Interim Report & 9M Results 2026

“The nine-month results make one thing clear: We cannot afford to lose any time and must act quickly and decisively. We are bringing exciting vehicles featuring state-of-the-art technology to market. We are leading the way in electric mobility in Europe. Electric vehicles account for 40 percent of our order bank. Our Electric Urban Car Family, with 150,000 orders, is making a major contribution to this. At the same time, US tariffs weigh on us, the Chinese market is shrinking, and competitive pressure in Europe is increasing significantly. The market success of our electric vehicles is putting additional pressure on our earnings, as we currently earn less from electric vehicles than from combustion-engine vehicles. After nine months, our operating return on sales before special items stands at 3.8 percent. That is too low to continue investing strongly in our future. With our Future Plan, we have defined the key measures to sustainably improve our profitability: a streamlined model range, simpler structures, improved vehicle costs, lower overhead costs, greater efficiency in our plants, and faster technology development. Together, these form a comprehensive cost program of around 31 billion euros. What matters now is swift and consistent implementation.”