Volkswagen reports profit decline in first quarter
Published on April 30, 2026.
German car manufacturer, Volkswagen (VOWG.DE), has reported a 14% decrease in operating profit for the first quarter of the year, largely due to tariff pressures, geopolitical uncertainty, and competition from Chinese brands. The company, which includes subsidiaries of Porsche (P911_p.DE) and Audi, reported an operating profit of 2.5 billion euros ($2.9 billion) for the quarter.
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