Car giant VW to wind down production at 2 factories, China could buy factories for foothold in Germany Read more at straitstimes.com.

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.

According to anonymous sources cited by "Reuters," Chinese manufacturers are seriously considering acquiring German Volkswagen factories slated for closure. If this sale occurs, it would be an unprecedented situation.

A new report claims Chinese carmakers are interested in buying Volkswagen's factories in Germany, but this could be only a pipe dream of a company in distress

Chancellor Olaf Scholz on Friday laid out his vision to secure the future of Germany's ailing economy at a campaign event in the historic home base of the crisis-hit auto titan Volkswagen. The embattled chancellor,

Car giant Volkswagen to wind down production at two factories China could buy factories for foothold in Germany, says source Volkswagen open to selling to China buyer,

CFO Arno Antlitz, speaking to investors in New York on Tuesday, said that the cost-cutting deal struck with unions last December tackled the carmaker's problems of high labour costs and capacity underutilisation.

VW produces and sells vehicles around the world. Its Germanness is an important selling point, but the company is equally at home in China, Brazil and the US. Its dependence on foreign markets may soon come to bite.

Volkswagen's unit sales fell 2.3% in 2024 to just over 9 million vehicles, the German automaker reported on Tuesday, as it struggles to cut costs at home and fight a price war in China, its biggest market.

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 night shift - not on one of the production lines at a plant that has produced 8 million cars since 1949,

Chinese automakers and officials are showing interest in acquiring German factories slated for closure, including those owned by Volkswagen

Chinese new energy vehicle (NEV) manufacturer Li Auto on Friday inaugurated its first overseas research and development (R&D) center in Munich, Germany, in a milestone move signaling deepening ties between China and Germany in the burgeoning NEV sector.