Volkswagen posts 14% drop in first-quarter profit on tariff pressure, China competition

A Volkswagen logo at the back of an ID.7 electric car at the Volkswagen electric car factory on February 24, 2026 in Emden, Germany. Focke Strangmann | Getty Images News | Getty Images German auto giant Volkswagen on Thursday reported weaker-than-expected first-quarter profit, citing higher U.S. tariffs and intensifying competition from Chinese car brands. …