LISTEN TO ARTICLE 2:38 SHARE THIS ARTICLE Share Tweet Post EmailSource: Skoda Source: SkodaVolkswagen AG’s Skoda unit will spearhead a fresh push into some emerging markets where Europe’s largest automaker has so far trailed behind Asian rivals. Skoda has overhauled its Indian operations after calling off cooperation plans with Tata Motors Ltd. and is nearing a decision on building a factory in Southeast Asia. “We see huge potential to grow in emerging markets,” said Schaefer, who took over as CEO in August. “We’re in very good talks in countries like Vietnam.”VW has a checkered history trying to crack emerging markets beyond China and Brazil. A collaboration with Jaguar Land Rover owner Tata Motors collapsed in 2017 after failing to achieve planned cost savings.

Source: The North Africa Journal March 29, 2021 06:56 UTC