Volkswagen AG

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Volkswagen Earnings: Underlying Profitability at Core Brands Far Better Than Expected

Rella Suskin

Jul 25, 2025

Revenue declined 3% in the second quarter, and operating profit fell 29% to EUR 3.8 billion or increased 2% to EUR 5.5 billion excluding tariffs (EUR 1.2 billion), restructuring, and diesel costs. The "brand group core" business realized an operating margin of over 8%, excluding adjustments.

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Volkswagen AG

Volkswagen Earnings: Underlying Profitability at Core Brands Far Better Than Expected

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