An Opel logo is pictured in Ruesselsheim, Germany July 4, 2018. Photo: Reuters
German auto giant Opel has axed its China expansion plans over fears about the impact of rising tensions between Beijing and the West, the Handelsblatt daily reported on Friday.
China’s strict zero-Covid policies have also influenced Opel’s decision, the report went on, making a proposed entry into the already competitive market an even more difficult proposition.
Full story: Handelsblatt
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