VW and China Partner SAIC Set to Close Plant
Volkswagen and JV partner SAIC plan to close China plant, Bloomberg reports
Volkswagen and its Chinese joint venture partner SAIC plan to close at least one plant in China due to slow demand for combustion engine cars, Bloomberg News reported on Wednesday, citing people familiar with the matter.
VW and China Partner SAIC Set to Close Car Plant as Sales Shrink
Volkswagen AG and its oldest Chinese partner plan to shutter one plant in China and possibly more in response to slowing demand for combustion-engine cars, in a further pullback after the venture’s first factory ceased output.
Volkswagen-SAIC could close production site in China
Due to weak demand for cars with combustion engines, Volkswagen and its partner SAIC could close a factory in China. In the US, the carmaker has had to pause the production of the ID.4., while there is good news from Brussels.
Volkswagen weighs another plant closure, this time in China as domestic EVs take control
Volkswagen is facing another possible plant closure, this time in China, the company’s largest market. Although China is VW’s
Volkswagen plans stop to production at jointly-owned China plant
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 overcapacity in the world's biggest car market.
Volkswagen Plans To Shut Down One Plant In China: Reports
(RTTNews) - Volkswagen AG and its Chinese joint venture partner SAIC Motor reportedly plan to shutter one plant in China. The JV is preparing to close a factory in Nanjing as soon as next year, according to Reuters, citing people familiar with the matter.
VW And SAIC May Shut A Chinese Plant As ICE Sales Slow
Volkswagen and its Chinese joint venture partner SAIC Motor Corp plan to shut a factory in Nanjing as early as next year due to declining local sales of some combustion-powered vehicles and the rising popularity of EVs.
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Volkswagen's Controversial Xinjiang Audit Sparks Investor Concerns
An audit of Volkswagen's site in Xinjiang, China, failed to meet international standards according to an FT report.
As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried
Volkswagen is considering closing some factories in its home country for the first time in the German automaker’s 87-year ...
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NIO (NIO) eyes buying Volkswagen plant in historic market shake up
China’s NIO (NIO) is considering buying Volkswagen’s Audi plant in Brussels. Volkswagen’s plant is at risk of being shut ...
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Volkswagen's audit of Xinjiang plant failed to meet international standard, FT reports
Sept 19 (Reuters) - An audit commissioned by Volkswagen (VOWG_p.DE), opens new tab into its jointly owned site in Xinjiang, ...
Volkswagen's Crisis And The Way To Come Out Of It
Volkswagen's CFO warned the company is running out of time against Chinese competition. A new and exciting IPO may be needed.
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Volkswagen is the anti-Tesla, and China is to blame
The German carmaker faces a triple threat from China, a lagging EV transition and labor worries. In Volkswagen’s heyday at ...