Fixed will maintain the prices of her cars sold in USA or Volkswagen (VW), at least until next month, trying to keep its customers in the delegates after increasing duties by the Trump government.
“We do not know what this regulatory or tariff environment will be even next week,” said Kiel Grunner, VW’s chief executive in North America, in an interview with the US International Motor Show in the US. “We want to give our consumers and traders this confidence by the end of May.”
VW’s move is similar to the decisions of Hyundai, Ford and Stelantis and is designed to calm down the concerns that Donald Trump’s 25% duty on imported cars will raise prices by thousands of dollars. New cars that cost nearly $ 50,000 on average are already inaccessible to many Americans fighting at high interest rates.
This decision contradicts a previous report saying that VW was planning to add fees to its car prices. VW sent a memorandum to delegates asking information on how to handle the communication of potential prices and costs of tariffs, and this was misinterpreted as a definitive plan, Gruner said.
The German manufacturer’s main brand could distribute the costs between suppliers, traders and consumers after May, if duties remain in force, he added. Any increase in prices from June will be based on a careful analysis of the VW supply chain and the cost of duties in relation to competitors, he said.
Grunner was in New York to present a new version of the top Tiguan sales. The sporty professional vehicle, built at the VW plant in Puebla, Mexico, now faces a 27.5% levy based on the president’s duty on imports of cars in force on April 3. This is compared to the previous duty 2.5% under the USMCA trade agreement negotiated by Trump with Mexico and Canada during his first term.