Volkswagen’s CEO has endorsed new EU "Made in Europe" regulations aimed at strengthening the continent’s car industry against cheaper Chinese competitors. Speaking ahead of a major motor show, the executive emphasized that the rules should prioritize rewarding genuine manufacturing and innovation within Europe. The push comes as European automakers face growing pressure from lower-cost imports, prompting calls for fairer trade conditions. The comments highlight tensions over how to balance competitiveness with domestic production standards.
Oliver Blume says ‘Made in Europe’ rules to counter rapid rise of lower-price Chinese brands ‘must reward real value creation’The boss of Volkswagen has backed EU proposals to boost its domestic industry, arguing European carmakers need to be able to “compete under comparable conditions” with Chinese rivals.Oliver Blume said “Made in Europe” rules from the EU “must reward real value creation in Europe”, speaking in Paris before the motor show this week. Continue reading...
