Volkswagen to build $4bn Audi SUV factory in US despite job cuts at home
VW investment creates 4,500 jobs in Georgia comes amid Trump’s damaging tariffs, intense Chinese competition and costly shift towards EVs Audi has said it…
The Guardian reports: VW investment creates 4,500 jobs in Georgia comes amid Trump’s damaging tariffs, intense Chinese competition and costly shift towards EVs Audi has said it will spend $4bn (£3bn) to build its first factory in the US, as its parent company Volkswagen struggles with the impact of steep tariffs imposed by Donald Trump.
This business story centres on the United States. Names and organisations mentioned in the coverage include Audi SUV, Georgia and Donald Trump.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- United States · Americas
- Reported by
- The Guardian
- First reported
- Key names
- Audi SUV, Georgia, Donald Trump, Trump
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The GuardianSpotted an error? Request a correction · How this summary was produced
Related Stories
Trump announces Audi will build $4 billion factory in US
After Donald Trump made the announcement at an election rally in Georgia, the German carmaker confirmed plans for a factory in the US state, but…
Trump in Georgia falsely claims election of Jon Ossoff was illegitimate
President appears at rally for struggling Mike Collins, dismisses critics and touts ‘most successful’ two-year run At a rally in north Georgia…
Donald Trump says Audi to invest $4.2 billion in its first U.S. auto plant
Audi confirmed the investment in a release, saying the plant would create about 4,500 jobs.
Donald Trump challenges Alaska Senate trace
With the US midterm elections less than two weeks away, concerns are growing over whether President Donald Trump would accept a major Republican…
Bangladesh per capita GDP forecast to outstrip India’s: What does it mean?
Bangladesh expected to surpass India's per capita GDP this year, but that's not the complete economic picture.
I paid off $11,000 of credit card debt in 18 months while still traveling, shopping and living my life
I racked up over $11,000 in credit card debt traveling, shopping and dining out.
Saudi Arabia says it intercepted missiles and drones from Iran-backed Houthis
Saudi Arabia says it intercepted Houthi missiles and drones, while the Houthis claimed attacks on airports and energy sites amid rising regional…
Netflix lays off 6% of workforce amidst slowing growth
Netflix is regrouping after the release of its latest quarterly earnings this week.