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@igwennannaotu . 5 months ago
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igwennannaotu Chinese automakers are circling Germany’s iconic auto factories, including Volkswagen’s struggling Dresden and Osnabrueck sites, aiming to snap them up for EV production to dodge EU tariffs. With Volkswagen reeling from plummeting sales and fierce competition from Chinese EV giants, the Osnabrueck plant - home to 2,300 workers - could be sold for up to €300M. For China, securing a foothold in Germany, the heart of Europe’s auto industry, would be its boldest and most politically charged move yet. Sources: Reuters

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