Volkswagen, SAIC
Volkswagen Continues To Face Challenges In China, Rated Hold
Volkswagen is struggling to compete in China's growing NEV market, with partnerships in place for potential software improvement. Read more here.
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 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-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 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 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 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 China partner SAIC set to close car plant as sales shrink
VW and SAIC are cutting capacity and conducting a strategy review of the Skoda brand in China after a steep dropoff in sales.
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.
Reuters on MSN20h
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, ...
Electrek21h
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 ...
devdiscourse20h
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.
E&E3d
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 ...
Volkswagen May Be Very Cheap For A Reason
Volkswagen faces financial challenges amidst market share loss, high costs, and supply chain disruptions. Learn why VWAGY ...