Overview

• Porsche's operating profit fell by 40.6% to €760 million in Q1 2025, with revenue decreasing by 1.7% to €8.86 billion, leading to a lowered full-year revenue forecast of €37–38 billion.
• Volkswagen's net profit dropped 41% to €2.19 billion despite a 3% rise in revenue, while the company faces challenges in China and higher losses in its battery division.
• Mercedes-Benz reported a 43% profit decline to €1.73 billion and a 7% revenue drop to €33.2 billion, citing reduced sales in China and uncertainty over U.S. import tariffs.
• Porsche increased its 2025 projected costs for high-performance battery production from €0.8 billion to €1.3 billion, reflecting elevated investment in electrification.
• All three automakers highlighted ongoing geopolitical and market uncertainties, with U.S. tariffs and fierce EV competition in China weighing heavily on their financial performance.