President Trump formally announced in Perry, Georgia, that Volkswagen subsidiary Audi would invest approximately $4 billion to build a new SUV plant, with plans to produce 200,000 vehicles annually. Construction is scheduled to begin next year, with production targeted to start in the early 2030s.
President Trump announced at a rally in Perry, Georgia, that German automaker Audi planned to build a new assembly plant in the state. The total investment is approximately $4 billion, and the plant is expected to have the capacity to produce 200,000 SUVs annually.
Construction is scheduled to begin next year, with production expected to start in the early 2030s. Approximately 4,500 jobs are expected to be created, and CEO Döllner said that the company believes in the US market as a long-term investment.
Ahead of the midterm elections, President Trump sought to win support by emphasizing the view that his tariff policy was benefiting the US economy. Critics, however, said tariffs would drive up vehicle prices, while some voices pointed to delays to the investment.