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Volkswagen To Buy 50% Stake In Chinese State Co. For $1.1B

By Sierra Jackson (May 29, 2020, 4:01 PM EDT) -- Automobile maker Volkswagen said Friday that it plans to invest about €1 billion ($1.1 billion) in a Chinese state-owned vehicle manufacturer and their joint venture as part of a series of investments in Chinese companies totaling about €2.1 billion....

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