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 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.

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.

According to anonymous sources cited by "Reuters," Chinese manufacturers are seriously considering acquiring German Volkswagen factories slated for closure. If such a sale occurs, it would be an unprecedented development.