Key facts
- Third-quarter operating loss was 5.9 billion euros, compared to a 1.3 billion euro loss a year earlier.
- Analysts had forecast a 2.6 billion euro loss for the period.
- Sales revenue fell 6% to 75.3 billion euros in the third quarter.
Volkswagen reported a third-quarter operating loss of 5.9 billion euros, a significant increase from the 1.3 billion euro loss in the same period last year and wider than the 2.6 billion euro loss forecast by Visible Alpha analysts. Sales revenue also fell by a stronger-than-forecast 6% to 75.3 billion euros during the three-month period. The results highlight the challenges facing the automaker, including intense competition in China, tariff costs, and the expense of ramping up electric vehicle production in Europe.