{"success":true,"data":{"id":"78c747dd-bc18-49de-97fe-cb30e511fbd1","title":"VW profits plunge and deep job cuts loom amid tough Chinese competition","summary":"Carmaker, which is pushing through cost-cutting programme, expects sales to fall by up to 3% this year Volkswagen has reported a steep fall in profits and cut its revenue forecast amid a sales slump in China, as the German carmaker pushes through a brutal cost-cutting programme that includes slashing up to 100,000 jobs. The world’s second-largest maker of vehicles said it expects sales to fall by up to 3% this year, a dramatic reversal on a previous forecast for a 3% increase on last year’s €321.9bn (£275.3bn), because of a sales slump in the highly competitive Chinese market. Continue reading...","content":"Carmaker, which is pushing through cost-cutting programme, expects sales to fall by up to 3% this yearVolkswagen has reported a steep fall in profits and cut its revenue forecast amid a sales slump in China, as the German carmaker pushes through a brutal cost-cutting programme that includes slashing up to 100,000 jobs. The world’s second-largest maker of vehicles said it expects sales to fall by up to 3% this year, a dramatic reversal on a previous forecast for a 3% increase on last year’s €321.9bn (£275.3bn), because of a sales slump in the highly competitive Chinese market. Continue reading...","source_name":"The Guardian","source_url":"https://www.theguardian.com/business/2026/jul/24/vw-profits-plunge-and-deep-job-cuts-loom-amid-tough-chinese-competition","url":"https://www.theguardian.com/business/2026/jul/24/vw-profits-plunge-and-deep-job-cuts-loom-amid-tough-chinese-competition","author":"Mark Sweney","author_name":"Mark Sweney","published_at":"2026-07-24T10:34:14.000Z","publication_date":"2026-07-24T10:34:14.000Z","image_url":"https://i.guim.co.uk/img/media/c9a7165ffac2121d6c2bd60c520b82661ed892b8/796_27_3661_2932/master/3661.jpg?width=1200&height=630&quality=85&auto=format&fit=crop&precrop=40:21,offset-x50,offset-y0&overlay-align=bottom%2Cleft&overlay-width=100p&overlay-base64=L2ltZy9zdGF0aWMvb3ZlcmxheXMvdGctZGVmYXVsdC5wbmc&enable=upscale&s=9a87db8a2a201c0e45486c2be1ecfb48","category":"world","topic":"world","tags":[],"political_bias":null,"bias_score":null,"confidence_score":null,"credibility_score":null,"factual_quality":null,"reading_time":1,"word_count":98,"view_count":0,"breaking":false,"breaking_news":false,"ai_analysis":null,"fact_check_status":"unverified","archive_status":"hot","language":null}}