World News@lemmy.worldEnglish · 5 hours ago

Volkswagen says it can now make cars entirely in China

www.japantimes.co.jp

Volkswagen says it can now make cars entirely in China

www.japantimes.co.jp

schizoidman@lemmy.zip to

World News@lemmy.worldEnglish · 5 hours ago

German carmakers have come under intense pressure from local competitors in China in recent years, with worldwide sales and profits suffering amid their slump in China.

Volkswagen CEO Oliver Blume told reporters that producing a majority of cars in Germany before exporting them all over the world “doesn’t work anymore.”

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drunkosaurus@lemmy.dbzer0.com
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34 minutes ago

cheaper

The funny thing is, I guarantee you right here and now that none of those cost savings will make it into the price of the final product.

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