Overview

• Timo Resch, Porsche’s North America chief, told Handelsblatt there are no immediate or concrete plans to build cars in the United States.
• Porsche also has no plans to use an existing Volkswagen Group plant in the U.S. or to perform final assembly there.
• The company cites significantly lower unit volumes than brands like Audi as a key reason local production does not make cost sense.
• Reports say the top U.S. auto import duty is set to drop to 15 percent retroactive to August 1 from a previously cited 27.5 percent, which remains above pre-dispute levels.
• Industry experts still expect some German manufacturers to shift production toward the U.S. over the medium term.