Volkswagen must deepen cost cuts to remain competitive against Chinese brands increasingly taking aim at the German auto group’s home market, CEO Oliver Blume said
Volkswagen must deepen cost cuts to remain competitive against Chinese brands increasingly taking aim at the German auto group’s home market, CEO Oliver Blume said
But it is easier to sell out to China. Short term profit, no need for long term planning and risjs that those include. Those manufacturers no longer care for their brand or long term sustainability. In such case closing factories and selling what they have makes most sense. In the end they still can cry ‘China bad’ anyway.