Volkswagen to Exit China’s Xinjiang Region After 12 Years
3 days ago · Volkswagen responded by setting up a 3,000-engineer complex in central China to develop electric cars. Volkswagen said that through 2040, it would continue its broader cooperation with SAIC in ...
Volkswagen sells its car plant in Xinjiang, citing ‘economic reasons ...
3 days ago · Volkswagen has sold its plant in Xinjiang, a region in northwestern China beset by accusations of human rights abuses, citing “economic reasons.” “There is no business case for (the plant ...
Volkswagen and Chinese partner SAIC to sell ... - Associated Press News
3 days ago · Volkswagen and SAIC Motor say they have agreed to extend their 40-year-old automaking joint venture in China until 2040. ... The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential ...
Volkswagen says to sell operations in China's Xinjiang
3 days ago · German car giant Volkswagen said Wednesday it would sell its operations in China's Xinjiang region, where Beijing has been accused of widespread human rights abuses including forced labour.
Volkswagen's controversial Xinjiang plant sale signals strategic …
2 days ago · Volkswagen's (VW) sale of a controversial plant in China will come as a relief to the German carmaker, as it rationalises its flagging operation amid cutthroat competition in the world's largest ...
VW buckles after years of pressure to sell up in Xinjiang
3 days ago · SHANGHAI/BERLIN (Reuters) -Volkswagen will sell its operations in China's Xinjiang, it said on Wednesday, after years of mounting pressure to abandon its presence in a region where rights groups ...
How Volkswagen Lost Its Way in China - The New York Times
Oct 31, 2024 · For four decades, Volkswagen Group was the market leader in China, where drivers prized its wide range of cars, from frugal Volkswagen Santanas to potent Audis and Porsches. But VW has been...
Volkswagen revamps its approach in China in bid ... - Associated Press News
Apr 24, 2024 · The Volkswagen Group, which also includes Audi and Porsche, plans to launch 40 new models in China over the next three years and to have a lineup of 30 EVs by 2030 in what Volkswagen CEO Oliver Blume told investors Wednesday is the …
China, price cuts and costs: the fuel driving Volkswagen's crisis
Sep 6, 2024 · Profits from China, Volkswagen's single biggest market, have nearly halved over the past decade to 2.6 billion euros in 2023. Expected to rise to around 3 billion euros by 2030, they will barely...
Volkswagen plans stop to production at jointly-owned China plant
Sep 18, 2024 · Volkswagen is planning to stop production at one of its combustion engine car plants in China, a person with direct knowledge of the matter said, in a sign of carmakers' struggles to manage...