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Porsche Warns U.K. Customers Brexit May Hike Prices 10%
Porsche AG is advising buyers in the U.K. that cars delivered after Britain leaves the European Union may carry a 10% surcharge because of higher import tariffs.
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Porsche AG is advising buyers in the U.K. that cars delivered after Britain leaves the European Union may carry a 10% surcharge because of higher import tariffs.
The carmakers wants its customers to sign a “precautionary” agreement to pay the extra charge—and “adjust” their order accordingly if needed, BBC News reports. The surcharge would offset an expected 10% tariff on imported cars if the U.K. exits the EU on March 29 without a new trade pact.
Porsche’s parent, Volkswagen Group, says it hasn’t decided whether to implement a similar policy for its Audi, Bentley, Bugatti, Lamborghini, SEAT, Skoda or VW brands.
VW adds that it has no plan to abandon the British market, its second-largest in Europe after Germany, in any event.
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