Volkswagen's Strategic Shift Under CEO Blume: Navigating Cost Cuts and a New Vision for China

In a move signaling a pivotal transformation for Volkswagen, CEO Oliver Blume has unveiled an ambitious new strategy aimed at enhancing the automaker's competitiveness in China, the world's largest automotive market. This announcement comes as part of a broader initiative to streamline operations, reduce costs, and ultimately secure Volkswagen’s position amid intensifying competition from local manufacturers.

Continue reading