VW profits plunge and deep job cuts loom amid tough Chinese competition
A technician applies the finishing touches to a VW logo. Volkswagen employs more than 650,000 people across all its brands. Photograph: Matthias Rietschel/ReutersView image in fullscreenA technician applies the finishing touches to a VW logo.
- ▪A technician applies the finishing touches to a VW logo.
- ▪Volkswagen employs more than 650,000 people across all its brands.
- ▪Photograph: Matthias Rietschel/ReutersView image in fullscreenA technician applies the finishing touches to a VW logo.
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A technician applies the finishing touches to a VW logo. Volkswagen employs more than 650,000 people across all its brands. Photograph: Matthias Rietschel/ReutersView image in fullscreenA technician applies the finishing touches to a VW logo. Volkswagen employs more than 650,000 people across all its brands. Photograph: Matthias Rietschel/ReutersVolkswagen (VW)VW profits plunge and deep job cuts loom amid tough Chinese competitionCarmaker, which is pushing through cost-cutting programme, expects sales to fall by up to 3% this yearMark SweneyFri 24 Jul 2026 06.34 EDTLast modified on Fri 24 Jul 2026 06.49 EDTSharePrefer the Guardian on GoogleVolkswagen has reported a steep fall in profits and cut its revenue forecast amid a sales slump in China, as the German carmaker pushes through a…
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