When the People 's Bank of China sought out auto financing companies for extra help this week , it ended up freeing up over RMB 20 million ( $ 30 m ) for Volkswagen 's ( VW ) There are few people who use loans,” said an official at a mass-market Japanese automaker. Chinese unit , which is being used to prop up falling car sales says VW 's General Manager Harald Schmidt . " It can be used to cover our cost of funds , and we can pass that on to the customers " said Mr Mueller . Volkswagen Group 's China sales have fallen 5.3 % , for 1H15 , primarily due to China 's economic slowdown .
When the People 's Bank of China sought out auto financing companies for extra help this week , it ended up freeing up over RMB 20 million ( $ 30 m ) for Volkswagen 's ( VW ) Chinese unit , which is being used to prop up falling car sales says VW 's General Manager Harald Schmidt . " It can be used to cover our cost of funds , and we can pass that on to the customers " said Mr Mueller . Volkswagen Group 's China sales have fallen 5.3 % , for 1H15 , primarily due to China 's economic slowdown .