(Jan 26): Volkswagen AG’s plans for a possible Audi factory in the US aren’t progressing as President Donald Trump’s tariffs weigh and talks for local incentives haven’t yielded results, chief executive officer Oliver Blume told Handelsblatt. Talks for an Audi plant have been ongoing, initially encouraged by subsidies making an investment economically viable. President Trump’s tariffs have exposed carmakers relying on global production networks. The company also builds VW brand vehicles in Chattanooga, Tennessee, and is constructing a US$2 billion (RM8 billion) plant in South Carolina that will make rugged offroaders under the resurrected South Motors nameplate. Blume said the company had several options for an Audi plant, also pointing to ownership of “a large plot of land” in South Carolina.

Source: The Edge Markets January 26, 2026 11:03 UTC