WOLFSBURG, Germany (March 10): Volkswagen is in ‌for another tough year dominated by tariffs and the battle to win back China, after Europe's largest carmaker reported a slump in operating profit on Tuesday and forecast only a modest recovery for ​its dwindling margin. Like its rivals, Volkswagen has contended with pressures across major ​markets, with U.S. tariffs costing the company billions and local competition eroding ⁠its share in China, the world's biggest car market. Shares in Volkswagen and Porsche AG have significantly underperformed the broader European auto index under Oliver Blume. "But the operating margin of 4.6% adjusted for restructuring ​is not ⁠sufficient in the long run," he said, adding that Volkswagen would continue to rigorously reduce costs. Its operating margin fell to 0.3% after 14.5% in 2024.

Source: The Edge Markets March 10, 2026 07:44 UTC