German carmakers have come under intense pressure from local competitors in China in recent years, with worldwide sales and profits suffering amid their slump in China.

Volkswagen CEO Oliver Blume told reporters that producing a majority of cars in Germany before exporting them all over the world “doesn’t work anymore.”

  • frongt@lemmy.zipEnglish
    1·
    5 hours ago

    They probably did the math on letting China copy them now or over the course of a few years.