Volkswagen boss says U.S. tariffs could cost up to 2.5 billion euros: Financial Times [Reuters]
Evercore Inc. Class A (EVR)
Last evercore inc. class a earnings: 4/22 06:00 am
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Source: Reuters
Volkswagen boss says U.S. tariffs could cost up to 2.5 billion euros: Financial Times | Reuters 1 Min Read FRANKFURT (Reuters) - The biggest threat to Volkswagen’s 2019 profit is potential tariffs from the United States, Chief Executive Herbert Diess told the Financial Times. “It’s becoming tense once again,” Diess told the FT. “You know it’s a pity because we can’t solve it from the car industry [alone]. It’s more of a tariffs negotiation between Europe and the United States.” Analysts at London-based Evercore ISI said tariffs could cost Volkswagen 2.5 billion euros ($2.8 billion) a year, about 13 percent of expected earnings. “In the worst-case situation, that would probably be close to the real figure,” Diess said of the Evercore projection. Reporting by Edward Taylor; Editing by David Goodman All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Volkswagen boss says U.S. tariffs could cost u
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EVR
Earnings
- 1/31/24 - Beat
EVR
Sec Filings
- 2/22/24 - Form 10-K
- 2/20/24 - Form 4
- 2/16/24 - Form 4
- EVR's page on the SEC website