Overview
- Volkswagen reported a €1.072 billion net loss for the third quarter, driven by €7.5 billion in charges that included €4.7 billion linked to Porsche’s strategy change and impairments.
- Group profit for the first nine months fell more than 60% to €3.4 billion, while revenue ticked up and third‑quarter EV deliveries grew by about one third.
- VW maintained guidance contingent on sufficient semiconductor supply, as the Nexperia situation remains critical despite short‑term coverage and ongoing sourcing of alternatives.
- Mercedes‑Benz posted about €1.2 billion in Q3 net profit, down roughly one third, with nine‑month net profit around €3.9 billion after sizable restructuring costs.
- Mercedes is executing a €5 billion savings program and launched a €2 billion share buyback, booking approximately €876 million in Q3 charges tied to personnel reductions and efficiency measures.