Volkswagen Explores Buying Stakes in Chinese Auto Suppliers -Bloomberg
23 August 2019 - 10:34AM
Dow Jones News
--Volkswagen is exploring potential investments in Chinese
automotive suppliers, as it seeks access to key technology in the
world's largest car market, Bloomberg reports, citing people
familiar with the matter.
--Options under discussion include buying equity stakes or
forging joint ventures with Chinese suppliers, and the German auto
maker has been examining several possible targets including battery
maker Guoxuan High-Tech Co., Bloomberg says.
--No final decisions have been made, and there is no certainty
the deliberations will lead to a transaction, the sources told
Bloomberg.
Full story: https://bloom.bg/2ZmstTh
Write to Singapore editors at singaporeeditors@dowjones.com
(END) Dow Jones Newswires
August 23, 2019 04:19 ET (08:19 GMT)
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