Volkswagen experienced a decline in operating result of 1.3 billion, largely due to increased US import tariffs, costing the company more than 1 billion in the first half. The company reduced its profit margin prediction to between 4% and 5% based on assumptions of permanent tariffs ranging from 10% to 27.5%. German car exports to the US fell 13% in April and 25% in May, severely impacting sales. Other automakers, including Stellantis and Volvo, also reported revenue declines due to Trump's tariffs.
Volkswagen reported a decline in operating results by 1.3 billion due to increased US import tariffs, incurring costs over 1 billion in the first half of the year.
The profit margin range for Volkswagen has been reduced to between 4% and 5% for the year, anticipating tariffs of between 10% and 27.5% may become permanent.
German car exports to the US fell sharply, with a 13% decrease in April and a 25% decrease in May, harmed by the tariffs imposed by Trump.
VDA stated that 64,300 vehicles were shipped to the US over both months, highlighting the significant impact of tariffs on automakers in Germany's leading market.
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