VW Group reported its fifth successive year-on-year decline in operating margin for Q1 2025 as reported profit fell by 37% to €2.87bn, dropping the margin by 2.3 points to 3.7%. At a group level the €1.7bn profit decline included a net €1.1bn in non-recurring expenses, including €0.6bn in provisions in connection with CO2 regulation in Europe and €0.4bn for restructuring expenses, mainly in connection with the Cariad software division and the Progressive brand group.
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Subscribe
Already a member?
