Blog: Goldman Sachs on China, VW margins
Dave Leggett | 6 November 2003
Does Volkswagen realise this? There's one view that it is acutely aware of it and that's why it is very vocal on warning of the dangers of overinvesting in China. VW wants to protect its market leadership position and its under-pressure margins as much as possible. But is Volkswagen following its own advice and keeping its investment in China down? Of course not. The cautionary message is for others.
I'm starting to get a small idea of the scale of things here in China, but really, I'm only scratching the surface of this vast country....
Given the startling complexity of obtaining a journalist visa for China - the code 'J2' is now indelibly stamped on my mind - it was with some surprise how swiftly I managed to sail through airport im...