Lates News

Several German car manufacturers announced their first quarter financial reports for 2025 on April 30th, local time, which generally showed a significant decrease in profits. The German automotive industry is facing multiple challenges, especially the uncertainty brought by the US tariff policies which has intensified the operating pressure on German car companies. Volkswagen announced on April 30th that its revenue for the first quarter of 2025 increased by nearly 3% compared to the previous year, but its net profit for the first quarter decreased by almost 41% year-on-year. Volkswagen's report pointed out that the increasing uncertainty in the global economic situation, rising trade barriers, and fluctuating raw material prices are putting pressure on the company's profitability. (CCTV)