Volkswagen

Volkswagen has been hit by steep US tariffs and is battling to arrest sliding sales in China and the US.

Volkswagen’s Q1 profit drop spurs further cost-cutting measures

The figure is down by an unexpected 14% to 2.5 billion euros

The carmaker now expects to sell up to 3.2 million vehicles annually in China by 2030, down from a previous target of as many as four million.

VW cuts China sales targets and margins

The downgrade reflects slower structural growth in the world’s largest car market

In January, Volkswagen reported a 2025 net cash flow of six billion euros, a major improvement from a forecast of no cash flow.

Volkswagen stung by tariffs, China battle as profit halves

Its operating profit of 8.9 billion euros misses analysts’ forecast of 9.4 billion euros

Volkswagen has been working with Goldman Sachs Group and JPMorgan Chase on the potential sale of Everllence.

GIC, EQT weigh joint bid for Volkswagen’s 6-billion euro Everllence unit: sources

A potential Everllence sale comes as VW seeks to boost profitability and streamline its sprawling operations

Volkswagen’s two JVs in China held a combined 10.9% share in terms of retail sales, down from 12.2% in 2024.

Volkswagen drops to third in China sales as fast-growing Geely Auto pips it

Legacy foreign carmakers such as Volkswagen have ceded share to Chinese rivals due to a slower shift to EVs

The battery by PowerCo will debut in EVs made by Volkswagen, Skoda and the Cupra brand next year after completing final road tests.

Volkswagen budget cuts force battery unit to seek external funds

PowerCo is considering bank loans, external investors and a potential public offering

Volkswagen’s Chinese factories can make both internal combustion engine vehicles and electric cars and export destinations include South-east and Central Asian countries.

Volkswagen to export Chinese-made cars to more overseas markets

It has no plans to export them to Europe due to a difference in electronic architecture and software technology for smart vehicles

Volkswagen is unwilling to continue pouring billions of US dollars in a market where it has managed to eke out only a 2% market share after nearly two decades.

Volkswagen pares India EV development costs amid hunt for a partner

The spending cuts also reflect growing caution among global carmakers balancing investment between India, China and western markets