Volkswagen is a German automobile manufacturer headquartered in Wolfsburg, Germany. It is the biggest German automaker and the second largest automaker in the world.
Volkswagen was originally founded in 1937 by the Nazi trade union, the German Labour Front (Deutsche Arbeitsfront), in an attempt to produce a basic vehicle capable of transporting two adults and three children at 100 km/h (62 mph). Nazi dictator Adolf Hitler wanted his German citizens to have the same access to a car as the Americans.From 1948, after WW II, VW – most notable its “Beetle” model - became a symbol of West Germany’s economic rise.
China has tried to quell the concerns of German automakers following Beijing's plans to impose quotas on electric car production. China's premier has also encouraged Germany to push forward with liberalization in trade.
20 million vehicles are sold every year in China. German manufacturers also earn a lot. For example four out of ten vehicles are already being sold by the Volkswagen Group in China. An enormous dependency. Now the auto industry is worried. China plans to introduce a quota for electric cars.