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Volkswagen Halts U.S. Factory Plans Amid Tariff Crisis

1/26/2026

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Summary

Story summary

Volkswagen Group halted plans for a new U.S. factory due to tariffs and an unstable trading environment under U.S. President Donald Trump.
Oliver Blume, CEO of Volkswagen Group, said tariffs cost €2.1 billion in the first nine months of 2025, making the Audi plant financially unfeasible.
Volkswagen is revising its five-year plan, cutting the budget from €180 billion to €160 billion and prioritizing battery production in Spain and new EV models.

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Story summary

Volkswagen Group halted plans for a new U.S. factory due to tariffs and an unstable trading environment under U.S. President Donald Trump.
Oliver Blume, CEO of Volkswagen Group, said tariffs cost €2.1 billion in the first nine months of 2025, making the Audi plant financially unfeasible.
Volkswagen is revising its five-year plan, cutting the budget from €180 billion to €160 billion and prioritizing battery production in Spain and new EV models.