EconomyVolkswagen warns Germany’s car industry is in jeopardy

Volkswagen CEO Oliver Blume says the German carmaker’s situation is “more than critical”. Ahead of meetings with staff, he warns that Volkswagen and Germany’s wider auto industry face “the biggest upheaval in their history” because of global headwinds and Chinese competition.

VolkswagenGerman auto industryChinese competition

FFrance 24★★★☆☆2026-08-24 10:19Original