Audi Q1 Net Profit Falls 11% on US Tariff Hit
Audi's first-quarter net profit dropped 11% to €559 million, impacted by U.S. tariffs that cost the automaker a triple-digit million-euro figure. Deliveries also declined during the period. The company faces ongoing uncertainty from trade policy, particularly in the Chinese market.
Key facts
- Net profit fell 11% to €559 million
- US tariffs caused a triple-digit million-euro hit
- Deliveries declined in Q1
- Uncertainty over tariffs clouds outlook
- China market remains a concern
Entities
Institutions
- Audi
Locations
- United States
- China
Sources
- Quartz —