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Chinese officials eye Volkswagen factories
Chinese buyers said to be interested in unwanted German Volkswagen factories
Car giant VW to wind down production at 2 factories, China could buy factories for foothold in Germany Read more at straitstimes.com.
Exclusive-Chinese Buyers Interested in Unwanted German Volkswagen Factories, Source Says
Volkswagen is exploring alternative uses for its Dresden and Osnabrueck factories under a cost-cutting drive to pare back its German operations. Europe's biggest automaker, which owns brands including Porsche, Audi and Skoda, has suffered a fall in sales in the face of rising competition from Chinese companies.
Chinese officials eye Volkswagen factories as long-term investment
Chinese officials are showing strong interest in Germany's automotive sector, particularly in acquiring factories from established manufacturers like Volkswagen (OTCPK:VLKAF). The strategic move is aimed at enhancing China's influence in Germany's car industry and circumventing European Union tariffs on imported electric vehicles.
2d
on MSN
Volkswagen CFO delivers broadside to unproductive workers as China emerges as a potential buyer of factories
Volkswagen CFO Arno Antlitz said the carmaker wouldn't invest in unproductive factories, paving way for new battle with ...
2d
on MSN
Chinese Automakers Could Snap Up VW’s Empty European Plants
Volkswagen’s plan to close two factories to cut costs could fast-track Chinese brands' production ambitions in the region ...
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15h
Volkswagen speeds up electrification, innovation in China
The company kickstarted development of China Electronic Architecture (CEA), a joint project of Volkswagen China Technology ...
4d
on MSN
Volkswagen Car Deliveries Fall as Challenges in China Continue
VW delivered fewer cars in 2024 as it continued to be hit by rivals cutting prices to win customers in China, its largest ...
4d
Volkswagen deliveries drop in tough year at home and in China
Volkswagen's unit sales fell 2.3% in 2024 to just over 9 million vehicles, the German automaker reported on Tuesday, as it ...
21h
China crisis looms as Europe's gravy train stalls: 'nobody is making money'
It was just past 11 on a freezing December morning on the outskirts of Brussels, but already workers at the city's Audi factory were cracking open frosty cans of beer. They had just finished a long ...
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Volkswagen delivers over 2.9 million cars in China in 2024
HEFEI -- Volkswagen Group delivered over 2.9 million vehicles in the Chinese market in 2024 while its global vehicle ...
5d
on MSN
VW’s Refreshed Talagon Remains A Chinese Special
Fittingly, the rear of the Talagon has been refreshed with new taillights with a more intricate LED signature and a new light ...
12d
on MSN
XPeng, Volkswagen Team Up to Build Super-Fast EV Charging Network in China
XPeng and Volkswagen will work together to build a network of more than 20,000 charging units to be installed in 420 cities.
5d
on MSN
China’s electric car sales grew in 2024 as sales of gasoline cars plunged
Sales of all types of electric vehicles rose more than 40% in China last year while those of gasoline-powered automobiles ...
1d
Chinese firms eye VW’s struggling German plants – report
Separate sources indicated that Chinese investors have also considered plants in Western Europe, including Ford's facility in ...
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