Volkswagen expects limited benefit from possible U.S. tariff refunds, CFO says

Thursday 30 April 2026 - 11:00

Volkswagen AG is expected to see only limited financial relief even if it succeeds in securing refunds on U.S. import tariffs, according to the company’s chief financial officer.

Speaking on Thursday, CFO Arno Antlitz said that any potential reimbursement linked to tariffs imposed by the United States would have a relatively small impact compared to the group’s overall costs. He emphasized that while the company would pursue any available financial recovery, the amounts involved would remain modest.

Antlitz explained that possible refunds would likely amount to only a “low double-digit million” figure in euros, which is minor compared with the group’s estimated annual tariff burden of around €4 billion. This highlights the significant cost pressure tariffs continue to place on global car manufacturers operating across multiple markets.

The comments come at a time when the automotive industry is still navigating a complex international trade environment. Companies like Volkswagen, which rely heavily on global supply chains, remain exposed to changes in tariff policy and cross-border regulatory decisions.

Despite ongoing discussions about trade adjustments, the company appears cautious about expecting meaningful short-term financial relief. Industry analysts note that large manufacturers are increasingly focusing on cost optimization and regional production strategies to reduce exposure to trade risks.

Volkswagen remains one of the world’s largest carmakers, with strong operations in both Europe and international markets, including the United States and China.