Volkswagen CEO tells newspaper German carmakers should look to Chinese planning
Reuters·2026-03-21 23:03
Group 1 - The CEO of Volkswagen, Oliver Blume, emphasized that Germany's car industry could benefit from China's disciplined industrial planning and execution [1][2] - Blume highlighted the strong competition Volkswagen faces in the Chinese market, noting over 150 competitors and significant innovation dynamics [2] - As part of a restructuring effort, Volkswagen plans to cut 50,000 jobs in Germany by 2030 [3]