realistic to talk about factory closures until 2030.
    — Oliver Blume, CEO of Volkswagen Group, in an interview about VW's savings package
7 similar articles
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Profile picture of op-online.de
op-online.de
C
 Jul 24
VW turns negative: China collapses, profits plummet: VW cuts its sales forecast from plus three percent to minus three percent. Profits plummet by a third ...
op-online.de/wirtschaft/vw-dreht-ins-minus-china-bricht-weg-der-gewinn-stuerzt-ab-zr-94413312.html
VW turns negative: China collapses, profits plummet
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Profile picture of waz-online.de
waz-online.de
C
 Apr 30
Volkswagen faces crucial months: CFO Antlitz plans a profound restructuring of the company and its costs
waz-online.de/lokales/wolfsburg/volkswagen-vor-entscheidenden-monaten-finanzchef-antlitz-plant-tiefgreifenden-umbau-von-struktur-und-MLXTIAZDGFHKBKOGIIPBUMNPHQ.html
Volkswagen faces crucial months: CFO Antlitz plans a profound ...
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Profile picture of heise online
heise online
C
 Mar 11
VW CEO Blume announces radical cost reductions: VW plans to respond to the changed circumstances with a new transformation plan by 2030 ...
heise.de/news/Neuer-VW-Transformationsplan-Werden-jeden-Stein-umdrehen-11205849.html
VW CEO Blume announces radical cost reductions
3 similar articles
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Profile picture of NDZ - Neue Deister-Zeitung
NDZ - Neue Deister-Zeitung
C
 Mar 10
Profit slump at VW: What does this mean for the locations in Hanover and Lower Saxony?
ndz.de/der-norden/gewinneinbruch-bei-vw-was-bedeutet-das-fuer-die-standorte-in-hannover-und-niedersachsen-WARANS7MOVA25BVIS3I4MOW2F4.html
Profit slump at VW: What does this mean for the locations in Hanover and ...
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Profile picture of heise online
heise online
C
 Oct 17 25
Porsche: CEO Oliver Blume facing dismissal: A change in management is imminent at Porsche: CEO Oliver Bume apparently has to leave. Talks with a successor are ...
heise.de/news/Porsche-CEO-Oliver-Blume-muss-gehen-10777144.html
Porsche: CEO Oliver Blume facing dismissal
2 similar articles
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Profile picture of Berliner Zeitung
Berliner Zeitung
B−
 Jul 30 25
Mercedes's drop in profits alarms experts: Electric cars are "tearing apart the manufacturers"
berliner-zeitung.de/wirtschaft-verantwortung/mercedes-einbruch-alarmiert-experten-elektroautos-zerreissen-die-hersteller-li.2345576
Mercedes's drop in profits alarms experts: Electric cars are
9 similar articles
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Profile picture of Reuters
Reuters
A
 May 06 25
Rivian to build $120 million supplier park in Illinois: Rivian said on Monday it would invest $120 million to build a supplier park near its plant in Illinois ...
reuters.com/business/autos-transportation/rivian-build-120-million-illinois-supplier-park-lower-tariff-related-costs-2025-05-05/
Rivian to build $120 million supplier park in Illinois
15 similar articles
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Profile picture of Die Welt
Die Welt
B
 Mar 14 25
Car manufacturers in crisis: BMW profits slump by 37 percent: After years of high profits, things are currently going downhill for car manufacturers ...
welt.de/wirtschaft/article255693914/Autobauer-in-der-Krise-Gewinn-von-BMW-bricht-um-37-Prozent-ein.html
Car manufacturers in crisis: BMW profits slump by 37 percent
Key FactsBMW reports 37 percent profit decline
Mar 14, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: focus.de
  • BMW’s 2024 profit fell 37 percent to €7.7 billion, while revenue declined 8.4 percent to €142 billion.

  • According to the report, BMW was affected by weaker sales in China and problems with Continental-supplied brakes.

  • Volkswagen reported a 31 percent profit decline to €12.4 billion, while Mercedes-Benz’s fell 28 percent to €10.4 billion.

  • For 2025, BMW expects rising demand and pretax profit roughly at 2024 levels, but provides no net-profit forecast.
    • The current figures are not bad. They only look bad in comparison with the exceptional years
    — Industry expert Frank Schwope, lecturer in automotive economics at the Fachhochschule des Mittelstands in Cologne and Hannover; quoted in Focus
47 similar articles
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Profile picture of Kreiszeitung
Kreiszeitung
C
 Oct 31 24
Salary cuts now also affect BMW employees: It is not only Volkswagen that is making significant savings. At BMW, there is no longer any anniversary bonus and ...
merkur.de/wirtschaft/gehaltskuerzungen-treffen-nun-auch-bmw-mitarbeiter-93382072.html
Salary cuts now also affect BMW employees
Key FactsBMW Employees Face Salary Reductions
Oct 30, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: merkur.de
  • BMW employees will forfeit anniversary bonuses, and profit sharing will be more closely tied to company profitability.

  • Despite an anticipated drop in profits, mass layoffs are not expected, and employment guarantees remain intact.

  • The cuts affect significant salary components, such as the anniversary bonus, which will be eliminated starting in 2027, while Christmas bonuses will be reduced over the next two years.

  • Negotiations also included enhancements in participation processes and spatial flexibility, without the need for additional regulations.
3 similar articles
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CNBC
B
 Aug 06 24
Rivian tops Wall Street's second-quarter expectations amid cost cuts: Rivian beat Wall Street's top- and bottom-line expectations for the second quarter as the ...
cnbc.com/2024/08/06/rivian-tops-second-quarter-earnings-expectations-following-cost-cuts.html
Rivian tops Wall Street's second-quarter expectations amid cost cuts
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Profile picture of Fortune (magazine)
Fortune
B−
 Mar 17 23
No more red carpet for Elon Musk as VW’s new ‘anti-visionary’ CEO breaks with Tesla entrepreneur
fortune.com/2023/03/17/elon-musk-tesla-volkswagen-oliver-blume-herbert-diess/
No more red carpet for Elon Musk as VW’s new ‘anti-visionary’ CEO breaks ...
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