European Automakers Scramble to Stay Competitive Amid Plant Closures. Amid a backdrop of intensifying competition in the European market, Volkswagen is reportedly considering a bold move to let Chinese companies use its underutilized factories. This strategic shift echoes a similar approach taken by rival Stellantis, which has already begun partnering with Chinese firms to breathe new life into its underutilized plants. As the industry grapples with declining sales and increasing pressure to cut costs, VW's potential decision could signal a seismic shift in the way European automakers adapt to the changing landscape.
VW could join rival Stellantis in letting Chinese companies use underutilized factories as the industry fights to stay competitive in Europe, where plant closures and workforce reductions are ...
