financetom
Business
financetom
/
Business
/
VW to receive lower rate on Cupra Tavascan under planned EU tariffs, source says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
VW to receive lower rate on Cupra Tavascan under planned EU tariffs, source says
Aug 20, 2024 3:24 AM

BERLIN, Aug 20 (Reuters) - Volkswagen is due

to receive a lower tariff of 21.3% on its Cupra Tavascan,

produced by the SEAT brand in China, under planned duties by the

European Commission on China-made cars, a source close to the

matter said on Tuesday.

The agreement is an early compromise by Brussels on tariffs

which have been strongly opposed by carmakers, particularly

German firms who themselves export to China.

The Cupra Tavascan, like BMW's China-made electric Mini, was

not part of Brussels' sample analysis in the run-up to the

tariff announcement, which means they were initially

automatically subjected to the highest tariff level of 37.6%.

Volkswagen declined to comment.

Tesla also asked for its own tariff rate after

being subjected to a 20.8% rate given to companies seen as

cooperating with the investigation.

A journalist for MLex

reported

that the U.S. EV maker was given a hefty reduction of its

rate at 9%, which would be the lowest tariff imposed on any

carmaker.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Boeing gains EU antitrust nod for $4.7 billion Spirit Aerosystems deal
Boeing gains EU antitrust nod for $4.7 billion Spirit Aerosystems deal
Oct 14, 2025
BRUSSELS (Reuters) -Boeing ( BA ) secured EU antitrust approval on Tuesday for its $4.7 billion acquisition of Spirit after agreeing to sell some Spirit businesses to address competition concerns. The deal announced in July last year aims to help Boeing ( BA ) streamline its operations and improve quality control, years after it spinned off the key airline supplier....
Boeing gains EU antitrust nod for $4.7 billion Spirit Aerosystems deal
Boeing gains EU antitrust nod for $4.7 billion Spirit Aerosystems deal
Oct 14, 2025
BRUSSELS, Oct 14 (Reuters) - Boeing ( BA ) secured EU antitrust approval on Tuesday for its $4.7 billion acquisition of Spirit after agreeing to sell some Spirit businesses to address competition concerns. The deal announced in July last year aims to help Boeing ( BA ) streamline its operations and improve quality control, years after it spinned off the...
Pattern Group Delivers 'Best-In-Class' E-Commerce Acceleration Platform, KeyBanc Says
Pattern Group Delivers 'Best-In-Class' E-Commerce Acceleration Platform, KeyBanc Says
Oct 14, 2025
11:02 AM EDT, 10/14/2025 (MT Newswires) -- Pattern Group ( PTRN ) delivers a best-in-class e-commerce acceleration platform and is a key enabler for brands targeting to optimize their e-commerce strategies, KeyBanc Capital Markets said in a Tuesday note initiating coverage of the company's stock. The company has a large total addressable market of around $4 trillion, providing significant room...
T-Mobile Poised for Continued Subscriber Gains, RBC Capital Says
T-Mobile Poised for Continued Subscriber Gains, RBC Capital Says
Oct 14, 2025
11:01 AM EDT, 10/14/2025 (MT Newswires) -- T-Mobile (TMUS) is expected to see strong near-term subscriber growth compared with peers, and unlock value from the recent USM acquisition, RBC Capital said in a note Tuesday. T-Mobile is outpacing peers in customer gains, driven by an $800 offer for switchers and new no trade-in iPhone promotions, the report said, citing channel...
Copyright 2023-2026 - www.financetom.com All Rights Reserved