Volkswagen considers pulling out of US factory plans over tariffs
Volkswagen considers pulling out of US factory plans over tariffs
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Volkswagen considers pulling out of US factory plans over tariffs
The car giant’s CEO told Handelsblatt that US levies cost VW $2.5 billion in the first nine months of 2025, and that reductions were necessary.
Volkswagen may pull its plans for a major Audi factory in the US, citing President Donald Trump’s automotive tariffs.
The car giant’s CEO told Handelsblatt that US levies cost VW $2.5 billion in the first nine months of 2025, and that reductions were necessary.
German investments in the US as a whole fell 45% year-on-year in 2025 as Trump’s duties took hold, Reuters reported, while German exports to the US also fell, although the dollar’s depreciation was likely a factor.