XTRA:VOW3Auto
Volkswagen Weighs Uzbekistan Growth Against Rising Chinese Pressure In Brazil
Volkswagen is expanding vehicle assembly in Uzbekistan, supporting the country's goal of becoming a Central Asian auto hub.
At the same time, the company is facing tougher competition in Brazil as Chinese automakers increase their presence, especially in electric and hybrid models.
For investors tracking XTRA:VOW3, these moves come as the stock trades around €87.92 and has been under pressure over longer periods. The share price is down 17.4% year to date and has declined 38.2% over five...