Volkswagen CEO says European volume segment is under immense pressure
Volkswagen’s CEO said Europe’s volume segment is under immense pressure, the EV breakthrough is reflected in the company’s numbers, and the European business must be profitable.
1. CEO comments on Europe
Volkswagen’s CEO said the European volume segment is under immense pressure and that the company’s numbers show the EV breakthrough is here. He said Volkswagen cannot build its future on exports alone and that its European business must be profitable.
2. Calls for industry support
The CEO said “Made in Europe” must not become an extra source of costs and called for effective support for Europe’s battery industry during its ramp-up. He also said he hoped France and Germany would reach a conclusion in talks on European industry that week.
