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The Group has maintained a "solid" performance despite a challenging global environment, though it faces pressure on operating margins [12, 16]. : 2025 : €321.9 billion (steady compared to 2024) [19]. 2024 : €324.7 billion (slight increase from 2023) [16]. Operating Result : 2025 : €8.9 billion (a 53% decrease from 2024) [19]. 2024 : €19.1 billion (15% below 2023) [16]. Operating Margin : 2025 : 2.8% (down from 5.9% in 2024) [19].

: Higher fixed costs and adverse effects from U.S. tariffs [12, 28]. vw.zip

: Order intake for all-electric vehicles in Western Europe surged by 88% in 2024 [16]. The Group has maintained a "solid" performance despite