From Yahoo Finance: 2025-05-02 06:53:00

Volkswagen’s first-quarter operating profit for its core brand group, including VW, dropped by 46.3% due to EU carbon provisions and U.S. tariff-related inventory write-downs. The core brand group’s profit fell to 1.12 billion euros, while VW passenger cars saw an 84.9% decline to 112 million euros. Skoda, Seat, and Cupra are also part of the core brand group.

Volkswagen included a 600-million-euro provision in April for potential fines for missing European carbon emissions targets in its first-quarter results. A new proposal, if approved by the European Parliament, could give automakers three years instead of one to boost sales of low emission vehicles and meet EU emissions targets for cars and vans.

($1 = 0.8820 euros)



Read more at Yahoo Finance: Volkswagen core brand group profit falls on EU carbon provision, US tariffs