The result, down from a 2.8 billion Euro operating profit for the group a year earlier, was less severe than the 1.7 billion Euro ($1.9 billion) loss forecast by analysts in a poll by Visible Alpha.
Overall, tariffs as well as costs and write-downs relating to the product overhaul at Porsche led to 7.5 billion Euros in charges for Volkswagen in the period ended September 30, while the transition to EVs also weighed on profitability, it said.
–Reuters–
Subscribe to our newsletter and stay informed with the latest news, program highlights, and exclusive content from Channel Africa — a trusted voice in global broadcasting.
Channel Africa promotes Africa’s national interests through innovative content aiding the continent’s development. We deliver news, current affairs, and cultural programming globally, broadcasting in multiple languages to connect Africa to the world and the world to Africa.
