"As expected, the Volkswagen Group experienced a mixed start to the fiscal year, with a 37% profit drop and varying sales in key markets."
"While VW Group's EV sales rise significantly, they are currently unprofitable, leading to decreased overall profit margins as the company seeks to adapt."
Volkswagen Group reported a challenging first quarter for 2025, showcasing a 37% decline in operating profit compared to last year. Sales dropped in North America and China, although Europe and South America showed signs of growth. Despite increasing electric vehicle sales, they are currently unprofitable and affecting the profit margins negatively. The company is implementing a recovery plan to tackle these challenges amid fluctuating market conditions, particularly emphasizing growth in EVs as it competes with rivals like Tesla.
Read at InsideEVs
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