Volkswagen First-Half Net Profit Falls More Than 30%, May Cut Around 50,000 Jobs
Volkswagen Group said its first-half 2026 after-tax profit fell more than 30% year on year, citing U.S. tariffs and intensifying global competition. The company also said full-year 2026 revenue is now expected to come in below its previous forecast, according to 36Kr. Group CEO Oliver Blume said Vo…