Porsche has rejected reports suggesting it plans to move part of its vehicle production to the United States, pushing back on claims the automaker is seeking to mitigate potential tariff impacts.
A spokesperson for the German luxury carmaker dismissed a Bloomberg report that CEO Oliver Blume was weighing whether to shift the final stages of assembly, such as fitting interiors or tires, to the U.S. Bloomberg cited unnamed sources in its report, suggesting the move was under consideration as the company faces economic headwinds and intensifying global competition.
Porsche, which currently does not produce vehicles in the U.S., is considered more vulnerable to tariff exposure, similar to Volkswagen’s Audi brand. Moreover, the automaker is contending with declining global demand, intense competition in China, and sluggish consumer adoption of its electric vehicle models.
The company reiterated its position that U.S. localization doesn’t make financial sense given its relatively low sales volume. In April, Porsche CFO Jochen Breckner said even a partnership with another Volkswagen Group brand would not justify a move to U.S. production.
Meanwhile, Audi has confirmed plans to manufacture its best-selling models in the United States, with a location announcement expected later this year. Audi claims the plan was in place prior to Donald Trump’s return to the White House.
Although Porsche CEO has held discussions with U.S. officials about expanding Volkswagen Group’s footprint in the country through what he described as “massive investments,” no details have been disclosed due to confidentiality agreements.
