'Urgent measures' needed to secure Volkswagen's future, says CEO

NAMPA / DPA

2024-12-04

Wolfsburg, Germany (dpa) - Volkswagen chief executive Oliver Blume has defended the carmaker's cost-cutting programme at a key meeting at the company's headquarters in Wolfsburg. "The current situation is serious," said Blume at the closed-doors meeting, according to a press release. "That's why urgent measures are needed to secure the future of Volkswagen," he added. Blume said competitive pressure is increasing, while demand is shrinking. "Wha......

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