Porsche's profit slid more than 20% as weak sales weighed on results

The Volkswagen subsidiary delivered 15% fewer vehicles in the first quarter and took a €200 million hit from U.S. import tariffs

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Porsche reported a 22% drop in first-quarter operating profit, as falling vehicle deliveries continued to pressure the Volkswagen subsidiary's finances.

Group operating profit came in at €595 million for the January-to-March period, down from €762 million a year earlier, the company said. After-tax earnings dropped to €391 million, a 24.6% decline from the €518 million Porsche posted in the year-earlier period, Yahoo Finance reported. Revenue declined 5.2% to €8.4........

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