June 30, 202211:17 AM UTCLast Updated ago

Volkswagen CEO says German economy needs China - Spiegel

1 minute read

Volkswagen CEO Herbert Diess looks on during his visit to Volkswagen's electric car plant in Zwickau, Germany, June 23, 2021. REUTERS/Matthias Rietschel

Register now for FREE unlimited access to Reuters.com

BERLIN, June 30 (Reuters) - Inflation would spiral even further in Germany if it weren't for business with China, Volkswagen Chief Executive Herbert Diess said in a media interview published on Thursday.

"Germany would look completely different" if it turned away from China, Diess told the Spiegel weekly, adding that such a move would harm growth, wealth and employment.

Register now for FREE unlimited access to Reuters.com

Writing by Rachel More; Editing by Maria Sheahan

Our Standards: The Thomson Reuters Trust Principles.

European Markets

Brazil's JBS Q2 profit falls almost 10%, but tops estimates, article with imageEuropean Markets · August 11, 2022
JBS SA , the world's largest meatpacker, posted an almost 10% drop in net profits, to $766 million, driven by the relative weakness of its U.S. beef and pork units in the second quarter, according to an earnings statement on Thursday.
Future of MoneyCrypto derivatives volumes surge to $3.12 trillion in July - CryptoCompare, article with imageAugust 11, 2022
BusinessCanada Goose results thrive as luxury demand defies inflation, article with videoAugust 11, 2022
Autos & TransportationArrival to delay spending on bus project after posting wider loss, article with imageAugust 11, 2022
WorldUK's Liz Truss: energy giants should be held to account but profit is not evil, article with imageAugust 11, 2022

Volkswagen CEO says German economy needs China - Spiegel

Register now for FREE unlimited access to Reuters.com

Register now for FREE unlimited access to Reuters.com

European Markets

Thomson Reuters Products

Refinitiv Products