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Volkswagen warns of deeper cuts as first quarter profit slides

Volkswagen must fundamentally overhaul its business as tariffs, geopolitical shocks and ‌weak car demand batter the industry, the automaker said on Thursday, with a sharp first-quarter profit drop underscoring the urgency.

BERLIN, April 30 (Reuters) – Volkswagen must fundamentally overhaul its business as tariffs, geopolitical shocks and ‌weak car demand batter the industry, the automaker said on Thursday, with a sharp first-quarter profit drop underscoring the urgency… [1990 chars]

Source: Reuters | Published: 2026-04-30T05:39:54Z

Credit: Reuters

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