(FILES) Volkswagen (VW) employees, one with an IG Metall bag, attend a rally to protest against restructuring and mass job cut plans at the VW headquarters on July 9, 2026 at the Wolfsburg Volkswagen Plant in Wolfsburg, northern Germany. Volkswagen said on July 24, 2026 that its net profit plunged in the second quarter as the crisis-hit carmaker, weighing up to 100,000 job cuts worldwide, grapples with declining sales in China. Net profit for the three months to the end of June came in at 1.54 billion euros ($1.75 billion), the 10-brand group said, a fall of 32.9 percent on the same period last year. (Photo by Lisi Niesner / POOL / AFP via Getty Images)