US Edition7 Articles
7 Articles
The German company faces a complicated scenario also in China and Europe, but the North American market is the hardest hit
The US tariffs also significantly pushed the profit at VW down. Now the Group wants to go on the offensive.
Following the VW Group's second-quarter profit slump, CEO Oliver Blume blames geopolitical crises and tariffs for the poor figures. "The world is out of balance: geopolitical crises, wars, tariffs. This affects the entire industry – and us too," Blume told "Bild am Sonntag." "But we are already successfully counteracting this." According to Blume, if the negative effects of tariffs and restructuring were eliminated, the figures wouldn't be so ba…
Volkswagen Cuts 2025 Forecast After U.S. Tariffs Slash €1.3 Bn from Earnings
Volkswagen, Europe’s largest automaker, has revised its financial outlook for 2025 downward following a significant €1.3 billion ($1.5 billion) hit to its first-half earnings attributed primarily to escalated U.S. import tariffs. The company reported a 33% drop in its operating result for the first six months, falling to €6.7 billion, while sales revenue remained flat at €158.4 billion compared to the previous year. This adjustment comes amid br…
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