Audi Defends Planned $4 Billion US Manufacturing Investment in Georgia
Audi CEO Gernot Doellner has defended the company's decision to invest $4 billion in a new assembly plant in Georgia, USA. The move, announced by President Donald Trump during a campaign rally, aims to produce 200,000 SUVs annually, including models such as the Q7, Q8, and Q9. While Audi views the US as a key market for profitable growth, the decision has drawn criticism from Germany's IG Metall union, which expressed concerns regarding the impact on domestic German jobs. The investment comes amid significant pressure from US auto tariffs, which cost Audi approximately €1.2 billion last year due to its reliance on imports from Europe and Mexico. While construction is slated to begin next year with production starting in the early 2030s, the final approval rests with Volkswagen Group's supervisory board. The project is expected to create roughly 4,500 jobs in the US.
Topics: Automotive Industry Foreign Direct Investment Trade Tariffs US Politics
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