Key Points
- Luxury carmakers Porsche, Mercedes-Benz Group and Aston Martin on Wednesday each outlined the extent to which U.S. import tariffs have taken their toll.
- Collectively, the carmakers warned of combined costs exceeding 770 million euros ($889 million).
- “This is not a storm that will pass,” Oliver Blume, chairman of the executive board of Porsche, said in a statement.
