Trump: Audi to invest US$4.2b in first US plant
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President Donald Trump announced on Saturday that German automaker Audi planned to invest US$4.2 billion to build its first factory in the US, which will produce 200,000 vehicles a year and create about 4,500 jobs in Georgia. The plant is scheduled to begin construction next year and commence production in the early 2030s, with the investment demonstrating Audi's long-term commitment to the US and making North America a third major pillar of its global production network, alongside Europe and China.
The announcement comes 10 days before the Nov 3 midterm elections, which will determine control of the US Congress.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
