The German vehicle concern Volkswagen (VW) – Europe's largest vehicle manufacturer – is lowering its prognosis for 2025. The Trump administration's tariffs are affecting the profit for the company's large American brands – Audi and Porsche.
The sales for the full year are now expected to be in line with the previous year. Previously, the prognosis was for a sales growth of 5 percent.
For the second quarter, VW is reporting an operating profit of 3.8 billion euro, compared to the expected 3.9 billion according to Bloomberg. The sales were 80.8 billion euro, compared to an average prognosis among analysts of 82.2 billion.
