Overview
- Group EBIT fell to €750 million for the quarter, driven by large redundancy payouts and restructuring charges.
- Excluding €1.3 billion in one-off items, adjusted EBIT was €2.1 billion, down 17% year on year.
- Restructuring expenses reached €876 million in Q3, up from €560 million in the prior quarter.
- Management reaffirmed its 2025 outlook and is pursuing €5 billion in global savings by 2027.
- China car sales dropped 27% in Q3 as a price war intensified and U.S. tariffs weighed on profitability, and shares rose in early Frankfurt trading.