World's second-largest automaker relocates production to U.S.
World's second-largest automaker relocates production to U.S.
As President Donald Trump had hoped, carmakers are
starting to shift gears on manufacturing. But much of the industry
reaction is centered on electric vehicles — technology Trump has
repeatedly criticized, even as his trade policies help bring it stateside.
Volkswagen Group, the second largest automaker in the world in 2024, is preparing to join the growing list of automakers looking to rejig its US factories in response to the tariffs. The German automaler's luxury brand, Audi — which assembles most of its lineup in its home country, Hungary, Mexico, Slovakia, Spain, and China — is planning to make some of its crossover and SUV models in America. 'We want to localize more strongly in the USA,' a company spokesperson told DailyMail.com. 'To this end, we are currently examining various scenarios. We are confident that we will make a decision on this in consultation with the Volkswagen Group before the end of this year as to what this will look like in concrete terms.'
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An ex-business owner who turned private trader applying technical analysis to trade major FX pairs and indies, commodities and KL futures. He used to write a weekly column in a Chinese daily on local futures markets. A self confessed stern supporter of the Far Right and nothing apologetically about it.
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