Volkswagen To Spend $2.2 Billion To Expand In China’s Electric Car Market
Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China’s electric car industry in the biggest foreign investment announced since the country’s economy began to reopen following the coronavirus pandemic. Volkswagen AG said it will buy…
Volkswagen Production In Wolfsburg Begins Again
“Step-by-step resumption of production is an important signal for the workforce, dealerships, suppliers and the wider economy. In terms of managing the crisis, though, this is just the first step. Additional momentum is needed to stimulate demand in Germany and…
Volkswagen’s Seat Brand Postponed China Entry
The China market entry of Volkswagen Group’s Seat brand, where it was to develop a small electric vehicle, has been postponed by changing business conditions and a revision of VW Group’s strategy. Interim CEO Carsten Isensee announced the change in plans…
