Volkswagen's China Boss Commits to Investment in Region, Handelsblatt Reports
23 November 2022 - 8:44AM
Dow Jones News
--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)
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