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Volkswagen warns more cost cuts needed as profits plunge

The German auto giant said its future is at risk without additional savings after reporting a sharper-than-expected drop in profits amid mounting headwinds.

Published Apr 30, 2026, 3:22 AM EDT | WFMZZ

Volkswagen warned Thursday that its future is at risk without further cost cuts after reporting profits that plunged more than feared. The ailing German automaker said mounting headwinds are forcing deeper savings.