Volkswagen stung by nearly $1B tariff hit, projects $5.8B import tax for the year
Update: 2025-10-30
Description
Volkswagen's profits take a significant hit due to tariffs, with nearly one billion dollars lost in Q3 alone. The company warns that the full-year impact could reach almost six billion dollars, cutting into margins and affecting brands like Porsche. Volkswagen is exploring new strategies, including increasing local production in the US, to mitigate the impact of tariffs. Despite a slight revenue increase, the company posted an operating loss for the quarter.
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