Volkswagen cuts guidance after taking $1.5 billion hit from U.S. tariffs in first half
Publishing timestamp: 2025-07-25 11:49:41
Summary
Volkswagen's second-quarter profit dropped sharply due to high costs from increased U.S. import tariffs, leading to a lowered full-year guidance. The automaker reported a 29% decrease in operating profit and missed analyst expectations for sales revenue. The impact of U.S. tariffs alone cost the company 1.3 billion euros in the first six months of the year. Despite struggles in the export market, Volkswagen has been able to ramp up electric car sales in its home market of Europe.
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Keywords: germany, volkswagen ag, donald trump, business news, transportation, business, autos, earnings, donald j. trump, breaking news: europe,