Volkswagen loss hits €5.8bn as Porsche, China and tariffs bite
‘We cannot afford to lose any time,’ says Volkswagen’s CFO after a €5.8bn loss driven by Porsche, China and US tariffs.
‘We cannot afford to lose any time,’ says Volkswagen’s CFO after a €5.8bn loss driven by Porsche, China and US tariffs.
The R2 is officially Rivian’s top seller by volume, but a surging software business and the VW tech partnership are what really powered its $176M gross profit in Q3.
Rivian doesn't disclose if the value of its $5.8 billion joint venture will expand as a result.
VW will use a platform and electronics developed in China for next-generation models in South America, Africa and Southeast Asia.
VW China’s chief says it will ‘never push technological progress at the expense of safety’, as Xpeng wins Level 4 robotaxi approval.