Volkswagen Reports Progress on Electric Vehicle Momentum Amid Tariff Challenges
At its AGM, Volkswagen highlighted strong growth in electric vehicle deliveries and a major product launch plan with 30 new models. However, profitability was impacted by U.S. tariffs and restructuring costs totaling nearly €9 billion annually. The company is pursuing significant cost reductions to achieve an 8%–10% operating margin target by 2030.