Volkswagen Pursues Aggressive U.S. Growth Strategy Despite Trade Challenges

CEO Oliver Blume highlights $20 billion in North American investments and plans to reduce reliance on the Chinese market.

Volkswagen plans to invest $15 billion in the U.S. and $5 billion in Canada as part of its North American growth strategy.
The company aims to strengthen its position in the U.S. market to become less dependent on the Chinese market.
CEO Oliver Blume expressed confidence in working with President Trump's administration despite potential trade policy challenges, including tariffs on imports from Canada and Mexico.
Volkswagen is exploring the use of Range Extender technology for its electric vehicles to address customer concerns about battery range, starting with its U.S. subsidiary, Scout.
The strategy draws inspiration from Porsche's success and emphasizes the importance of diversifying operations across global regions to enhance business resilience.