VW Lowers Outlook as US Tariffs Weigh on Audi, Porsche Margins
Volkswagen AG reduce its monetary outlook for the 12 months, with the escalating value of President Donald Trump’s tariffs weighing on earnings on the Audi and Porsche manufacturers. The automaker now sees an working return on gross sales as little as 4%, from at the least 5.5% beforehand. Volkswagen cited the US duties, inside restructuring … Read more