FILE PHOTO: A new logo of German carmaker Volkswagen is unveiled at the VW headquarters in Wolfsburg, Germany September 9, 2019. REUTERS/Fabian Bimmer
VW said it will invest 1 billion euros to take a 50% stake in the state-owned parent of Anhui Jianghuai Automobile Group , also raising its stake in an existing electric vehicle joint venture with JAC to 75% from 50%. In a separate transaction, VW said it will pay 1.1 billion euros to acquire 26.5% of Guoxuan High-tech Co Ltd , a maker of electric vehicle batteries, becoming its biggest shareholder.Reuters exclusively reported on Wednesday that Volkswagen was in final talks to invest in the two companies.
VW is betting bigger on China market than the USA market. Donald Trump realDonaldTrump should put additional Tariffs on VW vehicles. Really! SecPompeo
Amid numerous 'warnings' of international capitals leaving China or Hongkong circulating on western media recently, the VW group is going to invest 2.1 billion euros in two Chinese electric vehicle players. What a contrast! We expect more contrasts to happen.
Not surprised. Nazis love each other.
Ok. I get “business is business” but don’t you VW think this sends the wrong message when China is busy clamping down on HongKong? AngelaMerkeICDU do you have any thoughts, please?
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