News
U.S. Import Taxes Cost Volkswagen €1.3 Billion In Losses
There are major financial setbacks and enormous financial setbacks. The Volkswagen Group reports one in the latter category. The company is losing over a billion euros in revenue
During the presentation of the half-year figures, the Volkswagen Group reported that American import duties cost the concern a whopping € 1.3 billion in the first six months of this year.
Profit in the first half of the year was almost 40 percent lower than in the same period last year. Under the heading “net profit,” the Volkswagen Group recorded a figure of just under €4.48 billion. This compares to nearly €7.3 billion in the first half of 2024.
Revenue reached an unfathomable sum of 158 billion, slightly less than a year earlier.
-
Celebrities Auto1 week agoThrowback: When KC Luxury Boasted Of Being The Only Person In The World To Own Two Rare Mercedes-Maybachs
-
News7 days agoAndrew Tate’s Lawyers Claim His Famous Bugatti And Aston Martin Are Rented
-
Car Theft3 days agoOyo Police Bust Trans-National Car Theft Syndicate, Recover Stolen Lexus RX 350
-
News4 days ago1997 Cadillac DeVille d’Elegance: Why Dolly Parton Donated Her Favorite Car After 10 Years
-
News1 week agoThe Tesla Cybercab Has Begun Transporting Passengers In Austin Texas
-
News2 days agoPutin Test-Drives Chinese-Designed Volga K50 Built At Former Volkswagen Plant
-
Celebrities Auto5 days agoBurna Boy Lifts ₦1.6B Ferrari Testarossa Into His 26th Floor Penthouse
-
News1 week agoInnoson G80 SUV Steals The Show As Nigerian Army Garrison Commander Visits FCT Police