Volkswagen in 'fair' talks with Washington on tariffs, CEO tells newspaper

May 30, 2025 1:30 AM EDT

FILE PHOTO: Drone view shows Volkswagen Group cars bound for cargo ship export to the United States at the seaport of Emden near the estuary, where the River Ems flows into the North Sea, in Emden, Germany, April 2, 2025. REUTERS/Erol Dogrudogan/File Phot

BERLIN (Reuters) -Volkswagen is holding "fair" and "constructive" talks with the United States government on tariffs and wants to make further investments in the country, CEO Oliver Blume told the SZ newspaper in an interview published on Friday.

"So far, we have had absolutely fair, constructive discussions," Blume said, the newspaper reported.

"We already employ over 20,000 people directly and over 55,000 people indirectly, building cars, school buses and lorries. We have invested in a partnership with the U.S. company Rivian. We would build on this with further, massive investments," he said, according to SZ.

(Writing by Friederike Heine; Editing by Christian Schmollinger)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters