- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
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, says source
This would help Chinese companies sidestep tariffs, but also to keep some of those jobs, I guess.
It’s hard to figure out what other course of action they have at this point. VW’s factories in the rest of the world (including in China) have been propping up their loss-making German operations for years; it’s not sustainable.