VW Reports €5.86 billion Q3 operating loss.

[SRGTD]

As per title (credit to forum members @Tell on the Seat / Cupra forum for the linked article);

https://amp.dw.com/en/volkswagen-logs-q ... a-79793796

[funkyg]

From the report…

Non-cash writedowns on Porsche assets worth €6.4 billion

I know Porsche is a jewel in the crown for the VW group and German motor industry in general but surely from a business perspective it would make sense to try and offload them? That write off is larger than the total loss for the year when they’re struggling against cheaper Chinese EV imports and a tough economy in general.