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Volkswagen Will Eliminate Almost Half of Production Brands After Losing Market Share to China

The European auto industry is a case study on how short-sighted trade policy goals, results in consequences. Previously, German auto companies like Volkswagen entered into trade agreements with China and began manufacturing their vehicles with immediate financial success in the market.  However, it did not take long for Chinese auto companies to reverse the engineering […]

The post Volkswagen Will Eliminate Almost Half of Production Brands After Losing Market Share to China appeared first on The Last Refuge.

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