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A third of the 180 billion euros set aside for R&D for the period between 2023 and 2027 will go towards internal combustion engine development
Europe's car giants won't have much time to restructure their operations and product lines to compete with ascendant Chinese automakers, and stiffer tariffs will do little to protect the status quo, industry executives said during a Reuters event.
Europe's car giants won't have much time to restructure their operations and product lines to compete with ascendant Chinese automakers, and stiffer tariffs will do little to protect the status quo,...
AUTOS-EUROPE/CHINA (REPEAT, UPDATE 1, PIX):RPT-FOCUS-European automakers need time, not tariffs, to fend off China competition
Volkswagen Used Car Market: Volkswagen introduced its used cars business Das WeltAuto in India with its dealership in Mumbai in 2012. The business trades in cars from all manufacturers and are not restricted to just Volkswagen cars. With a less than 2% market share in the Indian new car market, Volkswagen has been putting all its efforts on bringing stability in its operations over the last 2-3 years. It is now ready to work on future investments.