Volkswagen's CEO praised China's disciplined industrial planning methods in a recent interview, suggesting German car manufacturers could benefit from adopting similar strategies. Oliver Blume highlighted China's structured approach and execution capabilities as the company continues major restructuring efforts.
The head of Volkswagen believes German automotive manufacturers should study China’s methodical approach to industrial strategy, according to remarks published Sunday in a German newspaper.
Oliver Blume, Volkswagen’s chief executive, praised China’s systematic methodology during an interview with Bild am Sonntag, noting how the country operates with clear objectives and optimal organization.
“The Chinese proceed in a very planned way … and have clear priorities – it is structured in an optimal way,” Blume stated in the published interview.
The CEO emphasized China’s commitment to following through on plans, saying “What we experience very positively in China is a high level of discipline and willingness to execute.” He added that German companies should broaden their perspective, noting “It is worth looking beyond our own backyard … we can learn a great deal from how the country has developed.”
Blume also acknowledged the intense competitive landscape Volkswagen faces in China’s automotive market, describing an environment with “over 150 competitors and strong innovation dynamics.”
The executive confirmed the automaker’s previously announced workforce reduction plans, restating that Volkswagen intends to eliminate 50,000 positions in Germany by 2030 as part of its comprehensive restructuring initiative.
Trump Issues 48-Hour Ultimatum to Iran Over Strait of Hormuz Closure
Religious Freedom Issues Emerge Across Multiple Fronts Nationwide
Trump Warns ICE Could Take Over Airport Security Amid Funding Standoff
Slovenia Heads to Polls in Close Contest Between Liberal and Conservative Leaders