Volkswagen CEO calls on the EU to support the automotive industry’s transition

Volkswagen CEO Oliver Blume urged European policymakers to create suitable framework conditions for the company’s restructuring, saying Volkswagen is advancing the largest transformation program in its history. He said he supported “Made in Europe” rules to incentivize local production and welcomed a potential agreement between the EU and China that could reduce Chinese plug-in hybrid vehicle exports to Europe by more than half. Volkswagen brands including Volkswagen, Cupra and Skoda will launch affordable electric vehicles and debut the all-new ID. Tiguan electric SUV.