(Original title: German Volkswagen lost more than 1 billion euros in the third quarter)

German Volkswagen lost more than 1 billion euros in the third quarter

On October 30, local time, the third quarter data released by the German Volkswagen Group showed that,Volkswagen Group¡¯s net profit for the third quarter of 2025 was negative €10.72 billion, with net profit for the first three quarters dropping by 61.5% to €3.4 billion compared to the same period of the previous year.

Arnold Antelitz, chief financial officer of Volkswagen Group, said that compared with the same period last year, the obvious weakening of performance was mainly due to the increase in the production of low-profit margins of electric vehicles and the additional burden of 7.5 billion euros in total, including the import tariffs of the United States, the product strategy adjustment of its brand Porsche, and the related write-down of goodwill and enterprise value. Excluding related expenses, the group's profit margin in the first three quarters was 5.4%.

Antlitz said that in the current economic environment, the level is ¡°generally acceptable.¡±The increase in US tariffs and the resulting decline in sales are expected to put pressure on the company by up to 5 billion euros throughout the year, and its negative impact will continue.(Reporters at The Cloud)