Audi reported a dramatic 91% decline in its operating profit for Q3, attributing the plunge to rising costs linked to the closure of its Brussels plant and a 16% drop in car sales. The company set aside over 1.2 billion euros in reserves due to the plant’s impending shutdown, affecting around 3,000 workers. Despite the downturn, Audi maintains its financial forecasts, projecting a revenue decline from 70 billion euros to 63-68 billion euros for the year. The company’s profit after taxes fell by nearly 47% to 2.4 billion euros, prompting hopes for recovery through new models by 2025.

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