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The American flag flies over the Volkswagen logo, which is displayed in the Volkswagen dealership on April 4, 2025 in Posaden, California.
Mario Tama | Getty Images | Gets the image
German Auto Giant Volkswagen Wednesday reported a significant drop in profits in the first quarter when car manufacturer moves by devastating influence We are tariffs for the world automotive industry.
Europe’s largest car manufacturer has announced a profit of 2.9 billion euros (3.3 billion dollars) in the first three months of the year, which is 37% compared to the same period last year.
Volkswagen reported sales earnings primarily € 77.6 billion, which is 2.8% more than in the first quarter of 2024. The company referred to higher vehicles in the markets outside China as underlying increasing.
Previously this month Volkswagen prevent This income in the first quarter is likely to be 2.8 billion euros, citing special effects of 1.1 billion euros.
In a special statement on April 9, the company acknowledged that the previous result of the first quarter was significantly deviated from the expectations of analysts about 4 billion euros.
“As expected, the Volkswagen group survived the ambiguous start of the financial year,” Arno Antitz, Chief Financial Director and Chief Operational Director Volkswagen Group said in a statement.
“Given the current flying global economic situation, it is even more important to focus on the levers in our control. This means the complement of our large range of products with the competitive costs – so we can also ensure success in the rapidly change world markets,” said Antlitz.
Volkswagen posted operating income 4.59 billion euros For the first quarter of 2024 and 6.15 billion euros In the last three months of 2024.
The results come when manufacturers face uncertainty about the constant authors of the US President Donald Trump.
As is known in the sector acutely vulnerable Trump’s trade policy, especially given the high globalization of supply networks and great dependence on production operations across North America.
Volkswagen’s stock increased by almost 10%.
This is conducting the news. Please update updates.
