Volkswagen's first-quarter earnings dropped due to EU carbon provision and US tariffs

From Yahoo Finance: 2025-04-09 14:52:00

Volkswagen’s first-quarter earnings dropped by 40%, falling short of market expectations due to costs for missing EU carbon emissions targets and U.S. tariffs. The company set aside 600 million euros for potential fines and 200 million euros for restructuring at its software unit, impacting operating return on sales. Shares rose 8.2% after a 90-day tariff pause announcement. The European Commission proposed to relax rules to avoid industry fines, pending approval by the European Parliament. Volkswagen confirmed its full-year outlook but excluded the impact of tariffs. ($1 = 0.9113 euros)



Read more at Yahoo Finance: Volkswagen earnings dragged down by EU carbon provision and US tariffs