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Volkswagen's quarterly loss edges past estimates as restructuring pressure mounts

The carmaker kept its full-year forecast and said its plan to cut 100,000 jobs and halve its models must proceed without delay

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Volkswagen reported a third-quarter operating loss of 5.86 billion euros on Thursday as one-time charges and weakness in China deepened its losses while it presses ahead with a restructuring plan.

Revenue fell 6.3% to 75.28 billion euros, and the operating margin was negative 7.8%. A FactSet analyst poll had projected a shortfall of 5.79 billion euros at the operating level, with sales coming in at 78 billion euros, according to The Wall Street Journal.

The quarter carried one-time charges for asset writedowns, along with expenses from the intended divestment of the........

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