Porsche Denies Plans to Shift Assembly to US Amid Tariff Concerns

Porsche is reportedly considering shifting parts of its final vehicle assembly, such as interior installation and tire fitting, from Germany to the United States to mitigate the impact of President Donald Trump's tariffs on imported vehicles. This potential move aims to reduce exposure to the 25% import tariffs and reflects broader industry adjustments to fluctuating trade policies. Despite these reports, Porsche officials have denied any concrete plans to move assembly to the U.S., with CFO Jochen Breckner stating that localizing production does not make financial sense given low U.S. sales volumes. Porsche's main production remains in Germany and Slovakia, and the company has seen a decline in profit margins partly attributed to tariff costs. Volkswagen's Audi brand, in contrast, has plans to produce vehicles in the U.S., but those plans predate the Trump administration's tariffs. The discussions highlight the challenges luxury automakers face amid geopolitical tensions and evolving trade environments.