A €6.4 billion Porsche write-down drove the loss. The report also books the end of U.S. ID.4 production and flags Audi's North American slump and tariffs.
The ID.4 and ID. Buzz lost more sales than the whole brand did. The Tiguan now makes up more than a third of Volkswagen’s U.S. volume.
Volkswagen says it hasn’t found the cause of a battery defect in 22,524 ID.4s. Owners get a charging cap and a warning sticker while a repair is developed.
The ID.4’s replacement gets three powertrains, a 15-inch screen, and a €42,695 starting price in Germany. Volkswagen still won’t say when Americans can buy one.
The electric SUV replaces the ID.4 and ID.5, debuts in early October, and reaches Europe in early 2027. VW hasn't said when U.S. buyers get it.
The board signed off on 50,000 job cuts and a halved lineup the same day VW pointed at U.S. pickups. The showroom impact is smaller than the headlines suggest.