Chinese officials and automakers are eyeing German factories slated for closure and are particularly interested in Volkswagen's sites, a person with knowledge of Chinese government thinking told Reuters.

A new report claims Chinese carmakers are interested in buying Volkswagen's factories in Germany, but this could be only a pipe dream of a company in distress

Chinese officials are showing strong interest in Germany's automotive sector, particularly in acquiring factories from established manufacturers like Volkswagen (OTCPK:VLKAF). The strategic move is aimed at enhancing China's influence in Germany's car industry and circumventing European Union tariffs on imported electric vehicles.