Volkswagen is hit by Trump tariffs, losing 1.3 billion euros in just six months

According to Deutche Welle, the company has announced that it has made considerable progress in its internal reorganisation é while considering cutting 35,000 jobs by 2030, but that it has undergone a 1.3 billion-euro subx0 change in operating results, largely due to high costs from the US import tariffs increase”.

It becomes known that Volksagen has also lowered the forecast for annual profit, bringing the profit rate between 4% and 5%, given the assumption that the actual tariffs ranging from 10% to the best case of 27.5% in the worst case will become permanent by the American president.

The group, a symbol of the German industry, also produces brands Audi, Seat and Skoda, as well as luxury marks Lamborghini and Bentley, as well as commercial vehicles such as Scania trucks.

Reduced revenues have increased pressure on German Chancellor Friedrich Merz, who is calling on Trump to sign a tariff agreement as soon as possible, including facilities for the EU automotive industry. /Periscopi