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Volkswagen: Why Volkswagen is building a team of 3,000 engineers in China

Volkswagen is revamping its strategy in China, creating a "China for China" initiative due to the country s dominance in the electric car market. The move includes hiring Chinese engineers, setting up an electric car plant in Hefei, and replacing European suppliers with Chinese ones. This shift, driven by China s EV growth and cost-effective production, impacts job cuts in Germany and shapes a competitive landscape challenging traditional carmakers. ....

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MG Motor India Announces Price Hike For All Models From January 2024 Onwards

The price hike is in relation to increased commodity prices and the rising costs attributed to inflation ....

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