Volkswagen CEO: tariffs have cost group billions so far-March 2024-www.financetom.com

Volkswagen CEO: tariffs have cost group billions so far

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Volkswagen CEO: tariffs have cost group billions so far

Sep 8, 2025 12:29 AM

MUNICH, Sept 8 (Reuters) - U.S. tariffs have cost

Volkswagen, Europe's largest carmaker, billions of

euros so far, its chief executive said on Monday.

"Up to now, it's several billion euros on our balance sheet

that this situation costs this year," Oliver Blume told Reuters

during the IAA Munich car show.

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