Volkswagen posts $6.8 billion quarterly loss as slumping China demand, Trump tariffs, and Porsche write-down weigh on earnings

News summary

Automaker Volkswagen posted a 5.8 billion euro ($6.5 billion) after-tax loss for the July-September quarter as large one-time charges piled on top of weak demand in China, U.S. tariffs and lower profits from electric vehicles.