VW’s Audi cuts full-year outlook, citing tariffs and restructuring

(Reuters) -Volkswagen’s premium brand Audi on Monday cut its its full-year guidance, citing the impact of higher U.S. import tariffs and restructuring expenses.

The company now expects revenue between 65 billion euros ($76 billion) and 70 billion euros, down from a previous range of 67.5 billion to 72.5 billion, and an operating margin between 5 and 7%, down from a previous range of 7 to 9%.

Audi said it is still assessing the implications of the recently concluded tariff agreement between Washington and the European Union.

($1 = 0.8535 euros)

(Reporting by Christina Amman and Amir Orusov, Editing by Rachel More)