BERLIN, March 22 (Reuters) - Germany's car industry could learn from China's disciplined industrial planning, Volkswagen CEO Oliver Blume said in an interview released on Sunday, as the automaker
Volkswagen CEO Urges German Carmakers to Learn from China's Planning Methods
Volkswagen's Perspective on Chinese Industrial Planning
BERLIN, March 22 (Reuters) - Germany's car industry could learn from China's disciplined industrial planning, Volkswagen CEO Oliver Blume said in an interview released on Sunday, as the automaker pushes ahead with deep restructuring to stay competitive.
Insights from Oliver Blume
"The Chinese proceed in a very planned way ... and have clear priorities - it is structured in an optimal way," Blume told Bild am Sonntag.
"What we experience very positively in China is a high level of discipline and willingness to execute," he said. "It is worth looking beyond our own backyard ... we can learn a great deal from how the country has developed."
Competition in the Chinese Market
Blume also pointed to strong competition for Volkswagen in the Chinese market, which he said included "over 150 competitors and strong innovation dynamics".
Volkswagen's Restructuring Plans
The company plans to cut 50,000 German jobs by 2030 as part of an ongoing overhaul, Blume reiterated in the interview.
Editorial Credits
(Writing by Friederike HeineEditing by Peter Graff)
