Carmaker, which is pushing through cost-cutting programme, expects sales to fall by up to 3% this year Volkswagen has reported a steep fall in profits and cut its revenue forecast amid a sales slump in China, as the German carmaker pushes through a brutal cost-cutting programme that includes slas...

Source: [Guardian World](https://www.theguardian.com/business/2026/jul/24/vw-profits-plunge-and-deep-job-cuts-loom-amid-tough-chinese-competition)

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