EconomyVolkswagen CEO says Europe’s mass-market carmakers face ‘enormous pressure’

Volkswagen CEO Oliver Blume said on Tuesday that Chinese competition and a changing market are putting Europe’s mass-market car industry under “enormous pressure.” He renewed calls for more flexible regulation and incentives to support local manufacturing.

Volkswagenautomotive industryChinese competitionEuropean manufacturing

RReuters★★☆☆☆2026-10-13 10:05Original