Volkswagen warns Germany's car-making industry is in jeopardy

France 24 reports that Volkswagen chief Oliver Blume told staff his company’s situation is “more than critical.” He added that Volkswagen and the rest of Germany’s car‑making industry are facing the biggest upheaval in their history, blamed on global headwinds and mounting competition from China. The remarks come as the German automaker grapples with these pressures.

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