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China went from virtually no presence in Europe to over one million cars exported in a single year.
Michael Dunne says anyone expecting Chinese automakers to follow the slow, patient path taken by Japanese and Korean brands decades ago is misreading the situation entirely.
Dunne says China's strategy is to dominate, not compete.
(@dunne_insights)
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Volkswagen CEO warns more cuts needed
Volkswagen CEO Oliver Blume warned that the automaker will need to implement additional cost-cutting measures beyond its current restructuring efforts as it faces mounting pressure from slowing EV demand, rising competition, and higher operating costs. Blume said further action will be necessary to improve efficiency and secure Volkswagen’s long-term competitiveness.
The comments signal that Volkswagen’s transformation is far from over, with deeper restructuring likely as the company works to strengthen profitability in an increasingly challenging global market.
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