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2025-07-29 23:47:00
Tariffs impact German automaker Audi, causing profits to drop by over 30% in the first half of this year. As Germany's most prominent pillar industry, the automotive industry has been particularly impacted by US tariffs. Audi, the German automaker, released its financial report for the first half of 2025 on July 28th, showing that the company's after-tax profits fell by over 30% year-on-year due to the US tariffs on cars imported from the EU. The report showed Audi's after-tax profits for the first half of the year were €1.346 billion, a year-on-year decrease of 37.5%. Audi's Chief Financial Officer, Jürgen Rittersberger, cited increased US tariffs and restructuring costs as the primary reasons for the profit decline. He noted that US tariffs have already cost the company approximately €600 million. Audi's global vehicle deliveries fell by approximately 6% year-on-year in the first half of the year. Audi's parent company, Volkswagen Group, recently released its financial report stating that US tariffs incurred additional costs of approximately €1.3 billion in the first half of the year, with operating profits down 33% year-on-year.
