Czech carmaker Skoda Auto, part of Volkswagen , is considering withdrawing from China and will make a final decision next year, CEO Klaus Zellmer was quoted as saying by the weekly magazine Automobilwoche.
An employee wipes the bonnet of Skoda Enyaq as Skoda Auto carmaker launches production of MEB battery systems in Mlada Boleslav, Czech Republic, May 17, 2022. REUTERS/David W Cerny, is considering withdrawing from China and will make a final decision next year, CEO Klaus Zellmer was quoted as saying by the weekly magazine Automobilwoche.
"The competition is very intense there, so we will consider, together with our Chinese joint venture partner, how we want to proceed," Zelmer was quoted as saying. "If we want to focus our energy, it's worth checking all scenarios and then deciding." The chief executive said the company could consider simply selling cars in China rather than also producing them there.Volkswagen did not immediately reply to request for comment.Our Standards:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World's first Chinese-made passenger aircraft takes to the skiesChina delivered its first ever homegrown large passenger aircraft to China Eastern Airlines: The C919 Comac.
Read more »
Volkswagen Reveals Plans For Wolfsburg FactoryVolkswagen continues to ponder what course It wants to take to the electric car future under new CEO Oliver Blume.
Read more »
This $11 Million Hawaii Mansion Comes With Stunning Pacific Views—And a Classic CarPostmates cofounder Bastian Lehmann is sweetening his sale with his vintage 1973 Volkswagen Thing.
Read more »
The Bizarre Reason Volkswagen Used 195/65R15 Tires on a Ton of Its CarsThe bizarre reason Volkswagen used 195/65R15 tires on a ton of its cars.
Read more »
The Bizarre Reason Volkswagen Used 195/65R15 Tires on a Ton of Its CarsThe bizarre reason Volkswagen used 195/65R15 tires on a ton of its cars.
Read more »
China launches hyperspectral Earth-imaging satellite to orbit (video)The satellite adds to China's Earth observation system.
Read more »