Volkswagen's Quarterly Profits Plummet, Partially Attributed to US Tariffs
2025-04-10 / Read about 0 minute
Author:小编   

On April 10, Volkswagen disclosed that the unpredictability stemming from the tariff measures enacted by US President Trump was a key factor contributing to the steep decline in its first-quarter operating profit. Precisely, profits plummeted from 4.6 billion euros in the corresponding period last year to 2.8 billion euros, significantly undercutting market projections of 4 billion euros. To mitigate the uncertainties posed by Trump's tariff policy, Volkswagen has halted railway transportation of vehicles from Mexico and will temporarily hold vehicles arriving from Europe at the port. Despite affirming its full-year sales growth forecast of 5% and an operating sales return rate of between 5.5% and 5.6%, the company clarified that these projections do not account for the potential impact of tariffs, as it is premature to gauge their full effect at this juncture. Moreover, the precise ramifications of Trump's decision to suspend certain tariffs for 90 days, announced on Wednesday evening, remain uncertain.