CHINA: VW executive calls aspects of new vehicle industry policy "stupid and old fashioned" - report
Aspects of China's proposed new vehicle industry policy were criticised on Monday as "stupid and old-fashioned" by a Volkswagen executive, a news agency report said. The new draft policy's continuation of a requirement that foreign companies maintain separate distribution outlets for imported and locally-produced cars suggests the policy is short-sighted and overly conservative, VW's Asia Pacific president Bernd Leissner told Dow Jones Newswires.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable