DÜSSELDORF (dpa-AFX) - "Handelsblatt" on the VW crisis:
"Two years ago, 'The Economist' posed a provocative question: What would actually happen if Germany stopped building cars? Don't worry: it is unlikely to be quite that dramatic. Germany will continue to build cars - but presumably fewer and differently than before. (.) Volkswagen is still the second-largest carmaker in the world. However, it is entirely conceivable that in the coming years, a Chinese manufacturer like BYD will wedge itself between Toyota and Volkswagen. VW would then only be number three. That would not be the end of German carmakers. But it would be the end of an era. And at least this end is not completely unrealistic. In the future, it will matter less who sells the most cars. The decisive factor will be who still reliably earns money with their business."/yyzz/DP/stw
Volkswagen AG is a Germany-based company, which manufactures and sells vehicles. The Group consists of two divisions: the Automotive Division and the Financial Services Division. The Automotive Division comprises the Passenger Cars, Commercial Vehicles and Power Engineering business areas. This division focuses on the development of vehicles, engines and vehicle software, the production and sale of passenger cars, light commercial vehicles, trucks, buses, and motorcycles, as well as businesses for genuine parts, large-bore diesel engines, turbomachinery, and propulsion components. The Financial Services Division focuses on dealer and customer financing, leasing, direct banking, and insurance activities, fleet management and mobility services. Its brand portfolio includes Volkswagen, Audi, SEAT, SKODA, Bentley, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania, and MAN.
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