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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Coverage Details
Total News Sources0
Leaning Left6Leaning Right9Center3Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 33%
C 17%
R 50%
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