[Global Network Comprehensive Report] According to Reuters reported on February 21st, Volkswagen Group CEO Herbert Diess pointed out that the biggest threat in 2019 or potential US car tariffs will make the company annual The loss was as high as 2.5 billion euros, accounting for about 13% of the expected return.
Volkswagen CEO Herbert Diess was interviewed by the Financial Times. He said that the biggest threat facing the public in 2019 was the potential automobile tariffs in the United States. In the current situation of becoming tense again, Diss feels very sorry, “because we can’t solve this problem from the auto industry. This is more of a tariff negotiation issue between Europe and the United States.”
Analysts at Evercore ISI believe that Volkswagen is facing tariffs of up to 2.5 billion euros a year (about RMB 19.044 billion), accounting for about 13% of expected earnings. Diss believes that the worst case may be very close to this prediction.
Post time: Feb-25-2019