Volkswagen bets on US revival despite 3.2% market share

Volkswagen Group CEO Oliver Blume called the US its biggest growth opportunity and said the company will enter the rugged SUV and midsize pickup segments. VW holds just 3.2% of the US market, tariffs cost it over $5 billion a year, and it plans to close four German plants and cut 100,000 jobs.

• Volkswagen's US market share is 3.2%, behind Nissan and Subaru
• US tariffs cost the company more than $5 billion annually
• Four German plants to close and 100,000 jobs cut over four years
• Scout production in South Carolina won't start before 2028