In the context of escalating trade tensions between the US and Europe, German automotive giant Volkswagen AG $VWAGY is considering strategic moves aimed at minimizing potential losses due to tariff measures initiated by former President Donald Trump. In an interview with Frankfurter Allgemeine Zeitung, CEO Oliver Blume shared insights about plans to localize production of certain Audi models within the US.

On Monday, Audi, a premium division of Volkswagen, announced plans to cut up to 7,500 jobs in Germany. This decision impacts areas such as administration and development, reflecting an ongoing trend of cost-cutting within the German automotive industry.