Volkswagen profits tumble as tariffs weigh on auto industry | Automotive Industry News

Volkswagen reported $1.5bn in losses for the first half of the year due to tariffs imposed by the U.S., revising its operating profit margin forecast to 4-5%. The company, along with GM and Stellantis, faces significant profit hits from these tariffs, prompting calls for a reduction in U.S. tariffs as they navigate tough market conditions and restructuring efforts.

Want More Context? 🔎