While PSA Citroen and General Motors are teaming up to cut costs in the face of the declining European market, VW, Daimler and BMW are booming due to heavy sales in China.
A new survey by Ernst & Young shows the rapidly growing importance of China as a market for German automobiles. E&Y expects China to overtake western Europe as the German auto industry’s biggest market by next year.
Germany’s Daimler has been given the green light to buy 12 percent of Chinese partner BAIC. DW discusses the move with Stefan Bratzel from the Center of Automotive Management in Bergisch Gladbach.