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Motor1
Motor1
Sport
Anthony Alaniz

Tariffs Have Cost VW Group $1.5 Billion: 'Negative Impact'

Volkswagen Group has reported its second-quarter financial results, and it’s not good news. Operating profits from April to June were down a whopping 29.4 percent, with the automaker facing increased pressure from the US’s new tariffs. They have cost the company €1.3 billion ($1.5 billion at today’s exchange rate) through the first six months of the year.

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