Volkswagen boss backs EU plan to bolster domestic European industry
- 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.
- The rules are aimed at countering the rapid rise of Chinese brands in Europe in the automotive sector and other important manufacturing industries.
Unverified
- 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.
- The rules are aimed at countering the rapid rise of Chinese brands in Europe in the automotive sector and other important manufacturing industries.
Sources: Guardian