Europe's Mass-Market Carmakers Under "Enormous Pressure" From Chinese Competition - Volkswagen CEO
BMW and Stellantis reported weaker third-quarter deliveries as executives pressed for flexible emissions rules, more battery factories and lower energy costs.
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7 Articles
European automakers urge support as VW warns of 'enormous pressure'
European mass-market carmakers are under "enormous pressure" from Chinese competition and the challenging transition to electric mobility, warns Volkswagen CEO Oliver Blume. He expects the European Union to provide more flexible regulations and incentives for local production, as European factories must remain competitive even with affordable cars.
Europe's biggest carmaker is sounding the alarm about an escalating crisis. Volkswagen boss Oliver Blume warns that the European car industry's business model is under enormous pressure. Now he is calling for help from the EU to cope with competition from China. Volkswagen CEO Oliver Blume is currently at the Paris Motor Show. Going out with a stern warning in the middle of [...]
Volkswagen Group CEO Oliver Blume expects European politicians to create the framework necessary for the successful restructuring of the German automaker.
Gathered at the Paris Automotive Summit on the sidelines of the World Auto Show, the leaders of the major European manufacturers — Volkswagen, Renault and Stellantis — are sounding the alarm. Faced with the Chinese manufacturers' offensive, the Brussels regulatory burdens and the paradoxes of public aid, the industry is demanding a Franco-German jump to preserve its competitiveness before it is too late.
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