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VW boss Blume relies on customs deal: billions in investments in the USA!
Volkswagen's investments in the US are in focus as the group conducts customs negotiations with the US government.
VW boss Blume relies on customs deal: billions in investments in the USA!
Volkswagen boss Oliver Blume has confirmed his company's ongoing negotiations with the US Department of Commerce. His goal is to reach an agreement in the customs dispute, which should be linked to further investments in the USA. In a recent statement, Blume emphasized that VW is prepared to invest additional funds in the United States to improve the framework conditions for the automobile manufacturer. Volkswagen currently employs over 20,000 people directly and employs over 55,000 indirectly in the region, which underlines the company's economic relevance. The production of cars, school buses and trucks in the USA represents a key pillar of the business.
In addition to the commitment of investments, Volkswagen has a partnership with the US company Rivian, which underlines the group's strategic focus on electromobility. Loud trend.at Tariff relief currently being negotiated could include a mechanism that offsets imports against exports from the US. This could serve as an incentive for Volkswagen, BMW and Mercedes-Benz, which are in similar negotiations.
Opportunities and expectations
Blume expressed hopes that an agreement with the US government could be reached as early as June. The customs relief is of central importance for German car manufacturers; They are intended to represent compensation for planned billions in investments in US business. The discussions are based on the expectation that solving the tariff problem could have a positive impact on the competitiveness of companies in the USA.
The negotiations are part of a larger puzzle in which German manufacturers also have to take into account tensions between the USA and Europe over trade issues. Blume, who also heads Porsche AG, explained why he does not want to see this dual role as permanent. Concentrating on one of the two roles is definitely possible in the future, as he explained.
Overall, with its current initiatives, Volkswagen is not only setting the course for a long-term investment strategy in the USA, but is also positioning itself as an active participant in the discussion about trade conditions and economic conditions in an increasingly competitive market.
For further information on Volkswagen's negotiations and ambitions in the USA, see also manager magazine.