Volkswagen sees only minor relief from possible tariff refund, CFO says
Volkswagen's finance chief Arno Antlitz revealed that any U.S. tariff refunds will offer minimal financial benefit. These potential refunds are expected to be in the small double-digit millions. This is a stark contrast to the company's annual ta...
By Reuters |
AP
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Berlin: Volkswagen can expect only minor relief from possible U.S. tariff refunds, finance chief Arno Antlitz said on Thursday.
Also Read: Trump's $166 billion tariff refunds may finally be in sight as first payouts expected by May 11
"Obviously, if we have the chance to get a refund, we have to fight for that. But it's more like a small double-digit million in magnitude," Antlitz said, adding that this compared with annual tariff costs of some 4 billion euros.
Also Read: Trump's $166 billion tariff refunds may finally be in sight as first payouts expected by May 11
"Obviously, if we have the chance to get a refund, we have to fight for that. But it's more like a small double-digit million in magnitude," Antlitz said, adding that this compared with annual tariff costs of some 4 billion euros.
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