The carmaker joins Stellantis and GM in reporting hits to their profits as tariffs drive up costs for the industry.
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Volkswagen has reported $1.5bn in losses in the first half of the year because of tariffs imposed by United States President Donald Trump.
The German carmaker reported a hit as the company revised its full year sales and profit margin forecasts.
Volkswagen, Europe’s biggest carmaker, now expects this year’s operating profit margin to be 4 percent to 5 percent, compared with a previous forecast of 5.5 percent to 6.5 percent. Full-year sales, earlier seen up to 5 percent higher, are expected to be level with the previous year.
