VW CEO says German carmakers should study Chinese planning
Volkswagen CEO Oliver Blume suggests German carmakers learn from China's industrial planning. The firm plans to cut 50,000 German jobs by 2030 to restructure.
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The chief executive of Volkswagen AG, Oliver Blume, has stated that the automotive industry in Germany could learn significant lessons from the disciplined industrial planning seen in China. In a recent interview, Blume noted that the Chinese approach is highly structured and characterized by clear priorities, which he believes is an optimal model for development.
"The Chinese proceed in a very planned way ... and have clear priorities - it is structured in an optimal way," Blume told Bild am Sonntag.
