CEO of Europe’s largest industrial group says he has been in direct talks with Donald Trump’s administration
Volkswagen, Europe’s largest industrial group, has said it will make a “massive” investment in the US. The group, which includes Porsche, revealed it has been in direct talks with Donald Trump’s administration as it faces damaging tariffs.
Oliver Blume, who heads the group, said the talks were “constructive” and “fair”, in an interview that suggests the company, whose market capital is £44bn, is not willing to leave tariff negotiations to Brussels alone.
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Source link : https://www.theguardian.com/business/2025/may/30/volkswagen-to-make-massive-investment-in-us-to-avoid-tariffs
Author : Lisa O’Carroll
Publish date : 2025-05-30 12:39:00
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