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Volkswagen crisis: Where the Group could now close plants in China

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Published: September 19th, 2024,
Last updated: September 25th, 2024

Volkswagen and its Chinese partner SAIC are considering closing a plant in the People’s Republic due to dwindling demand for vehicles with combustion engines. A person familiar with the matter told the Reuters news agency on Wednesday that the production of Passat models would be relocated from Nanjing to a nearby factory. Some of the employees from Nanjing would also be transferred to the other plant, the insider added.

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