Volkswagen CFO Arno Antlitz said the carmaker wouldn't invest in unproductive factories, paving way for new battle with workers.
Chinese officials and automakers are eyeing German factories slated for closure and are particularly interested in Volkswagen's sites , a person with knowledge of Chinese government thinking told Reuters.
Volkswagen Car Deliveries Fall
Volkswagen Group achieved 9.03 million vehicles delivered worldwide in 2024, down 2.3 percent on the previous year (9.24 million vehicles). Lower sales in China last year dragged Volkswagen Group ...
Bad news keeps coming for foreign automakers in the world's biggest car market as two German marques reported big declines in deliveries in China.
Sales of all types of electric vehicles rose more than 40% in China last year while those of gasoline-powered automobiles plunged.
XPeng and Volkswagen will work together to build a network of more than 20,000 charging units to be installed in 420 cities.
At the beginning of 2025, German automobile giant Volkswagen and Chinese new energy vehicle (NEV) maker XPENG announced their strategic collaboration
Chinese investors and officials are considering purchasing German automotive factories that are on the brink of closure, with a particular focus on those owned by Volkswagen, reported Reuters. This move could potentially bolster China's presence in the German auto industry.
China's commerce ministry kicked off subsidised auto trade-ins on Friday, extending a program likened to the U.S. "cash-for-clunkers" stimulus that had bolstered China's car sales last year.
A new PwC report breaks down the issues facing the auto industry and make predictions on where the rubber meets the road in 2025.
Chinese automakers looking to bypass tariffs and make a powerful statement could go after Germany's idled car factories.