Volkswagen manager claims U.S. tolls might set you back approximately 2.5 billion euros: Financial Times

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FRANKFURT (Reuters) – The largest danger to Volkswagen’s 2019 revenue is prospective tolls from the United States, Chief Executive Herbert Diess informed the Financial Times.

” It’s ending up being strained once more,” Diess informed the FT. “You understand it’s a pity since we can not resolve it from the auto sector [alone] It’s even more of a tolls arrangement in between Europe and also the United States.”

Experts at London-based Evercore ISI stated tolls might set you back Volkswagen 2.5 billion euros ($2.8 billion) a year, concerning 13 percent of anticipated profits.

“In the worst-case circumstance, that would possibly be close to the genuine number,” Diess stated of the Evercore estimate.

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