Financial News

Porsche AG is resolutely pushing ahead with its strategic realignment in the second half of 2025 in the face of a challenging global environment.

In the first half of 2025, Škoda Auto delivered 509,400 vehicles to customers worldwide, representing year-on-year growth of 13.6%.

The first half of 2025 was primarily impacted by US tariffs and restructuring expenses in connection with the company’s transformation.

In the first half of 2025, the Volkswagen, Škoda, SEAT/Cupra and Volkswagen Commercial Vehicles brands significantly improved sales revenue (+5.0%) to about 72.5 billion euros in a challenging market environment. Despite the adverse impact of significantly higher US import tariffs, it was possible to boost the operating result of the Brand Group Core to 3.46 billion euros. Key factors in this solid result are the rejuvenated product range, improved capacity utilization at the plants, reduced factory costs – and therefore the consistent implementation of the agreed restructuring initiatives.

The first six months of 2025 presented a challenging landscape for SEAT S.A., as reflected in the company’s H1 financial results.

The Volkswagen Group has published its half-year figures for 2025.

In an uncertain market environment in the first half of 2025, the TRATON GROUP reported a decrease in sales revenue of 6% to €21.9 billion (H1 2024: €23.4 billion), primarily due to lower unit sales. Positively, TRATON Financial Services strengthened the Group's sales revenue in connection with a further increase in its portfolio. Adjusted operating result declined by €750 million to €1.4 billion (H1 2024: €2.1 billion), and adjusted operating return on sales fell to 6.3% (H1 2024: 9.1%). The main reason for this was the decline in sales revenue combined with a lower capacity utilization in truck production. Moreover, currency effects, especially the appreciation of the Swedish krona, affected the operating result and the operating return on sales.

On July 9, 2025, the Volkswagen Group published its delivery figures for the first half of 2025.

A change is taking place among the shareholder representatives on the Supervisory Board of Volkswagen Aktiengesellschaft. Marianne Heiß has stepped down with effect from July 4, 2025. She is to be succeeded by Susanne Wiegand with effect from July 5, 2025. This change was announced by the company in Wolfsburg on Friday.

Gunnar Kilian will be leaving Volkswagen AG’s Group Board of Management with immediate effect. His current area of responsibility, Human Resources, will be taken over by Thomas Schäfer until further notice. The Group Supervisory Board adopted this resolution on Friday. This became necessary due to differing views on how holding companies should be managed.

At the Annual General Meeting of Volkswagen AG, the shareholders followed the proposal of the Board of Management and Supervisory Board and resolved by a large majority to pay a dividend of EUR 6.30 per ordinary share and EUR 6.36 per preference share for the 2024 financial year. This corresponds to a payout ratio of around 30 per cent. Volkswagen’s preference shares yielded 7.1 percent based on the year-end closing price.

The sales revenue of the Volkswagen, Škoda, SEAT/Cupra and Volkswagen Commercial Vehicles brands rose significantly in the first quarter of 2025, totaling some 35.3 billion euros. There was strong growth in deliveries of all-electric models. At the same time, provisions in connection with CO₂ regulations in Europe as well as the diesel issue impacted the operating result, which decreased to 1.12 billion euros in the first quarter. Inventory write-downs in connection with the import duties announced by the United States also had an adverse effect on the result.

The Volkswagen Group has published its financial results for the first quarter of 2025.

The Volkswagen Group is continuing to consistently pursue its ‘In China, for China’ strategy and is shifting into ‘delivery mode’ at Auto Shanghai 2025: on the eve of the world's leading trade fair for the automotive industry, the Group is presenting ten new models from its strong brands, including five world premieres. With the ID. ERA, ID. EVO and ID. AURA, three concept vehicles from the Volkswagen brand are making their debut. They represent a new generation of intelligent, fully connected electric vehicles (ICVs) that are tailored to the wishes of Chinese customers. The two further world premieres also offer cutting-edge technologies and highly automated driving assistance functions: Audi's new all-electric model based on the PPE (Premium Platform Electric) platform, the Audi A6L e-tron, and the first series model of the new AUDI brand, the AUDI E5 Sportback.

As expected, the TRATON GROUP got off to a slow start in 2025. In the first quarter of 2025, lower unit sales were recorded in a challenging market environment. Based on preliminary figures, a total of 73,100 vehicles were delivered to customers in the first quarter of 2025, 10% less than in the prior-year quarter. In the same period of the previous year, the TRATON GROUP had still benefited from a high order backlog. By contrast, unit sales for all-electric vehicles rose sharply.

On April 09, 2025, the Volkswagen Group published the deliveries for January to March 2025.

Porsche AG ended the 2024 financial year with a robust result in a challenging environment. The sports car manufacturer marked record sales in four out of five regions of the world, as well as strong automotive net cashflow, which almost reached the record levels of 2023.

On March 11, 2025, the Volkswagen Group will publish the Full Year Results 2024.

The TRATON GROUP increased its sales revenue in 2024 by 1% to €47.5 billion (2023: €46.9 billion) in a market environment that was difficult at times and despite marginally lower unit sales. A favorable market and product mix and better unit price realization in the industrial business (TRATON Operations) supported the sales revenue. Thanks to the increased portfolio volume, the TRATON Financial Services segment lifted its sales revenue by 22% to €1.9 billion (2023: €1.6 billion).

Following intensive negotiations between Volkswagen AG, IG Metall and the Works Council, a joint agreement entitled ‘Zukunft Volkswagen’ [Future Volkswagen] has been concluded. The company and the Works Council are thereby jointly positioning Volkswagen AG for sustainable success. To this end, the company is realigning production capacities at Volkswagen AG's German locations. To this end, the company is realigning production capacities at Volkswagen AG's German locations. It is creating the conditions for a reduction in labour costs of €1.5 billion per year at the collectively agreed level with an agreement on the company wage settlement until 2030. The short-term reduction in labour costs and the agreed structural measures through capacity reduction and a decrease in development costs will lead to cost savings of over €4 billion per year in the medium term. In addition, a reduction in capacity of 734,000 units across the German plants is planned. This will enable Volkswagen AG to lay the foundation for important investments in future products through to 2030. The structural realignment of the company at an operational and collective level will create the conditions for achieving the return-on-sales target for the Volkswagen Passenger Cars brand in the medium term.