Volkswagen Group will look to cut costs across its operations as it announced a fall in profits for the first half of 2026. In a statement, Volkswagen Group CEO Oliver Blume said that the Group was working within a ‘challenging environment’ and that it would look to implement ‘disciplined cost management’. Globally, we delivered more cars than in the previous year – excluding the Chinese market, which slumped by 20 per cent.” It follows a move by Volkswagen Group earlier in the month to reduce complexity across its portfolio, streamlining line-ups by up to 50 per cent in an effort to focus on more lucrative segments. Arno Antlitz, CFO and COO Volkswagen Group, added: Despite such progress, our operating margin of 3.8 per cent remains too low and underlines the call to action.