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The news agency Reuters reports that Chinese car manufacturers are interested in German Volkswagen plants.
The plants in Dresden and Osnabrück could be closed in 2025 and 2027, which theoretically makes the takeover attractive.
Trade unions are demanding job guarantees, while China is calling for a fair investment environment.
Chinese car manufacturers have signaled interest in two German Volkswagen production plants that are likely to be closed. This was reported by the Reuters news agency, citing insiders. The plants concerned are in Dresden, which could be shut down in 2025, and Osnabrück, which is due to close in 2027.
The companies in question are BYD, Leapmotor and Chery Auto. A potential takeover would allow the companies to strengthen their position on the German market and, above all, avoid high EU tariffs on electric cars.
They would also benefit from the expertise of the German automotive industry. Nevertheless, there are obstacles, according to Reuters: Trade unions in Germany, which played a weighty role in company decisions, have already voiced criticism and are demanding job guarantees for the employees affected.
At the same time, the government in Beijing has demanded a fair investment environment from Germany. Germany recently identified its dependence on China as an economic risk factor and tightened its policy towards Chinese investments.
Reuters also referred to an insider who said that VW was open to selling the plant in Osnabrück to a Chinese buyer. The company does not comment on "such speculation", "Bild" quoted a company spokesperson as saying. The Group is committed to the continued use of the plant in Osnabrück. According to the spokesperson, the aim must be to find a viable solution that takes into account the interests of the company and its employees.
