Volkswagen EV Sales Surge Is Weighing on Its Profits

Volkswagen sold 209,100 EVs globally last quarter, up 19.6% year-over-year, but lower margins on electric cars are hurting earnings. The group's operating return on sales was 3.8% after nine months, and it posted a $6.6 billion quarterly operating loss.

• EV sales rose 19.6% to 209,100 units last quarter
• Operating return on sales was 3.8% after nine months
• Group posted a $6.6 billion operating loss in Q3
• One-off charges and writedowns reached about $9 billion