FRANKFURT (dpa-AFX Broker) - Volkswagen shares remained under pressure on Wednesday following the carmaker's quarterly figures. The price drop on Tradegate recently amounted to 1.2 percent at the Xetra close. This threatens the lowest level in Xetra trading since March 2020.

The entire industry is currently weakening, partly because things are no longer running smoothly in China. This is increasing the pressure on the Volkswagen Group. In addition, the EU's additional tariffs on electric cars imported from China are causing resentment among investors.

In the Wolfsburg-based company's third quarter, restructuring measures that affected the Audi and VW brands had a negative impact, wrote analyst Jose Asumendi from JPMorgan in an initial assessment of the figures. The industry environment is challenging./ajx/mis

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