One Turn
Audi defends $4 billion Georgia plant as way around US tariffs
Audi's chief executive Gernot Döllner defended plans for a $4 billion plant in Georgia. He called it a business decision to grow sales and reduce exposure to US tariffs. The factory, Audi's first in the US, is expected to create about 4,500 jobs. Parent company Volkswagen is cutting jobs in Germany.
Why it matters
The plant would bring thousands of US factory jobs while Volkswagen shrinks its workforce in Germany.
Background
US tariffs on imported cars have pushed foreign carmakers to build locally. President Trump announced the plant at a campaign rally.
The story so far
- Audi defends $4 billion Georgia plant as way around US tariffs
- Audi plans $4 billion US plant; CEO criticized in Germany
Sources
- CNBC ↗Oct 25, 12:42 PM ET
- The Guardian ↗Oct 25, 9:43 AM ET
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