Volkswagen has reported a steep decline in third-quarter profits, down 64% year-on-year, as the company grapples with increased competition and potential plant closures in Germany. The automaker's net profit fell to 1.58 billion euros, amid a challenging market marked by sluggish demand in China and rising pressure to restructure. Employee representatives express concern over plant closures, revealing tensions as the company seeks urgent cost-cutting measures. The decline in vehicle sales, particularly in China, coupled with high fixed costs, underscores the pressing need for Volkswagen to enhance its operational efficiency and competitiveness.