Company/Division name | Volkswagon |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2023 |
Year reshoring implemented or to be implemented: | 2030 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 7000 |
Country(ies) from which reshored: | Germany |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | EVs |
What domestic positive factors made reshoring more attractive? | Government Incentives, Buy American Act, Biden |