Volkswagen stock faces labor pressure ahead of October 29 results

Published on 10/04/2026 at 18:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Volkswagen stock was last at EUR 67.48 on October 2, while labor agreements became a new cost-cutting flashpoint. H1 operating profit fell 11.6 percent.

Isometrisches 3D-Diorama eines Fließbands mit Autos und Roboterarmen — Volkswagen AG Vz (DE0007664039) – Isometrisches Low-Poly-Diorama zeigt Fließband mit Karossen und Roboterarmen, Illustration mit AI erstellt.

Volkswagen (ISIN DE0007664039) was last at EUR 67.48 on Xetra on October 2, 2026, down 0.79 percent from the prior close. The stock is heading into a key labor dispute after management terminated several collective agreements in Germany, according to DW on October 2, 2026.

Labor costs add pressure

The decision forms part of a broader cost-cutting drive that includes 50,000 additional global job reductions, with roughly half potentially affecting Germany, DW reported. The issue matters because Volkswagen's first-half operating result already fell to EUR 5.9 billion from EUR 6.7 billion in the same period of 2025.

Volkswagen's investor relations page reports H1 2026 revenue of EUR 158.1 billion, compared with EUR 158.4 billion in H1 2025, and an operating margin of 3.8 percent. Vehicle deliveries reached 4.0 million, down 8.4 percent year over year, according to Volkswagen Group.

Battery strategy stays active

The company is also pursuing a longer-term battery strategy. Reuters reported on September 28, 2026, that Gotion plans to invest EUR 1.1 billion for a 49 percent stake in Volkswagen's Valencia battery plant, while PowerCo plans to invest EUR 470 million in two Gotion sites.

The planned ventures cover Valencia, Slovakia and Morocco, and Volkswagen agreed to sell a 5.3 percent stake in Gotion while remaining a strategic investor, according to Reuters.

Analyst target remains higher

The consensus published by MarketScreener on September 21, 2026, was Outperform from 20 analysts, with an average price target of EUR 105.22. That target lies 55.9 percent above the EUR 67.48 Xetra price, making the gap substantial even as labor costs and weaker deliveries weigh on the near-term picture.

Volkswagen stock awaits October results

Volkswagen was last at EUR 67.48 on Xetra on October 2, 2026, with a 52-week range of EUR 67.38 to EUR 109.15 and market capitalization of EUR 33.8 billion. The next results will show whether the group can offset volume pressure with its cost program and battery investments.