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.

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 ...