Saturday May 31/2025 – 06:12 AM
Volkswagen CEO, Oliver Bloom, said in an interview with a German newspaper that the company wanted to pump more major investments in the United States of America, adding that the customs duties with the US government were fair and constructive.
Volkswagen plans to pump huge investments in America
According to Reuters, several foreign companies announced investments in the United States in response to the customs duties imposed by US President Donald Trump on imports, but German car manufacturers have been more cautious about allocating more resources to their largest exports markets.
The Volkswagen Audi brand, which does not produce its cars in the United States, plans to produce some of its models there, although the company stated that this plan precedes the Trump administration.
Sources told Reuters earlier this week that German auto companies, including Volkswagen, are in talks with Washington on a possible agreement to impose customs duties on imports, in an effort to use their American investments and exports.
