Volkswagen workers are resisting plans to cut a further 50,000 jobs - Jens SCHLÜTER / AFP via Getty ImagesVolkswagen's profits have crashed by a third as its boss warned the carmaker faced "unprecedented risk". VW profits plunged 32.9pc in the second quarter compared with a year earlier. At the same time, it warned sales were no longer expected to grow this year and predicted they could even fall by 3pc. VW said profits for the three months to the end of June were €1.5bn (£1.3bn), down from €2.3bn during the same period in 2025. Members reportedly rejected his restructuring plan by 12 votes to seven this month amid major demonstrations by workers.