Volkswagen's Škoda May Leave China Market

Czech carmaker Škoda Auto, a part of Volkswagen, is considering withdrawing from China but will make a final decision next year, CEO Klaus Zellmer was quoted as saying by the weekly magazine Automobilwoche, Sarah Marsh reported for Reuters.

Photo Insert: The company could consider simply selling cars in China rather than also producing them there.

"The competition is very intense there, so we will consider, together with our Chinese joint venture partner, how we want to proceed," Zelmer was quoted as saying.

"If we want to focus our energy, it's worth checking all scenarios and then deciding."

The chief executive said the company could consider simply selling cars in China rather than also producing them there.

Škoda wants to focus more on India at the moment, he said. India’s population is set to overtake China’s by next year and global automakers see increased demand in a market with a rising middle class.

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