Volkswagen first quarter operating profit falls 14 percent
Volkswagen reported a first quarter operating profit of 2.5 billion euros. The 14 percent decline came amid tariff pressures and stiff competition from China.
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Volkswagen reported a 14% decline in first-quarter operating profit to 2.5 billion euros ($2.9 billion) on Thursday. The result missed Visible Alpha analyst estimates of 2.9 billion euros, which projected profit would remain largely flat. Rising competition in China and global tariff pressures are eroding margins for the Germany-based automaker. ($1 = 0.8576 euros)
