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The 2 most recent of 3 stories tagged with this keyword.

  • Audi defends plans for a $4 billion Georgia plant amid VW restructuring, tariffs

    Audi CEO Gernot Dollner defended the carmaker's plan for a $4 billion plant in Georgia, its first in the U.S., which President Donald Trump announced at a Georgia rally on Saturday. Dollner said the move aims to grow sales and reduce exposure to U.S. tariffs, and that it does not take work away from Germany, which remains the backbone of the brand. The site followed more than 70 locations evaluated over many months and is expected to begin production of the Q7, Q8 and Q9 in the early 2030s, with capacity of up to 200,000 vehicles a year, roughly half to be exported. The announcement comes as parent Volkswagen plans to cut 50,000 jobs and close four German plants, including an Audi facility, between 2031 and 2034. U.S. tariffs cost Audi 1.2 billion euros ($1.4 billion) last year, and tariffs on German vehicles are now 15%, down from 25%.

    CNBC·AudiVolkswagentariffs
  • Trump announces Audi will build $4 billion US factory in Georgiawtvbam.com·Donald TrumpemploymentAudi

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