Volkswagen posts 14% drop in first-quarter profit on tariff pressure, China competition
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Source: CNBC
Published: 2026-04-30 15:50 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Transport, Asia, China, Financial Markets, Germany, Asia Pacific
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Snippet:
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.
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