Volkswagen, Europe's largest industrial group, is pursuing substantial investments in the US, particularly in light of potential tariffs imposed by the Trump administration. CEO Oliver Blume has engaged in direct discussions with US officials, emphasizing the constructive nature of these talks while maintaining confidentiality. He believes that these investments will influence tariff decisions. While ongoing EU-US negotiations may result in enduring tariffs past July's pause, Volkswagen is also expanding its partnership with electric vehicle manufacturer Rivian. Blume seeks solutions that address broader industry concerns beyond just Volkswagen's interests.
So far, we've experienced absolutely fair, constructive discussions. Of course, many things are complex, and we've agreed not to share any content. I will stick to that.
I will stick to that. Our primary contact is the US secretary of commerce, but ultimately, the issues also go through the US president's desk.
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