According to CEO Oliver Blume, Volkswagen talks to Chinese partner companies about their investment plans for Europe. So there are also acquisitions of works in the room. The new axis could be seen in response to US trade policy among the new President Donald Trump.
“We have close partnerships in China, joint venture partner and of course there are also conversations, but no concrete decisions. Of course this must also be prepared carefully, “Blume emphasized on Tuesday at the Reuters news agency.
China’s interest in German VW work
Reuters had learned from insiders that Chinese car manufacturers are fundamentally interested in taking over German VW works that the group from Wolfsburg no longer needs in the long term. An example is the work in Osnabrück, whose closure with concessions from the IG Metall Union could be averted in the recently closed house collective agreement. VW confirmed that VW confirmed that it would continue to use the location. You do not want to comment on further theoretical options or speculation.
If you want to sell cars in Europe, according to IG Metall you must also build your own production and ensure work. Europe needs a “local content strategy”, ie an obligation for foreign providers of products to invest in European locations and receive parts of local production, De Unie recently explained.
Adapted China strategy adapted
Blume told the China company that the market had changed structurally there. “The competition is huge, many new car companies have come on the market.” To close partnerships ”. The goal is to be competitive with electric cars in the medium term. “We are still with the combustion and hybrids.” It is about a structural change in the company. “But we will continue to see perspectives in China in the future – that is the largest car market in the world.”
Car builders prepare Trump’s politics for
Many car manufacturers and other large companies are concerned about the trade policy of the United States among the new President Donald Trump. Because the Republican had threatened punishing rates for imports into the US – including for Europe. “The Volkswagen group has a strong pillar in the United States,” said Blume. “I always represent the position there, if you are involved in regions, you invest there, you must also benefit from cheap customs sets.
Volkswagen Invest in the sector with double digital dollars in factories, in collaboration, in software, in batteries in North – America – “and that should play a role there”. The manager emphasized that the exchange with the US government will continue as you have done in the past.
Source: Krone
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