Volkswagen is open to allowing Chinese carmakers to take over its excess production lines in Europe, as it grapples with falling demand and rising competition from the very same companies eyeing its factories.
Executives at Audi and VW’s eponymous flagship brand told the Financial Times that partnering with Chinese makers of EVs, which are looking to expand their footprint in Europe, was one option to address declining sales in the region.
“For sure, that is thinkable,” said Gernot Döllner, chief executive of Audi. Such a move would “lower the entrance barrier of these competitors”, adding: “I believe in free trade.”
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