Thursday, February 6, 2025

Chinese brands want to take over Volkswagen's factories in Germany

A number of Chinese car brands are reportedly interested in taking over the car factories that Volkswagen is closing already this year.

Several Chinese car brands have expressed interest in taking over the factories that Volkswagen plans to close in Germany between 2025 and 2027. These are the factories in Dresden and Osnabrück, where production is scheduled to cease.

Reuters news agency reports that Chinese automakers see an opportunity to establish themselves in the heart of the European auto industry by taking over Volkswagen's factories.

A source close to Volkswagen says the company is open to selling the factory in Osnabrück to a Chinese buyer.

"VW would be open to selling the Osnabrück plant to a Chinese buyer," the source, familiar with the plans, told Reuters .

However, Volkswagen has emphasized that they are continuing to work to find a solution that ensures a sustainable future for the factories and takes into account the interests of employees.

"We are determined to find a continued use for the factory. The goal must be a sustainable solution that takes into account the interests of the company and employees," a spokesperson from the brand told Reuters.

The takeover of the factories in Germany would give Chinese car brands quick access to the European market. For Volkswagen, a sale would mean they could divest assets that are no longer profitable.

However, the issue of a possible sale is politically sensitive. The German government has taken a more critical stance towards China in recent years, and a sale of some industries to Chinese companies may meet resistance.

Former Chancellor Angela Merkel fostered a close relationship with China, which benefited German car brands. Today, the situation is different. Chinese consumers increasingly prefer domestic electric cars, and sales of German cars in China have fallen.

READ ALSO: Popular traffic alarm breaks the law

German Foreign Minister Annalena Baerbock recently described Chinese President Xi Jinping as a dictator and China as a rival. This changed political situation could influence the decision on a possible sale of Volkswagen factories.

For the German workers at the factories in Dresden and Osnabrück, the interest from Chinese car brands offers a glimmer of hope.

"I could imagine that we would produce something for a Chinese company, but under the VW logo and under VW standards. Those are some of the conditions," says spokesman for IG Metall in Osnabrück, Stephan Soldanski.

Analysts warn against expecting too much, however. The German government will have limited influence over Chinese owners, and Chinese car factories are often more automated than traditional German factories.

It is unknown how the situation will develop, but the interest from Chinese car brands underlines the challenges facing the German automotive industry.

Latest

Don't miss

Losing billions – but now their electric cars are making a profit

Last year, the General Motors Group earned $6 billion...

Toyota is the world's largest car brand for the 5th consecutive year

Despite a decline in sales, no one can beat...

Ferrari now earns more than 1 million kroner per car

In 2024, Ferrari sold 13,752 cars. And that's good...

Aston Martin rejects: No thanks to electric cars for 2040

Adrian Hallmark, who took over as director of Aston...

The Elon effect? Now Tesla's prices are plummeting

Prices for used Tesla models are plummeting in Europe's...
Boosted Magazine
Boosted Magazine
Boosted in Denmark has over a million unique users, surpassing two million sessions, and accumulating over seven million page views each month, and our platforms has become a hub for automotive enthusiasts. Now you can enjoy our content in English too! Enjoy our free car news - every day. Want to talk to us? Write an email to boosted@boostedmagazine.com
spot_img

There are now less than 2.5 million fossil cars in Denmark.

The latest figures show that there are now less than 2.5 million fossil-fuel cars in Denmark. On the other hand, electric cars are lagging...

Monitoring the car brands – now they are going to fire 1,000 people

The EPA - or Environmental Protection Agency - which enforces US environmental laws against car brands, is announcing layoffs of 1,000 employees. Trump has...

Volvo loses billions – has never been worth less

Volvo Cars' stock has hit a new low. In fact, the car brand has never been worth less after the market's reaction to the...

Car brands are firing all their dealers in Denmark

On February 6, both Ford and Hyundai, which are imported into Denmark by the same Nic. Christiansen group, announced that all dealers had been...

Jason Watt becomes Formula 1 commentator – debut March 16

The former racing coach joins Viaplay's Formula 1 team and makes his debut as an expert and commentator at the Australian Grand Prix. When...

Newspaper: EU regrets ban on petrol and diesel cars

According to the German newspaper Der Spiegel, several EU-elected politicians now regret the strict ban policy aimed at gasoline and diesel cars. The European...

Tesla plummets in Germany – sales more than halved

Tesla sales are plummeting in Europe's largest car market. The Americans sold just 1,277 cars in Germany during January. That's a drop of 59...

Russia's new electric car runs on 50 screwdrivers

Okay - the car may not be new. But there's still room for the 50 screwdrivers, right where the Lada's engine would otherwise have...

Car brand in crisis – cuts everything by 70 percent

Mitsubishi is not doing well at the moment. The brand, which is practically dormant in Denmark, is now lowering its expectations for 2025 by...

ISUZU D-MAX dominates the pickup market in Denmark

ISUZU D-MAX became the best-selling pickup in Denmark in January with a market share of 40.48%. New sales figures show that the model continues...

Volvo accuses Kåre of smashing his own electric car

Volvo believes a Norwegian man has crashed his own electric car. In any case, the accelerator was pressed all the way down, says the...

Volkswagen unveils new electric car for 150,000 kroner

The director of Volkswagen, Thomas Schäfer, believes that it will be like entering the Champions League with an electric car for 150,000 Danish kroner....