Volkswagen CEO Oliver Blume told reporters that producing a majority of cars in Germany before exporting them all over the world “doesn’t work anymore.”
Volkswagen CEO Oliver Blume told reporters that producing a majority of cars in Germany before exporting them all over the world “doesn’t work anymore.”
Kinda of unfair. The Chinese government essentially mandated that cars needed to be built in China if OEMs wanted to sell cars in China, I doubt OEMs were willing to lose 40+% of their sales just because they didn’t have factories in China.
Of course it was a lose-lose situation, as they will just get their parts copied and lose market percentage.