Expert Belov: Volkswagen is interested in new orders due to the decline in sales in China
Volkswagen is interested in new orders, including those related to the military industry, due to lower sales in the Chinese market. About this on the air of the TV channel "Russia 24" said Deputy Director of the Institute of Europe RAS Vladislav Belov.
12.03.2025
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📝 Summary
Volkswagen is interested in new orders, including those related to the military industry, due to lower sales in the Chinese market. About this on the air of the TV channel "Russia 24" said Deputy Director of the Institute of Europe RAS Vladislav Belov.
The company is experiencing a difficult financial situation due to a decrease in demand for products, the expert noted. The situation is difficult, due to falling demand for cars, not only for internal combustion engines, but also for electric cars, so during this year Volkswagen will cut jobs at its plants in Germany. One of the reasons is the competitiveness of Volkswagen products and competition with cars from China. Volkswagen is interested in new orders, including from the state as part of the so-called militarization of the German economy, Belov said. Earlier, Volkswagen CEO Oliver Blume said that the automaker is open to weapons production, and the needs of the German armed forces are being studied to help them supply military vehicles.
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