VW CEO counts on diplomacy to ease trade spat with U.S.

Volkswagen CEO Herbert Diess is hopeful that diplomacy can help defuse trade tensions with the United States, which is exploring putting tariffs on auto imports.


China said to back private investment in state automakers

China is considering encouraging state-owned automakers to bring in private car manufacturers as investors as it seeks to create an industrial champion to compete with global companies such as Toyota and Volkswagen, Bloomberg reported.

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