Volkswagen warns Germany's car-making industry is in jeopardy
France 24
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France 24
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Volkswagen's CEO Oliver Blume has warned that the company faces a "more than critical" situation, stating that Germany's automotive industry confronts its biggest transformation ever amid global headwinds and intensifying Chinese competition.
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The CEO of the German car-making group Volkswagen is warning that the situation at the company is "more than critical". Oliver Blume is saying that ahead of meetings with the car giant's staff. He says Volkswagen and the rest of Germany's car industry are facing "the biggest upheaval in their history" due to global headwinds and Chinese competition.
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The CEO of the German car-making group Volkswagen is warning that the situation at the company is "more than critical". Oliver Blume is saying that ahead of meetings with the car giant's staff. He says Volkswagen and the rest of Germany's car industry are facing "the biggest upheaval in their history" due to global headwinds and Chinese competition.
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Source: France 24
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