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Exclusive: Chinese buyers interested in unwanted German Volkswagen factories, source says

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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.
Chinese automotive companies are showing interest in acquiring Volkswagen's unwanted factories in Germany, as reported by a source to Reuters on January 16, 2025. This interest comes at a time when Volkswagen is looking to streamline its operations and reduce costs, potentially by selling off less profitable or redundant manufacturing sites. The move reflects broader trends in the automotive industry where traditional manufacturers are facing increased competition from electric vehicle makers and are seeking strategic partnerships or divestitures to adapt to the rapidly changing market dynamics. The potential acquisition by Chinese firms could also be seen as part of their strategy to expand their global manufacturing footprint and gain access to established production facilities in Europe.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/chinese-buyers-interested-unwanted-german-volkswagen-factories-source-says-2025-01-16/ ]