Volkswagen $VOW (+2,48 %) is in close contact with the US government regarding the planned new US car tariffs, as a Group spokesperson confirmed to finanzen.net. The aim is to minimize the impact on the subsidiary brand Audi, which produces models in Mexico for the US market. The Group is currently examining options for greater localization of production in the USA in order to avoid possible punitive tariffs. VW emphasizes that it is in a constructive dialogue with Washington in order to create legal certainty for future investments. The share initially reacted cautiously to the news, as the outcome of the talks is still open.
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