Germany’s largest carmaker reported a net loss of 5.82 billion euros for July to September, while it pushes a wider cost-cutting programme that could eliminate around 50,000 further jobs worldwide.
Germany’s largest carmaker reported a net loss of 5.82 billion euros for July to September, while it pushes a wider cost-cutting programme that could eliminate around 50,000 further jobs worldwide.
Five point eight billion in losses and the headline reads like weather. Nobody saw this coming, right? Everyone who has watched Wolfsburg drift from EV promises to “we need to cut costs” since 2023 already knew where this was going. The restructuring isn’t a surprise. It’s the plan, announced in advance, dressed up as a shock. And the 50,000 jobs? That’s not a footnote, that’s the actual product being sold to shareholders.