VW H1 operating profit falls 11.6% on US ID.4 exit, China slump

Volkswagen Group reported first-half operating profit of €5.93bn, representing an 11.6% decline from the prior year, as the automotive manufacturer navigated what it characterized as a demanding operating environment. Sales revenue for the period decreased marginally by 0.2% to €158.10bn, while operating return on sales contracted to 3.8% from 4.2% in the comparable period.
The company attributed the €0.8bn profit decline primarily to approximately €0.5bn in costs associated