Volkswagen Engages in Direct Talks with US Government to Settle Tariff Dispute, Offers Additional Investments in the US
Volkswagen’s CEO, Oliver Blume, has revealed that the company is in direct talks with the US government to resolve the tariff dispute, offering additional investments in the US as a countermeasure. In an interview with the Süddeutsche Zeitung, Blume stated that he has been in regular contact with the US Trade Minister and while the primary point of contact is the Minister, the discussions ultimately involve the US President.
Blume emphasized the constructive nature of the talks, saying that the company is seeking a fair and mutually beneficial agreement. When asked what Volkswagen is offering in the negotiations, Blume replied that the company is willing to increase its investments in the US. Currently, Volkswagen employs over 20,000 people directly and 55,000 indirectly in the US and produces a range of vehicles, including cars, school buses and trucks. The company also has a partnership with Rivian, an American automaker.
Blume stressed that the principle of investing in a country and benefiting from favorable framework conditions should apply. He added that the company’s future investments in the US would be substantial and that the talks should take this into account.
The CEO also addressed the topic of the company’s restructuring and job cuts, stating that something needs to change for Volkswagen to remain a significant player in the global automotive market in the long term. He acknowledged that the company’s situation was critical, but emphasized that he has the inner independence to make the necessary decisions.
Blume also touched on his dual role as CEO of Volkswagen and Porsche, stating that while this arrangement may not be permanent, the company may decide to focus on one of the two roles in the future.