Volkswagen Alemán Giant Volkswagen 37% falls into the profits of the first quarter

German motor giant Volkswagen On Wednesday he informed a substantial fall in the first quarter earlings while the car manufacturer navigates the disruptive impact of us tariffs on the global automotive industry.

The largest car manufacturer in Europe reported an operational gain of 2.9 billion euros ($ 3.3 billion) during the first three months of the year, 37% less than the same period last year.

Volkswagen reported sales of the first quarter of 77.6 billion euros, 2.8% more than the first quarter of 2024. The company cited higher sales of vehicles in markets outside China as a support of the increase.

Earlier this month, Volkswagen warned That operational gain of the first quarter would probably reach 2.8 billion euros, citing special effects in the magnitude of 1,100 million euros.

In an ad hoc statement on April 9, the company acknowledged that the preliminary result of the first quarter was significantly diverted from the expectations of analysts of around 4 billion euros.

“As expected, the Volkswagen Group experienced a mixed start in the fiscal year,” said Arno Antlitz, financial director and operations director of Volkswagen Group, in a statement.

“Given the current global volatile economic situation, it is even more important to focus on the levers within our control. This means complementing our large range of products with a competitive cost base, so we can make sure we also succeed in global markets that change quickly,” said Antlitz.

Volkswagen published operational profits from 4.59 billion euros For the first quarter of 2024 and 6.15 billion euros for the last three months of 2024.

The results occur when car manufacturers face uncertainty regarding automotive rates in the course of the president of the United States, Donald Trump.

It is known that the sector is acutely vulnerable For Trump’s round trip policy, particularly given the high globalization of supply chains and the great dependence on manufacturing operations in North America.

Volkswagen’s actions increase almost 10% in the year they will be held.

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