Volkswagen Factories Eyed by Chinese Buyers, Reuters Reports, Citing Source

--Chinese officials and automakers have shown an interest in buying German factories slated for closure, particularly those owned by Volkswagen, Reuters reports, citing an unnamed source.

--VW would be open to selling its Osnabrueck factory to a Chinese buyer, according to Reuters, citing another unnamed source.

--Volkswagen plans to end production at its Dresden and Osnabrueck factories in Germany as part of a cost-cutting drive, and is exploring alternative uses for the sites.

Full story: https://tinyurl.com/ynynkf3h

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(END) Dow Jones Newswires

01-16-25 0614ET