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Report: VW withdraws China boss

Volkswagen is withdrawing its China boss Stephan Woellenstein from his post effective February 1st. This is reported by German magazine Automobilwoche, citing company circles. Reuters received confirmation that Woellenstein would be indeed leaving the country. Under Woellenstein, sales of the company’s EVs were below estimates for months, jeopardizing the group’s targets (China.Table reported). Woellenstein is now expected to find another position within the group. A Volkswagen spokesman refused to comment on the speculation to China.Table on Tuesday evening.

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