On the front tonightVolkswagen weighs turnaround plan amid 50,000 job cuts
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VW CEO Warns Europe Carmakers Face Chinese Pressure
Volkswagen CEO Oliver Blume says European mass-market automakers face mounting pressure from Chinese competitors and the costly shift to affordable electric vehicles, squeezing their traditional high-volume, low-margin business. He and other industry leaders are urging the EU to offer more flexible rules and incentives for local manufacturing as manufacturers contend with restructuring, production risks and intensifying competition.
Business · 6 sources · Oct 16, 2026Read it
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About Oliver Blume
Oliver Blume is a German executive and the CEO of the Volkswagen Group.
Everything about Oliver Blume →- Occupation
- business executive, executive, entrepreneur, engineer
- Position held
- chairperson of the executive board, chairperson of the executive board
- Citizenship
- Germany
- Born
- June 6, 1968, 1968