Volkswagen CEO sees Middle East risk to premium car demand
CEO Oliver Blume says Middle East conflict may hit Audi and Porsche demand while supply chains remain stable. He also noted US market goals are now long-term.
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Volkswagen AG Chief Executive Officer Oliver Blume expressed concerns on Tuesday regarding the potential impact of ongoing Middle East conflicts on the company's premium vehicle segment. While the geopolitical situation has not disrupted the group's supply chain, it poses a risk to consumer demand for high-end brands such as Audi and Porsche.
