US Tariffs Cut VW Profit as Global Car Industry Faces Reshaping
For decades, Volkswagen has been seen as a benchmark for precision industry and stable German jobs, but US tariffs are now hitting operations in Europe and China. The tariffs are said to cost roughly €4 billion a year, while net profit fell 28% year on year. The situation raises questions about whether this is a specific VW crisis or part of a wider German industrial retreat.