Chinese investors and officials are considering purchasing German automotive factories that are on the brink of closure, with a particular focus on those owned by Volkswagen, reported Reuters. This move could potentially bolster China's presence in the German auto industry.

Volkswagen’s plan to close two factories to cut costs could fast-track Chinese brands' production ambitions in the region

According to anonymous sources cited by "Reuters," Chinese manufacturers are seriously considering acquiring German Volkswagen factories slated for closure. If such a sale occurs, it would be an unprecedented development.