Volkswagen VZ Stock News

US President Donald Trump's administration has promised tariff relief to Volkswagen's luxury unit Audi to help secure its $4 billion assembly plant in Georgia, two ‌sources briefed on the matter told Reuters.

The $5.8 billion joint venture between Rivian and Volkswagen Group is expanding to include AI assistants.

Audi's $4 billion Georgia factory announcement came as automakers are seeking relief from tariff pain.

The German automaker continues to face challenges, including U.S. tariffs and growing competition from Chinese rivals both in China and in Europe.

Volkswagen could roll out the software currently used in its cars for the Chinese ​market to its mass-market offering in Europe, ‌according to a media report on Monday, in a move that threatens to sideline its US partner Rivian

Plus, Fed and big earnings week ahead.

Audi chief Gernot Doellner drew heavy ‌criticism on Monday for appearing alongside US President Donald Trump at a campaign rally in the battleground state of Georgia, with the head of Germany's top union saying it violated the automaker's company guidelines.