Audi Cuts 2025 Outlook as Tariffs, Revamp Weigh on Earnings

Volkswagen AG’s Audi lowered its financial outlook for 2025 as President Donald Trump’s tariffs and the costs of restructuring its operations weigh on the automaker’s earnings.

The Audi group — which also includes Bentley, Lamborghini and motorcycle maker Ducati — now expects an operating return on sales of 5% to 7% this year, from a previous expectation of 7% to 9% after its first-half profitability slumped due to the duties. Parent Volkswagen cut its full-year guidance last week.