“The situation is serious”: VW boss Blume announces further austerity measures

Spiegel

Lean Left

Factuality

Ownership

There has never been such a tense economic situation: This is how Volkswagen CEO Oliver Blume justifies the Group's austerity policy. However, there should be no clear-cutting.

Kronen Zeitung

Right

Factuality

Ownership

With ailing car manufacturer VW, everything seems to be even worse than initially assumed. Group CEO Oliver Blume has announced “further measures.” Because: It could not continue as it is now. Following the announcement by the Volkswagen Group that it will once again tighten austerity measures with job cuts and possible plant closures at the core brand VW, Group CEO Oliver Blume describes the poor economic situation at Volkswagen as alarming. Wi…