VW brand CFO: we have not moved cars from Mexico to U.S. ahead of possible tariffs

BERIN, March 13 (Reuters) - Volkswagen's VOWG_p.DE brand CFO said on Thursday the passenger car brand had not moved cars from its Puebla plant in Mexico to the United States to shield itself from the impact of possible import tariffs, saying it was observing the situation.

Volkswagen's passenger car brand was granted a one-month reprieve from the 25% tariffs imposed by U.S. President Donald Trump on car imports from Mexico earlier this month because it complied with the United States-Mexico-Canada Agreement (USMCA) rules of origin.

"With a view to the unclear and unstable situation of imports into the US, we have not done any readjustment of the distribution of our cars - we are observing the situation," said brand CFO David Powel in response to a question of whether increased inventories across the brand were attributable to moving cars into the United States.