HONG KONG (Reuters) – SAIC Volkswagen, reacting to records it would certainly shut its Nanjing plant, claimed on Saturday that readjusting its manufacturing base was “normal and necessary”, Chinese media electrical outlet Yicai reported.
Reuters reported today that Germany’s Volkswagen intends to quit manufacturing at one of its burning engine automobile plants in China, in an indication of car manufacturers’ battles to handle overcapacity worldwide’s most significant automobile market.
Some records claimed the joint endeavor of VW and Chinese companion SAIC Motor would certainly shut the Nanjing plant, although an individual with straight understanding of the issue informed Reuters the company had actually not chosen whether to market or shut the plant.
Asked on Saturday regarding strategies to shut the Nanjing plant, SAIC Volkswagen claimed that “based on corporate strategic planning and reaction to market trends, company’s adjustment on its production base is a normal and necessary business behaviour”, Yicai claimed.
Yicai estimated SAIC Volkswagen as claiming manufacturing at the Nanjing plant continues to be typical however as it will certainly turn out several brand-new items in the future, consisting of gas and brand-new power lorries, it requires to readjust its manufacturing base appropriately.
The business did not promptly reply to Reuters ask for talk aboutSaturday On Wednesday, Volkswagen claimed it does not talk about supposition and SAIC can not be grabbed remark.
(Reporting by Clare Jim; Editing by William Mallard)
