Volkswagen weighs Chinese models for Europe
CEO Oliver Blume explores sharing European plants with Chinese partners to boost productivity. The group reported a profit drop to 2.5 billion euros for the first quarter.
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Xurve View
VOLKSWAGEN AG may build China-specific models in Germany after operating profit fell 14% to 2.5B euros. The result missed analyst expectations for a flat quarter as revenue dropped 2.5% to 75.7B euros. Investors are tracking the group’s overhaul as it faces a 4B euro tariff hit and weakening EV demand.
