BERLIN, June 6 (Reuters) - Porsche has no

plans to shift any part of its production process to the U.S., a

spokesperson said on Friday, dismissing a Bloomberg report

saying the company was considering such a move to mitigate the

effects of tariffs.

The luxury carmaker, like Volkswagen's Audi,

does not produce vehicles in the U.S., leaving it heavily

exposed to tariffs at a time when it faces the challenges of

falling demand, fierce competition in China and slow uptake of

its electric models.

Bloomberg, citing unnamed sources, reported on Friday

that Porsche CEO Oliver Blume, who also leads the wider

Volkswagen Group, was considering moving the final stages of

model assembly, such as the installation of interior components

or fitting of tires to the United States.

A spokesperson for the carmaker said no such plans were

in place.

Porsche's finance chief Jochen Breckner said

in late April

that localisation made no sense given its low vehicle

sales, even if the group were to team up with another VW brand.

Volkswagen's Audi brand plans to produce its

best-selling models in the U.S. and will announce a location

this year, although the brand has said that the plan pre-dates

the Trump administration.

Blume said

last week

that he had engaged in discussions with Washington to

expand the Volkswagen Group's presence in the United States

through "massive investments", but declined to provide details,

citing confidentiality.