The German company Volkswagen announces losses totaling 5.8 billion euros ($6.5 billion) during the third quarter of this year, in light of increased competition from Chinese companies. The largest car manufacturer in Germany recorded losses of slightly more than 1.07 billion euros in the corresponding period last year.

The German company Volkswagen announces losses totaling 5.8 billion euros ($6.5 billion) during the third quarter of this year, in light of increased competition from Chinese companies. The largest car manufacturer in Germany recorded losses of slightly more than 1.07 billion euros in the corresponding period last year.