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BRICS: China Interested in Buying Volkswagen, German Cars

  • Chinese officials and automakers are interested in buying German factories, especially Volkswagen's sites, to build influence in Germany's auto industry and avoid EU tariffs on electric vehicles, according to a person with knowledge of Chinese government thinking.
  • Volkswagen plans to close its Dresden and Osnabrueck factories in 2025 and 2027, respectively, and is open to selling the Osnabrueck factory to a Chinese buyer, as reported by a person familiar with the company's thinking.
  • Chinese companies worry about the reception from German unions, which seek site and job guarantees, as confirmed by a person familiar with China's thinking.
  • The new German government's stance towards China will influence investment decisions, especially after the upcoming election in February, according to a person with knowledge of the situation.
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