www.g4media.ro/pierderi-de-582-miliarde-de-euro-in

Volkswagen reported a net loss of €5.82 billion in Q3 2026, prompting significant cost-cutting measures and job reductions. The company aims to cut costs by 20% by 2028, with plans to eliminate over 35,000 jobs in Germany by 2030. Additionally, a global restructuring plan could see around 50,000 more positions cut. The company faces challenges including weak sales in China and increased global competition, complicating its recovery strategy. The situation is critical for several production facilities, which lack clear future production programs. These developments highlight the broader struggles of the European automotive industry.