AI Summary

Volkswagen Group reported an operating loss of €5.86 billion for the July‑September quarter, its worst performance in over a decade. The loss was driven largely by a massive write‑down of its stake in Porsche and continued steep sales declines in China. CFO Arno Antlitz warned that the company cannot afford further delays and must act quickly. German news outlet DW also highlighted that tariffs on German‑made cars entering the U.S., where Porsche’s biggest market lies, have severely hurt American sales.

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