Trump announces Audi will build $4 billion factory in US

On Saturday, US President Donald Trump announced that German car manufacturer Audi will construct a $4 billion assembly plant in Georgia, USA. Speaking at a campaign rally in Perry, Georgia, Trump highlighted that the plant will manufacture 200,000 SUVs each year, calling it an incredible feat. Trump attributed Audi's decision to build the plant in the US to his tariff policies, which have pressured both foreign and domestic businesses to shift production to the United States. These tariffs reportedly cost Audi €1.2 billion ($1.4 billion) last year.

The announcement comes as Trump attempts to rally Republican candidates in the battleground state of Georgia ahead of the midterm elections, due on November 3. The President has pledged to revitalize American manufacturing, a key promise to energize voters amid rising prices and the ongoing Iran conflict. Audi, owned by Volkswagen, stated that the construction of the plant will commence next year, with vehicle production beginning in the early 2030s.

The plant will primarily assemble Audi Q7, Q8, and Q9 SUVs, as reported by Reuters. The investment is expected to generate approximately 4,500 jobs.