Car industry companies are returning some production back to Europe from China as its cost advantage weakens, providing an opportunity for central European nations to attract investments, a Volkswagen AG executive said.
While several years ago expectations were for a “massive transfer” of automobile operations to Asia to save on labor expenditures, “we are seeing a rather opposite process at present,” Martin Jahn, managing director of Volkswagen Group Fleet International, said in an e-mailed response to Bloomberg News questions.
