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Euronews
Euronews
Indrabati Lahiri

Volkswagen Group sees plunge in performance as US tariffs pose risks

United States Arno Antlitz The Volkswagen Group Volkswagen

German automaker Volkswagen AG reported first quarter earnings on Wednesday, with its operating profit plummeting around 37% year-on-year to €2.9 billion, as the company continues to deal with the impact of US tariffs. 

Sales revenue edged up 3% to €78bn in the first quarter of this year, compared to the same period in 2024.

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