Volkswagen CEO Calls Automotive Transformation a Shared Responsibility
· Business · Reuters, News24
Volkswagen CEO Oliver Blume has appealed to the European Union, stating that the industry-wide transformation toward electric vehicles is a shared responsibility between automakers and policymakers. The call comes as European traditional car manufacturers face intense competitive pressure and stringent regulatory targets. Volkswagen has been navigating complex structural changes, plant restructuring discussions, and high transition costs across its European operations. Industry leaders have argued that policy support must match regulatory mandates to protect manufacturing jobs and regional competitiveness. The European Commission has not yet issued a formal response to the CEO's specific appeal.
Why it matters
The appeal underscores the growing friction between traditional European automakers and EU regulators over the speed and financial burden of the green transition.
Read the original report — Reuters
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