The president of Volkswagen announces multi -million investments in the USA

The president of the Volkswagen Automotive Company Oliver Blume announced on Friday multi -million investments in the United States. According to German media, BMW and Mercedes' CEOs have also recently talked about strengthening their position on the American market.

Blume emphasized that the VW Group already employs over 20 thousand. people in the USA, where he produces not only passenger cars, but also trucks and school buses. He did not say when negotiations on this topic end. Until now, negotiations have been taking place with the US minister Howard Lutnicki, but “ultimately these issues also go to the desk of the US president”.

“Of course, I would like it to happen quickly. But it depends on many factors and I can't promise anything. It will take as much time as you need” – emphasized Blume in the conversation of SZ. The President of VW also emphasized that the company is currently building a new factory for the Scout brand – sold on the American electrical market of SUVs and pickups.

The British daily Guardian reminded that Recently, VW announced the liquidation of 35,000 jobs until 2030, and in March, the company announced that in an annual basis its net profits fell by 30 percent. It was explained that this is the result of high production and lower sales costs in China.

When asked about the biggest mistake made by the German Blume automotive industry, he said that “he was resting on his laurels for too long” and “too late he realized that the world was changing extremely quickly and dynamically.” The VW Group is, in addition to Volkswagen itself, also brands such as Audi, Seat, Skoda, Bentley, Scania, Man and Porsche.

Commenting on the interview with Blum, the Journal of the SZ also recalled the speech of the President of BMW Oliver ZIPSE at the recent general general meeting of shareholders. He reminded then that the world's largest factory in the Munich concern is located in the USA. He emphasized that thanks to this BMW strongly marks its presence on the American market. According to the German economic journal “Handelsblatt”, Mercedes also talks to the US government about new investments in this country.

According to the German Association of Automotive Industry, the German United States is the most important foreign market for the German automotive industry. At the beginning of April, US President Donald Trump introduced additional duties on imported cars of 25 percent. Applying tariffs to other EU products, the US administration has postponed until the beginning of July. (PAP)

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