VW abandons 'In China, For China' strategy amid market downturn

Volkswagen is pivoting away from its 'In China, For China' strategy in the world's largest car market, acknowledging the approach has failed amid a sharp downturn. The shift signals a major strategic reversal for the German automaker, which faces intense competition from domestic EV makers and declining sales. The move could have implications for global auto industry dynamics and trade flows.

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