Car giant VW to wind down production at 2 factories; China could buy factories for foothold in Germany. Read more at straitstimes.com.

Volkswagen is facing a serious crisis in Europe, which has pressured the automaker to reduce costs and restructure its operations.

Volkswagen has confirmed the start of discussions with its Chinese partners regarding potential investment in its German plants. VW Group CEO Oliver Blume told a conference in Berlin today that these ...

A source from Germany's foreign office said China had evolved to become a systemic rival. Volkswagen is exploring alternative uses for its Dresden and Osnabrueck factories under a cost-cutting ...

It aims to complete its debut European plant in Dresden in 2027. The plant targets a quadrupolar production plan with principal plants in Taiwan, Japan, the U.S., and Germany. Meanwhile ...