financetom
Business
financetom
/
Business
/
VW CEO confirms talks with Chinese JV partners on investing in German plants
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
VW CEO confirms talks with Chinese JV partners on investing in German plants
Jan 28, 2025 2:34 AM

BERLIN, Jan 28 (Reuters) - Volkswagen and its Chinese

partners have discussed the possibility of them investing in

plants in Germany, VW Chief Executive Oliver Blume told Reuters

at a conference on Tuesday, after Reuters reported that Chinese

investors were interested in buying up German factories.

Asked whether he would consider selling a German factory to

a Chinese investor, Blume, speaking at a conference in Berlin

organised by German publication Welt, said: "It is always

positive when companies invest in Europe ... we have close

partnerships in China and of course, there have been

conversations, but no concrete decisions."

Volkswagen has three joint venture partners in

China - SAIC, FAW and JAC - and owns a stake in Chinese EV

startup Xpeng ( XPEV ), none of whom currently have production capacity

in Europe.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
What's Going On With Oracle Stock?
What's Going On With Oracle Stock?
Sep 11, 2024
Oracle Corporation ( ORCL ) stock has gained more than 11% following Monday's better-than-expected earnings release and partnership announcements. What To Know: Oracle beat analyst expectations on the top and bottom lines in the first quarter, and CEO Safra Catz highlighted growth in operating income and earnings per share as Cloud Services became Oracle's largest business.  The company also announced...
Factbox-US banking executives inject caution on elevated expectations
Factbox-US banking executives inject caution on elevated expectations
Sep 11, 2024
(Reuters) - Executives at some top U.S. banks cautioned against overly optimistic earnings projections and warned that the dealmaking environment was lagging expectations, clouding the outlook for a sector under stress since last year. Their comments, made at a Barclays conference in New York, overshadowed concessions made by regulators over the Basel Endgame proposals - a set of highly contentious...
Amesite User Count for NurseMagic App Surges 27% After Influencer Campaign
Amesite User Count for NurseMagic App Surges 27% After Influencer Campaign
Sep 11, 2024
01:43 PM EDT, 09/11/2024 (MT Newswires) -- Amesite ( AMST ) said Wednesday that there was a 27% increase in users for its NurseMagic application after release of social media videos in engagement with influencer Nurse Hailey. The application ranked 33 in the medical category for free tools after its debut on the app store, Amesite ( AMST ) added....
Update: Manchester United's Shares Fall as Fiscal Q4 Adjusted Loss Widens, Revenue Drops
Update: Manchester United's Shares Fall as Fiscal Q4 Adjusted Loss Widens, Revenue Drops
Sep 11, 2024
01:57 PM EDT, 09/11/2024 (MT Newswires) -- (Updates with stock move in the headline and first paragraph.) Manchester United's ( MANU ) shares fell 5.8% in Wednesday afternoon trading after the company reported a fiscal Q4 adjusted loss of 15.79 pence ($0.21) a share, wider than the loss of 6.18 pence a year earlier. One analyst polled by Capital IQ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved