USA: Option to withdraw - How Audi secures itself with the new US plant in Georgia
Audi can still cancel its planned US plant even after signing, documents show that Handelsblatt has obtained. At the same time, the automaker is already keeping an expansion open.
Audi can still pull out of its planned plant in the US state of Georgia even after signing the settlement agreement. According to contract documents obtained by Handelsblatt, Audi can terminate the deal if it is not satisfied with the site's examination, which includes factors such as soil, environment, and development. Audi would forfeit a $2 million fee and its own preparation costs, but would avoid a significant portion of its planned $4 billion investment.
The contract has not yet been signed, pending approval from Audi's parent company VW's supervisory board and the state of Georgia.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
