Trump announces Audi will build $4 billion factory in US

Audi to build $4 billion factory in US, creating 4,500 jobs

The full report

US President Donald Trump announced that German car producer Audi will build a $4 billion assembly plant in the US state of Georgia, according to DW News. The plant will produce 200,000 SUVs annually, with car production starting in the early 2030s. The construction of the manufacturing plant is scheduled to begin next year.

Audi, owned by Volkswagen, credited Trump's tariff policies for the company's decision to build the plant in the US. The company noted that Trump's tariffs cost Audi €1.2-billion-euro ($1.4-billion) last year. The latest announcement comes as Trump tries to boost Republican candidates in the battleground state ahead of the midterm elections.

The plant is expected to assemble the Audi Q7, Q8, and Q9 SUVs, a US official told Reuters news agency. The company also said the investment will create approximately 4,500 jobs. The construction of the manufacturing plant is scheduled to begin next year, with car production starting in the early 2030s.

The announcement is part of Trump's efforts to reinvigorate American manufacturing ahead of the midterm elections. The Republicans are bracing for losses in the November 3 vote amid rising prices and the ongoing war in Iran.