China's Auto-Milliarden: Takeover plans for VW works shock Germany!

China's Auto-Milliarden: Takeover plans for VW works shock Germany!

In view of a worrying crisis in the Volkswagen Group, many are concerned about the future of several works in Germany. According to the Reuters news agency, Chinese investors have brought themselves into play who are interested in the possibly surplus production facilities of VW. The CFO of Volkswagen, Arno Antlitz, had already revealed that the manufacturer is fighting around 500,000 vehicles. The works council chief, Daniela Cavallo, announced that at least three works in Germany should be closed-a threatening situation that puts tens of thousands of jobs in danger, such as The future of the locations in Osnabrück and Dresden remains uncertain, even if the IG Metall union was able to reject closure plans for the time being. Insider information indicates that several Chinese electric car manufacturers are looking for production facilities in Europe to avoid the high punitive tariffs on imported electric cars. This could be an opportunity for China to further expand its influence in Germany, a country that is known for its traditional car brands. As reports ORF , the Chinese government is waiting for the results of the upcoming Bundestag election before taking further steps. This means that a takeover is only considered if German politicians and unions agree.

Although Volkswagen refuses to comment on this speculation, the developments raise questions about the German automotive industry in the face of international competition. The future of the traditional works will continue to be pursued with arguments, while the company is pushing at the same time to find profitable solutions.