Audi sets up new brand in China

From price wars to political hurdles, Volkswagen faces a myriad of challenges in China's rapidly evolving EV market.
Volkswagen is mulling the closure of factories in Germany for the first time to cut costs, while rivals BMW and Mercedes-Benz ...
A brutal price war, sudden shifts in consumer demand and human rights issues in Xinjiang have left VW stumbling in a market ...
The automaker is battling lagging electric-vehicle demand on top of intense competition in China and a domestic manufacturing ...
EV leaders are facing roadblocks heading into the final quarter of 2024.
The once-lucrative market is now highly competitive and more Chinese EVs are being exported, compounding slower sales at home ...
LONDON/FRANKFURT (Reuters) -BMW on Wednesday reported a 61% drop in its third-quarter profit, missing analyst expectations ...