Volkswagen CFO warns US tariff refunds mean only small gains despite massive annual costs

Refunds could be double digit millions—yet costs hit billions

Volkswagen’s finance chief Arno Antlitz says any US tariff refunds would deliver only minimal relief, likely in the small double-digit millions. That pales beside the automaker’s annual tariff bill of about 4 billion euros. Still, Volkswagen plans to pursue refunds—however limited their financial impact may be.