Trump announces Audi will build $4 billion factory in US
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After Donald Trump made the announcement at an election rally in Georgia, the German carmaker confirmed plans for a factory in the US state, but noted car production would only start early next decade.
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US President Donald Trump on Saturday announced that German car producer, Audi, will build a $4 billion (€3.77 billion) assembly plant in the US state of Georgia.
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Speaking at a campaign rally in Perry, Georgia, Trump said the plant will produce 200,000 SUVs annually.
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"Think of that. 200,000 cars a year. That's incredible," Trump said.
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The US president credited his tariff policies for the company's decision to build the plant in the US.
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To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video The US leader has pressured foreign and domestic businesses to move production to the United States.
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His tactics included sweeping tariffs on car imports. Last year, Trump's tariffs cost Audi €1.2-billion-euro ($1.4-billion).
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The latest announcement comes as Trump tries to make a last ditch effort to boost Republican candidates in the battleground state by following through on his promise of reinvigorate American manufacturing ahead of the midterm elections.
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The Republicans are bracing for losses in the November 3 vote amid rising prices and the ongoing war in Iran.
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Audi, which is owned by Volkswagen, said the construction of the manufacturing plant is scheduled to begin next year, with car production starting in the early 2030s.
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To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video The plant is expected to assemble the Audi Q7, Q8 and Q9 SUVs, a US official told Reuters news agency.
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The company also said the investment will create approximately 4,500 jobs.
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