According to the official report, since the beginning of this year, the German concern has earned 2.18 billion euros after tax deduction. Brand leaders associated the records compared to the same period last year with the duties introduced by the American administration.
According to Volkswagen forecasts, the company’s operating profit at the beginning of 2025 was supposed to be 6.5 percent. However, now the leadership of the concern expects that the indicators of the whole year will be on the lower border of the forecast. Thus, the Germans run the risk of issuing one of the worst years in profit in the history of existence.
Volvo in crisis: the company will cut expenses and reduce Tesla employees cannot start the production of unmanned taxi due to the duties of Trump Audi cars stuck in US ports due to duties of Trump
The company’s management blames in the current situation of US President Donald Trump, who introduced 25 percent barracks duties on European goods, which included cars and components for them.
In early April, Volkswagen suspended the supply of cars in the United States. At the same time, the concern was going to increase the cost of its cars available in the American market.
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