www.antena3.ro/economic/companii/cel-mai-mare-prod

Volkswagen reported a significant loss of €5.8 billion in Q3 due to fierce competition from China and declining sales. The company faces challenges transitioning to electric vehicles and has announced plans to cut 120,000 jobs by 2030 to reduce costs. Restructuring will cost €31 billion, as the company aims for swift implementation of necessary changes.