Transportation
VW and China Partner SAIC Set to Close Plant as Sales Shrink
- Nanjing factory making Passat could be shut down next year
- Skoda strategy under review; dealer network being restructured
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Volkswagen AG and its oldest Chinese partner plan to shutter one plant in China and possibly more in response to slowing demand for combustion-engine cars, in a further pullback after the venture’s first factory ceased output.
The company’s four-decade old business with SAIC Motor Corp. is preparing to close a factory in Nanjing as soon as next year, according to people familiar with the matter. The site, which makes VW Passat and Skoda cars, has an annual capacity of as many as 360,000 vehicles.