Volkswagen will not participate in a discount battle in China 'at any price', Chief Operating Officer Ralf Brandstaetter said in an interview released on Wednesday.
will not participate in a discount battle in China "at any price", Chief Operating Officer Ralf Brandstaetter said in an interview released on Wednesday.
"Volkswagen is focusing on a sustainable business model. In concrete terms, this means that we will not participate in the discount battle at any price," Brandstaetter said in an interview for the company's intranet. Brandstaetter expects the Chinese car market to grow from its current 22 million to between 28 to 30 million by 2030.
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