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Meanwhile, Volkswagen’s two local joint ventures collectively accounted for a whopping 15% of China’s retail auto market last year.
Retired and no longer having to commute to work, he was sold on Volkswagen’s battery electric vehicle, a sporty four-door crossover SUV that had more than enough range for his needs and would require less maintenance.
With a view to its competitors, the group could not assume that it would be able to avoid cutting costs, Porsche, who also sits on Volkswagen’s supervisory board, said.
Source: https://www.shorenewsnetwork.com/2023/09/04/volkswagens-family-ownership-not/