Audi Cuts Profitability Guidance Again

Audi group cut its full-year margin guidance again as U.S. tariffs, restructuring costs and the postponement of an electric-vehicle platform weigh on profitability at the German automaker.

“We are responding to the challenging overall economic situation and intensified competition with stringent cost control measures and are continuing to work on our financial performance,” Audi Chief Financial Officer Juergen Rittersberger said. “At the same time, we are making our business model future-proof and resilient.”