The German automobile concert Volkswagen (VW) increased its income by 3%in the first quarter of 2025. The publication writes about this Bloomberg.
Due to high production costs and the impact of US duties, the company’s profit fell by 40%in the first quarter of the year.
In the reporting quarter, the VW operating profit was 2.87 billion euros against 4.55 billion euros compared to the previous year. Business profitability fell to 6% to 3.7%.
At the beginning of April reportedVolkswagen suspended the supply of cars from Mexico to the United States from Mexico to the United States due to the introduction of new tasks by Donald Trump administration.
US President Donald Trump signed Since April 3, the order of 25 percent task to the import of cars, light trucks and automobile parts.
Previously reportedIn 2025, automobile sales in Russia will decrease by 20%.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.