Volkswagen sinks to €5.9 billion loss as China woes deepen

BERLIN, Germany: Volkswagen recorded its steepest quarterly loss in more than a decade as a writedown on its Porsche stake and weakness in China intensified pressure on the…

BERLIN, Germany: Volkswagen recorded its steepest quarterly loss in more than a decade as a writedown on its Porsche stake and weakness in China intensified pressure on the automaker to push ahead with sweeping restructuring. The world's second-largest carmaker reported an operating loss of €5.9 bi