© Reuters. FILE PHOTO: Volkswagen CEO Herbert Diess looks on during his visit to Volkswagen’s electric car plant in Zwickau, Germany, June 23, 2021. REUTERS/Matthias Rietschel
BERLIN (Reuters) – Inflation would spiral even further in Germany if it weren’t for business with China, Volkswagen (ETR:) 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.