00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Trump announced Saturday that Audi plans to build a $4 billion assembly plant in Georgia,
00:07producing 200,000 SUVs annually, according to CNBC. The facility will mark Audi's first
00:13U.S. assembly plant and create approximately 4,500 jobs. Construction is scheduled to begin
00:19in 2027, with production starting in the early 2030s. The plant is expected to produce Audi's
00:24Q7, Q8, and Q9 SUVs. Audi also plans to build 25,000 vehicles annually at Volkswagen's Scout
00:32Motors plant in South Carolina. Trump argues his auto tariffs are helping the U.S. economy,
00:38while critics say they have raised vehicle prices and delayed automaker investments.
00:43Audi incurred $1.4 billion in tariff costs last year, while its U.S. sales have declined 16% in
00:5026.
00:51For all things money, visit Benzinga.com.
