Volkswagen is close to closed agreement with the USA for dutiesIn his statements, the head of the German automotive industry said while the company is aiming to market affordable electric cars in Europe.

Europe’s largest automaker, which also holds the brands Audi, Seat and Porschehas been hit seriously From the duties announced by Donald Trump in April.

The burdens, in combination with the hectic market, have already cost “quite billions»The company, stressed VW Oliver Bloom.

Although the Trump government agreed to decrease duties of 27.5% in European cars and car spare parts at 15%, The lowest coefficient will still “is a weight for the Volkswagen Group“, Bloom told Bloomberg TV.

Volkswagen has also promised ‘massive‘ investment in the US as part of her efforts to secure a distinct agreement with the Trump government, which could reduce its tariff rate under 15%.

“We do not appreciate the asymmetric agreement between the US and the EU because it distorts competition in Europe.”stressed and noted that:

“We rely on our own contribution to major investment in the US … We are in close contact and we have good talks with the US government, and we hope that we will come up with a quick solution in the coming weeks.”

Bum also said that the German group could consider the possibility of carrying the Production of Audi cars to local market and to expands exports from US.

Volkswagen’s head, speaking at a Munich trade exhibition on Monday, said the luxury car brand Porsche lies in predicament Due to the duties and weakness in Chinese market. “This situation costs several billions of euros in our balance sheet this year,” told Reuters.

Trump’s duties on car imports are expected to hit Porsche particularly, as opposed to VW models and German competitors BMW and Mercedes-Benz, Porsche cars sold in the US, constructed almost exclusively in Germany.

Bloom also presented an original for a new little electric caras Volkswagen seeks to conquer 1/5 of the market for small electric cars in Europe.