https://www.live-feeds.com/feed/porsche-writedown-plunges-volkswagen-deeper-into-the-financial-abyssContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/porsche-writedown-plunges-volkswagen-deeper-into-the-financial-abysshttps://www.live-feeds.com/feed/porsche-writedown-plunges-volkswagen-deeper-into-the-financial-abyss#u174068Wed, 04 Nov 2026 12:02:12 +0000Volkswagen plunged into a severe financial crisis after reporting a massive third-quarter loss driven by a massive Porsche stake writedown and a slump in the China market. The German auto giant posted an after-tax loss of $6.5 billion, while operating losses reached $6.6 billion or roughly €5.9 billion. This marks the company's largest quarterly deficit in over a decade, with figures not seen this grim since the fourth quarter of 2015 during the Dieselgate emissions scandal. Analysts note that profits have collapsed by nearly 100 percent, raising the urgency for sweeping restructuring acr