Business · Companies · 1 hr ago
Audi considers $3 billion expansion at planned Georgia factory
Audi plans to build its first US assembly plant near Macon, in the state of Georgia.
The planned $4 billion factory is expected to open in the early 2030s, produce 200,000 SUVs a year and employ 4,500 people.
Audi is also considering a second phase that could add $3 billion and 3,000 jobs by 2033.
Georgia is offering hundreds of millions of dollars in tax incentives and grants, along with land and support for infrastructure and worker training.
The plans come as US tariffs have raised Audi's costs because it imports vehicles from Europe and Mexico.
The factory could help Audi build more cars in the US, while the company has not commented on the possible expansion.
Audi is considering a second phase at its planned Georgia factory that would cost another $3 billion and create 3,000 jobs by 2033.
The planned $4 billion factory near Macon is expected to open in the early 2030s.
The factory is expected to produce 200,000 SUVs a year and employ 4,500 people.
Georgia is offering the project land, tax breaks and other subsidies worth more than $1 billion.
Audi is seeking lower US tariffs on imports from the European Union, while the US is expected to offer a rate of about 10%.
- Who
- Audi, a Volkswagen Group subsidiary, is considering the expansion.
- What
- A second phase at its planned Georgia factory would cost $3 billion and add 3,000 jobs.
- When
- The expansion could create the jobs by 2033; the factory is planned to open in the early 2030s.
- Where
- Near Macon, in the US state of Georgia.
- Why
- Not stated
Audi
US Department of Commerce
Tariff rate
Audi
Audi pressed for tariffs on EU imports to fall from 15% to 7.5%.
US Department of Commerce
The US Department of Commerce was expected to agree to a rate of about 10%.
Audi announced plans to build a $4 billion factory near Macon, Georgia.
Documents from a local development authority disclosed that Audi was considering a second phase.
The proposed second phase would add 3,000 jobs.
- Initial factory cost
- $4 billion
- Proposed second phase cost
- $3 billion
- Proposed jobs added
- 3,000 by 2033
- Planned annual output
- 200,000 SUVs
- Planned initial workforce
- 4,500 people
- Georgia tax incentives
- $458 million