The working revenue of the Volkswagen Group fell 29% within the first half of 2025 behind the influence of charges on US imports and the restructuring of its workforce.

US import tariffs price the VW Group € 1.3 billion (£ 1.13 billion) within the second quarter of 2025 alone and CEO Oliver Blume mentioned it “can’t assume that the tariff state of affairs is momentary”.

The group’s working revenue price of € 3.83 billion for the primary half of 2025 led to an working margin of 4.2%.