Volkswagen CEO urges EU to protect auto industry from Chinese competition

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Volkswagen CEO Oliver Blume has called for stronger European Union policies to protect local industries from low-cost Chinese competition. He made this request amid a major company restructuring involving significant layoffs and potential factory closures. Blume emphasized the need for collaboration between businesses and policymakers to ensure a competitive market. This appeal comes despite existing EU tariffs, as Chinese automakers continue to pose a significant challenge to European car manufacturers.

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