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Kam sun Leong
China Observer
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Comments by "Kam sun Leong" (@kamsunleong6648) on "Volkswagen Accelerates Exit From China, Announces Sale of Xinjiang Factory" video.
Chinese now prefer their own homemade evs rather than European brands which once ruled their market. These old legacy western brands are now in big trouble with rapidly declining sales. No more milking the Chinese markets. VW especially is in big trouble at home. Closing factories, dealing with striking workers, and reporting massive drop in profits this year.
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VW is on big trouble back home. Factories closing and workers on strike. Can't look to China to save them anymore since their sales there are also falling rapidly , causing a reported 60% drop in profits.
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Very true. VW made the most profits from their biggest market for many years and now gave in to Western pressures. Now they are in big trouble back home. Closing factories and workers on strike. Due to falling sales in China, their profits reportedly dropped almost 60%. Serves them right. No morals.
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