Volkswagen pauses electric Golf after biggest loss since Dieselgate

Volkswagen has paused development of the all-electric Golf at its Wolfsburg plant as it races to cut costs. VW Group posted a third-quarter operating loss of €5.9 billion, its largest since the 2015 Dieselgate scandal, hit by a Porsche stake write-down, weak China sales and thin EV margins. An internal memo said Wolfsburg is about €300 million short of savings targets.