When Volkswagen Group's singled out auto financing companies for extra help this week , it ended up freeing up $30m ( $30m ) for Volkswagen Group's 's (VW) Chinese unit, which is being used to top up falling car sales says VW's General Manager Harald Mueller . "It can be used to reduce our cost of funds, and we can pass that on to the customers" said Mr Mueller . Daimler and BMW say also expect a boost to the industry the People's Bank of China China sales have fallen 5.3% YoY for 28 , primarily due to China 's economic slowdown.
When Volkswagen Group's singled out auto financing companies for extra help this week , it ended up freeing up $30m ( $30m ) for Volkswagen Group's 's (VW) Chinese unit, which is being used to top up falling car sales says VW's General Manager Harald Mueller . "It can be used to reduce our cost of funds, and we can pass that on to the customers" said Mr Mueller . the People's Bank of China China sales have fallen 5.3% YoY for 28 , primarily due to China 's economic slowdown.