Affected by U.S. tariffs, EU carbon emission regulations, and restructuring, Volkswagen's quarterly profits have significantly declined

Volkswagen's operating profit in the first quarter fell from €4.6 billion in the same period last year to €2.8 billion, significantly below the market expectation of €4 billion. The main reasons include uncertainty over U.S. tariffs, provisions for European carbon emission regulations, and costs related to the restructuring of the software division. Although the company confirmed its forecast for a 5% increase in annual sales, it did not take tariff impacts into account. Revenue in the first quarter grew by approximately 3%, reaching €78 billion