Volkswagen Group announces Porsche AG Future Package agreement
The package extends job protection until 2035, invests 2.1 billion euros, and plans social reductions of 5,000 jobs.
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Multinational automotive manufacturer and mobility group
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In short: Volkswagen implemented a radical cost-cutting overhaul following a significant drop in profits and severe sales erosion in the China market.
The package extends job protection until 2035, invests 2.1 billion euros, and plans social reductions of 5,000 jobs.
The volume brand group achieved 3.61 billion euros with 4.9% margin, and formed a new Core Executive Committee.
Sales revenue stable at EUR 158.1 billion, operating result down 11.6%, net cash flow improved to EUR 3.2 billion.
Sales revenue held steady at €22.0 billion. Electric truck sales more than doubled to 887 units. Outlook for 2026 narrowed to upper ranges.
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