Mr. Witter said the U.S., European Union and China need to “stay in talking terms” as they seek to work out trade differences. Mr. Witter declined to comment on what a potential 25% tariff on European car exports to the U.S. would mean for Volkswagen. So far, Volkswagen sales in China keep growing. Recent market turbulence is a concern for Volkswagen, Mr. Witter said. Before the emissions scandal that broke in 2015, Volkswagen used to sell bonds totaling €30 billion ($34 billion) to €40 billion annually, Mr. Witter said.

Source: Wall Street Journal December 13, 2018 19:30 UTC