VW Group was hit hard by the global auto industry crisis. Problems with the sister company that produces sports cars, Porsche AG, got to him.
When the line is drawn, the company from Wolfsburg has recorded a loss of 1,07 billion euros in 2025 so far. Just a year ago, VW made a profit of 1,56 billion euros in the same period of time, writes the German "Spiegel".
At the same time, in the third quarter, the business for VW went quite well: the turnover increased slightly by 2,3 percent to 80,3 billion euros, the net cash inflow was 3,15 billion, so after deducting expenses, some money flowed into the cash register.
Higher customs duties and depreciation of Porsche
However, in the first nine months, the total profit decreased by more than 60 percent, from 8,8 to 3,4 billion euros. The reason for this is, first of all, burdens in the amount of 7,5 billion euros due to increased customs duties on export markets, adaptation to the new production strategy at Porsche, as well as its depreciation, announced the chairman of the financial board of Volkswagen, Arno Antlitz. Adjustments and deductions at Porsche alone cost 4,7 billion euros, writes "Spiegel".
The sports car manufacturer is spending billions in implementing its hybrid engine production strategy. Therefore, in the first nine months of 2025, Porsche's profit fell by almost 96 percent, which also affected the entire concern.
Basic VW models saw a slight increase in earnings of 2,3 percent in the same period, after drastic downsizing measures and mass layoffs.
