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VW CEO says hopes U.S. investments help avoid tariffs against EU

January 14, 2019 4:30 PM
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DETROIT (Reuters) - Volkswagen’s (VOWG_p.DE) Chief Executive Herbert Diess said an $800 million investment to build a new electric car in Chattanooga, Tennessee should help ease tensions with United States President Donald Trump.

“We hope that with the investment in Chattanooga we could make a contribution, step forward, to avoid tariffs between Europe and the U.S., and we will work further on it,” Diess said at the sidelines of the Detroit Auto Show.

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