Audi-Led Global Carmakers May Be Shut Out of China’s Fleet
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China’s government plans to stop buying cars from Volkswagen AG’s Audi and other foreign brands, threatening to lock them out of an estimated $13 billion segment of the world’s biggest vehicle market.
All 412 models approved for purchase by state agencies this year will be limited to Chinese brands, according to a proposal disclosed by the Ministry of Industry and Information Technology last week. The preliminary list is open for public consultation until March 9, according to the ministry.