Frankfurt, Germany, April 30, 2026 (AFP) - Struggling German auto giant Volkswagen's profits plunge

NAMPA / AFP
2026-04-30
Volkswagen on Thursday reported another big drop in quarterly profits as the struggling German auto giant battles challenges from the US tariff blitz to fierce Chinese competition. The 10-brand group said net profit from January to March plunged 28 percent to 1.56 billion euros ($1.8 billion) with sales down over two percent to 76 billion euros. Analysts surveyed by financial data firm FactSet had forecast net profit of 1.76 billion euros and re......
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