Volkswagen chief backs EU plan to strengthen European car industry
Volkswagen's Oliver Blume supports EU proposals to help domestic carmakers compete with lower-priced Chinese rivals.
At a glance
- Volkswagen boss supports EU measures to boost European car industry competitiveness
- Chinese carmakers gaining ground with lower-priced vehicles
- EU "Made in Europe" rules should reward genuine value creation, according to Blume
- Comments made ahead of Paris motor show
The chief executive of Volkswagen has endorsed European Union proposals aimed at strengthening the continent's automotive sector. He argued that European carmakers require the ability to compete on equal terms with Chinese competitors, which have been gaining market share with lower-priced vehicles.
Blume stated that EU "Made in Europe" rules should recognise genuine value creation within the region. His comments came ahead of the Paris motor show.
Why it matters
The EU is seeking to protect its automotive sector from competition by Chinese manufacturers, a key industry for European economies.
Original reporting
- The Guardian — WorldVolkswagen boss backs EU plan to bolster domestic European industry
- The Guardian — BusinessVolkswagen boss backs EU plan to bolster domestic European industry
This brief was written with AI assistance from the reports listed above and checked against our editorial policy. Spotted an error? Request a correction.