Volkswagen posts $6.5 billion quarterly loss as China slump, Porsche writedown weigh on bottom line
- tariffs and lower profits from electric vehicles.
- The results announced Thursday underline the challenges facing the company as it seeks to cut costs through a restructuring that could mean the loss of up to 100,000 jobs and the closure of four German plants.
Unverified
- tariffs and lower profits from electric vehicles.
- The results announced Thursday underline the challenges facing the company as it seeks to cut costs through a restructuring that could mean the loss of up to 100,000 jobs and the closure of four German plants.
Sources: ABC News