SAIC Volkswagen denies defaulting on payment to Shanghai Guoli Automotive Leather Trim Co., Ltd.

In response to market rumors that SAIC Volkswagen owed money to Shanghai Guoli Automotive Leather Trim Co., Ltd., people close to SAIC Volkswagen told the media that the 2017 debt dispute had been properly resolved and all existing business payments between SAIC Volkswagen and Shanghai Guoli Automotive Leather Trim Co., Ltd. had been settled.