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Volkswagen announces massive investments: negotiations with Trump!
Volkswagen announces massive investment in the US as US auto tariff negotiations continue with the government.
Volkswagen announces massive investments: negotiations with Trump!
Volkswagen is relying on a negotiated solution to the conflict over US car tariffs. CEO Oliver Blume emphasizes that extensive investments are planned in the USA in order to untangle the threads with the US government. The automobile manufacturer already employs over 20,000 people in the USA and produces not only cars, but also school buses and trucks.
A new factory is currently being built for the Scout brand. Blume also announced further massive investments that are intended to strengthen the US location. Discussions between Volkswagen and the US government are mainly taking place with the US Secretary of Commerce. The US President is also involved in the dialogue, which adds additional value to the negotiations.
Negotiating climate and competitive situation
Blume describes the talks with the federal government as “absolutely fair” and “constructive”. However, it remains unclear when a final conclusion of the negotiations can be expected. The urgency of these talks has also prompted other German automakers such as BMW and Mercedes to actively negotiate with the US government over auto tariffs.
The background to the conflict is serious. In April 2023, US President Donald Trump introduced additional tariffs of 25% on imported cars. This decision has put not only Volkswagen, but the entire German automotive industry in a tense situation. The USA represents the most important foreign market for this industry.
According to the Association of the Automotive Industry (VDA), almost 450,000 German-made vehicles will be exported to the USA in 2024. This significant market volume illustrates how crucial the negotiations are for the German auto industry.
The situation is therefore of outstanding importance not only for Volkswagen, but for the entire automotive industry. It remains to be seen how the negotiations will develop and whether the planned investments in the USA can be realized against the background of the tariffs. World reports on the corporations' efforts to expand dialogue with the US government while the Manager Magazine points to the direct negotiations aimed at finding a solution to the customs dispute.