Volkswagen AG

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Volkswagen Earnings: Margin Pressure Persists; Management Lowers 2030 Ambitions

Rella Suskin , Andrea Burigana

Mar 10, 2026

Volkswagen’s group sales fell 4.7% in the fourth quarter, reflecting lower volumes in commercial vehicles, progressive brands, and sports luxury brands. Management targets sequential improvement in operating margin from the 2.8% reported in 2025, but lowered its 2030 margin ambitions.

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Volkswagen AG

Volkswagen Earnings: Margin Pressure Persists; Management Lowers 2030 Ambitions

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