Some idea of the impact the onslaught of new Chinese models is having on the
European car industry has come from a statement from Volkswagen. The German
company citing economic pressures and high costs associated with
manufacturing could force the closure of its German production facilities for the
first time in the history of the company. Volkswagen Group CEO Oliver Blume
suggesting the European automotive industry is in a very demanding and serious
situation - new competitors are entering the market and Germany in particular as
a manufacturing location is falling further behind in terms of competitiveness.
Volkswagen had already gone to great lengths to cut costs last year, but the
emergence of Chinese brands is making it difficult to compete. Volkswagen has
300,000 employees in Germany and there are fears that job losses are inevitable if
the company restructures. I’m David Berthon

Some idea of the impact the onslaught of new Chinese models is having on the European car industry has come from a statement from Volkswagen. The German company citing economic pressures and high costs associated with manufacturing could force the closure of its German production facilities for the first time in the history of the company. Volkswagen Group CEO Oliver Blume suggesting the European automotive industry is in a very demanding and serious situation - new competitors are entering the market and Germany in particular as a manufacturing location is falling further behind in terms of competitiveness. Volkswagen had already gone to great lengths to cut costs last year, but the emergence of Chinese brands is making it difficult to compete. Volkswagen has 300,000 employees in Germany and there are fears that job losses are inevitable if the company restructures. I’m David Berthon

A weekly show with all the latest information and news in the motoring industry. Hosted by 2GB's very own motoring corespondent David Berthon. 

For more engaging content visit the 2GB website, or listen live to 2GB 873.

A weekly show with all the latest information and news in the motoring industry. Hosted by 2GB's very own motoring corespondent David Berthon.&nbsp;
For more engaging content visit the 2GB website, or listen live to 2GB 873.

Motor Torque with David Berthon

A weekly show with all the latest information and news in the motoring industry. Hosted by 2GB's very own motoring corespondent David Berthon. 

For more engaging content visit the 2GB website, or listen live to 2GB 873 

A weekly show with all the latest information and news in the motoring industry. Hosted by 2GB's very own motoring corespondent David Berthon.&nbsp;
For more engaging content visit the 2GB website, or listen live to 2GB 873&nbsp;

Advertisement