India, Oct. 29 -- German automotive major Volkswagen AG reported Thursday sharply wider net loss in its third quarter on an impairment charge related to Porsche AG and weak revenues amid lower production and sales volume. Further, the firm maintained its recently lowered fiscal 2026 outlook.
On the XETRA in Germany, Volkswagen shares were losing around 1.08 percent, trading at $68.45.
Arno Antlitz, CFO and COO Volkswagen Group, said, "Electric vehicles account for 40 percent of our order bank. Our Electric Urban Car Family, with 150,000 orders, is making a major contribution to this. At the same time, US tariffs weigh on us, the Chinese market is shrinking, and competitive pressure in Europe is increasing significantly. The market success...