Volkswagen AG reported a first-quarter operating margin of 3.3%, down from 3.7%
and below expectations, citing tariffs and one-off charges. CFO Arno Antlitz
said the result was “far too low,” as the company seeks further cost cuts and
efficiency gains. VW plans to downsize global operations amid declining sales in
the US and China and rising competition from Chinese automakers. Key brands
Porsche and Audi are under pressure due to setbacks in electric vehicle
strategies and software delays, while US tariffs continue to weigh on
profitability.
