Porsche has no plans to shift any part of its production process to the US, Reuters reports, citing a spokesperson. This comes after a report saying the company was considering such a move in the light of president Donald Trump’s tariffs.
As Porsche does not make vehicles in the US, it is heavily exposed to the tariffs. At the same time, it is facing various challenges including slowing demand – particularly for its EVs – and stiff competition in China.
It was reported on Friday that Porsche CEO Oliver Blume, who also leads the Volkswagen Group, was mulling moving to the US the final stages of model assembly, such as interior component installation or tyre-fitting, but a spokesperson told Reuters that there were no such plans.
In late-April, Porsche’s finance chief Jochen Breckner said localisation made no sense given the carmaker’s low sales, even if the group were to team up with another VW brand.
Audi also does not manufacture in the US, but it plans to and will announce a location this year, although according to the company, these plans were made before the Trump administration.
Blume said recently that he had engaged Washington in discussions to expand the Volkswagen Group’s US presence through “massive investments”, although he declined to reveal details, Reuters reports.
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