In the third quarter, Germany's Volkswagen suffered a net loss of over 1 billion euros. In the first three quarters, Volkswagen's net profit plummeted by over 60%.

On October 30th local time, Volkswagen Group released third-quarter data, showing a net loss of 1.072 billion euros in the third quarter of 2025. Net profit for the first three quarters compared to the same period last year dropped significantly by 61.5% to 3.4 billion euros. Volkswagen Group's Chief Financial Officer, Arno Antlitz, stated that the weakening performance compared to the same period last year is mainly due to the increased production of electric cars with low profit margins, as well as additional burdens totaling 7.5 billion euros, including US import tariffs, Porsche's product strategy adjustments and related goodwill impairments, and enterprise value write-downs. Excluding these expenses, the group's profit margin for the first three quarters was 5.4%. Antlitz stated that this level is "overall acceptable" in the current economic environment. Additionally, the expected increase in US tariffs and the resulting decline in sales are expected to put pressure on the company of up to 5 billion euros for the full year, with the negative impact expected to continue.