Volkswagen warns that its future is at risk without further cost cuts, as profits fell 28% to €1.56 billion amid geopolitical tensions and competition. CFO Arno Antlitz emphasizes the need for a fundamental change in the business model and plans to cut 50,000 jobs by 2030. Sales in China are declining, and the company faces additional costs from US tariffs. Overall sales growth is forecasted between 0% and 3% by 2026.