(FILES) The illuminated VW Logo is pictured in the customer centre at the headquarters of German carmaker Volkswagen (VW) in Wolfsburg, central Germany, on November 21, 2025. 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 Ronny HARTMANN / AFP via Getty Images)