German automaker Volkswagen Group released its financial report for the first half of 2026 on the 24th, showing that due to factors such as US tariffs and increased competition in the global market, the group's profit after tax for the first half of the year fell by more than 30% year-on-year, and revenue for the full year of 2026 is expected to fall below previous expectations. Chairman Obomu of the Volkswagen Group Management Board said on the same day that in order to achieve the cost reduction target, the group may cut about 50,000 jobs worldwide, and the exact scale still needs to be further assessed.

German automaker Volkswagen Group released its financial report for the first half of 2026 on the 24th, showing that due to factors such as US tariffs and increased competition in the global market, the group's profit after tax for the first half of the year fell by more than 30% year-on-year, and revenue for the full year of 2026 is expected to fall below previous expectations. Chairman Obomu of the Volkswagen Group Management Board said on the same day that in order to achieve the cost reduction target, the group may cut about 50,000 jobs worldwide, and the exact scale still needs to be further assessed.