“We expect tougher competition in the next years, especially from the Chinese car manufacturers, but we see ourselves very well prepared,” Blume said.
(April 30): Volkswagen AG is open to sharing unused capacity at its European plants with Chinese manufacturers, as the region’s biggest automaker steps up a savings push to stay competitive.
Co-producing at factories would be a “clever solution” to reduce capacity and lower costs, VW chief executive officer Oliver Blume said Thursday on a call with reporters. The carmaker, which has already shrunk capacity by one million vehicles, is slimming down headcount in Germany, where workers hold powerful sway over company decisions.
