- Volkswagen Group CEO Oliver Blume is prepared to invest a minimum $10 billion in the United States in hopes of securing a like-for-like reduction in the company’s tariff bill. On Friday the world’s second-largest carmaker by vehicle sales slashed its 2025 guidance for revenue, margins, and cash citing Q2 headwinds from U.S. import duties totaling roughly $1.4 billion. Once the company knows what tariffs are agreed to by the Trump administration and the European Union, VW aims to enter into bilateral talks directly with the White House to seek carve-outs.
Oliver Blume wants to make a deal. The CEO of Volkswagen Group, the world’s second-largest carmaker, is prepared to put a minimum of $10 billion on the table in exchange for lower tariffs levied by the Trump administration.
