Overview

• CEO Oliver Blume said talks with the U.S. government over tax breaks linked to large investments are advanced and described the discussions as very positive.
• Volkswagen is evaluating U.S. production for Audi, with a decision expected by year-end to reduce exposure to import duties.
• The White House has pledged to cut auto import tariffs on EU vehicles to 15% from 27.5%, a change the industry says has not yet been delivered.
• The company has disclosed a €600 million hit to Audi in the first half of 2025 and a €300 million impact to Porsche in April and May tied to the tariffs.
• Blume said Porsche is in a “sandwich position,” pressured by U.S. duties and weaker demand in China.