Volkswagen reports first-half $1.5-billion tariff hit, looks to accelerate cost-cutting efforts

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Volkswagen reports first-half $1.5-billion tariff hit, looks to accelerate cost-cutting efforts

theglobeandmail.com/business/article-volkswagen-reports-first-half-15-billion-tariff-hit-looks-to

Volkswagen VWAGY reported a €1.3-billion (US$1.5-billion) first-half hit from tariffs and cut its full-year sales and profit margin forecasts in the German carmaker’s first assessment of the damage from U.S. President Donald Trump’s trade war.
Global automakers have booked billions of…

This story appeared on theglobeandmail.com, 2025-07-25 18:02:31.