Volkswagen Group profits have plummeted 29% so far this year
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The Volkswagen Group's operating profit fell by 29% in the first half of 2025, off the back of the impact of tariffs on US imports and the restructuring of its workforce.
US import tariffs cost the VW Group €1.3 billion (£1.13bn) in the second quarter of 2025 alone and CEO Oliver Blume said that it 'cannot assume the tariff situation is temporary'.
The Group's operating figure of €3.83bn for the first half of 2025 resulting in an operating margin of 4.2%.
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