Volkswagen is seeking a trade deal with the United States government to mitigate the impact of tariffs imposed under President Donald Trump. The carmaker has proposed investing more than $10 billion in the U.S., including building a factory to produce Scout-branded SUVs and pickup trucks, and potentially localizing production of its Audi brand in the country for the first time. Volkswagen's CEO has expressed hope for a tariff agreement based on these "attractive" investments. The company has reported that the tariffs have cost it $1.5 billion, prompting a strategic shift to expand manufacturing operations within the U.S. market, which it considers a key strategic area. The proposed deal aims to create a "win-win" scenario by combining increased U.S. investments with tariff concessions.
Volkswagen CEO hopes for own tariff deal with 'attractive' investments https://t.co/18DOXEcLeo https://t.co/18DOXEcLeo
Volkswagen propose d'investir aux États-Unis en échange d'une ristourne sur les droits de douane ➡️ https://t.co/HuoJgasVnR https://t.co/M0o8AEpP4G
Volkswagen CEO hopes for own tariff deal with 'attractive' investments https://t.co/iEUWVQjWFh https://t.co/iEUWVQjWFh