Volkswagen faces €1 billion loss as tariffs, Porsche hit earnings

Volkswagen faces €1 billion loss as tariffs, Porsche hit earnings

Volkswagen reported 1.07 billion euros quarterly loss, its first in five years, as US tariffs, Porsche's electric shift issues, and China's competition weighed on profits. The German automaker faces added pressure from a global chip shortage and costlier trade barriers, though revenues rose slightly to 80.3 billion euros amid global market challenges.

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