Volkswagen's profits fall 40% over US tariffs, missing EU carbon emission targets

Tariffs loom over Quebec’s ADF Group as stock value crashes on lower sales, profit warnings

The company had reported growth in revenue and earnings for its fiscal year ended Jan. 31, but those results are overshadowed by Trump’s trade policy

The current turbulence is said to have nothing to do with Trump.

Volkswagen earnings dragged down by EU carbon provision and US tariffs

Volkswagen's first-quarter earnings fell far short of market expectations, plunging about 40%, as Europe's biggest carmaker factored in costs for penalties of missing EU carbon emissions targets and for cars affected by U.S. tariffs.

Volkswagen's profits fall 40% over US tariffs, missing EU carbon emission targets

The tariff impact came about since most of the brand's US sales is cars made in Mexico, with its Audi and Porsche brands also having no US manufacturing bases.

VW quarterly results fall on US tariffs, EU carbon rules

Volkswagen said the uncertainty caused by US President Donald Trump's tariffs was among the factors leading its operating results to plunge to €2.8 billion in the first quarter from €4.6 billion last year.

Expectations on the market were higher, but special effects burden the operating profit of Europe's largest car manufacturer in the first quarter.