The Volkswagen Group’s operating profit fell by 29% in the first half of 2025 off the back of the impact of tariffs on US imports and the restructuring of its workforce.
US import tariffs cost the VW Group €1.3 billion (£1.13bn) in the second quarter of 2025 alone and CEO Oliver Blume said it “cannot assume the tariff situation is temporary”.
The group’s operating profit figure of €3.83bn for the first half of 2025 resulted in an operating margin of 4.2%.
