[VW Executive: High Tariffs Make Auto Exports to US "Meaningless"] According to Xinhua News Agency, Oliver Blume, Chairman of the Management Board of Volkswagen Group and CEO of Porsche, recently stated in Stuttgart, a city in southern Germany, that the US's current tariff hike on imported cars means that no matter what sales strategies companies employ, they are unlikely to be effective, and exporting from Germany to the US "no longer makes sense.