Volkswagen posts €1.3 bln quarterly loss on U.S. tariffs, Porsche losses By Investing.com
Update: 2025-10-30
Description
Volkswagen reports a significant third-quarter loss, with a 1.3 billion euro operating loss, primarily due to U.S. tariffs and strategic changes at Porsche. The company faces potential 5 billion euro tariff costs by 2025 and is focusing on cost-cutting and resource sharing to maintain profitability amid industry shifts and global uncertainties. Despite the setback, Volkswagen remains optimistic, aiming for a 2-3% operating margin and near-equal revenue to last year.
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