Letzte Aktualisierung: November 18, 2021

Replacement of China boss: VW struggles with own ambitions

Stephan Woellenstein is probably about to be replaced as Head of Volkswagen Group China. He apparently failed due to bad timing, unrealistic demands by the company and a difficult market. China's press also took note of sale difficulties at VW.
It's not as if Volkswagen hasn't tried everything in China. The ID.3 and ID.4 models are the vanguards of an EV offensive. The group is currently building an additional EV factory in the province of Anhui. The sales model has been expanded to include ID. city stores. Sales of its EV models are rising steadily – just not as much as the group had hoped. Apparently, the growth of the electric division was not enough for the chief executive of the ambitious group. Stephan Woellenstein, currently still Head of Volkswagen Group China, is about to be replaced, according to various reports. His successor could be Alexander Seitz, who is currently responsible for controlling and accounting on the board of Volkswagen Passenger Cars (China.Table reported).
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