Volkswagen Plans Increased US Production Amid Tariff Concerns

Volkswagen is navigating the complexities of U.S. tariffs and trade policies under President Donald Trump, particularly in light of the one-month exemption for USMCA-compliant vehicles set to expire soon. CEO Thomas Schäfer expressed concerns about the feasibility of ramping up production in the U.S. to meet tariff regulations, emphasizing the need for more time to strategize long-term solutions. Meanwhile, Porsche's CEO Oliver Blume highlighted the potential benefits of their partnership with Volkswagen in mitigating tariff impacts, while also expressing hope for a fair agreement between the U.S. and Europe. Volkswagen is also ready to assist in bolstering European defense capabilities as regional tensions rise, a move that aligns with the company's broader strategies amidst geopolitical uncertainties. Finance Chief Arno Antlitz noted that Volkswagen's significant investments and job creation in the U.S. should be considered if further tariffs are imposed. Overall, the automaker is actively preparing for the challenges posed by both trade policies and geopolitical dynamics.