Volkswagen AG
0.96 (0.77%)
Share Name Share Symbol Market Type
Volkswagen AG XE:VOW3 XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.96 0.77% 125.64 125.64 125.64 125.78 124.54 125.60 941,735 16:35:23

Volkswagen's China Boss Commits to Investment in Region, Handelsblatt Reports

23/11/2022 7:44am

Dow Jones News

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--Volkswagen AG will commit to investing in the Chinese market, despite concerns the car maker is too dependent on the country, the company's head in China, Ralf Brandstaetter, said in an interview with Handelsblatt.

--"If we don't invest more in the region now, in three years we'll no longer have a role in this important market," Mr. Brandstaetter said, according to Handelsblatt.

--Only those who adapt to the speed of development and become more flexible in China have long-term prospects in the country, he added, Handelsblatt says.


Full story: https://bit.ly/3gppjwG


Write to Ed Frankl at edward.frankl@dowjones.com


(END) Dow Jones Newswires

November 22, 2022 09:30 ET (14:30 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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