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China on a spending spree: Will Beijing save our car manufacturers?
China shows interest in buying Volkswagen due to factory problems in Germany, which could strengthen BRICS influence.
China on a spending spree: Will Beijing save our car manufacturers?
China on a buying spree? German car factories in sight!
China, the economic power in the Far East, has its eye on struggling German car factories - including none other than Volkswagen! This incredible revelation is coming, as watcher.guru reports. In the midst of a global economic downturn, the German auto industry is fighting for survival, but China sees this as a golden opportunity: a springboard into the heart of the German automotive world!
Volkswagen, the German car flagship, could become the key to Europe's roads for China. This mega-investment would not only free Beijing from EU tariffs, but would also put heavy pressure on the competitiveness of European manufacturers. While China has already dipped its fingers into German areas such as telecoms and robotics, buying iconic cars like VW would be a first. The tension is rising as the political course will be reset in February - will Germany decide to embrace or remain cautious towards the Asian giant?