Volkswagen must deepen cost cuts to remain ​competitive against Chinese brands increasingly taking aim at the German auto group’s home market, CEO Oliver Blume said

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    5 days ago

    It already has a new ‘model’ but the effects don’t yet show up in headline statistics. The new German model has three parts:

    1. increasing domestic investment with fundamental capital market reforms (like the new pension system and startup regulations)
    2. implementing the strategy and detailed plan to grow 6 industries (quantum, silicon products, fusion, biotech, battery, AI)
    3. increasing domestic demand (higher wages, longer hours worked, modernization of public sector)