10:24:15 EDT Tue 13 Oct 2026
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Volkswagen CDR (CAD Hedged)
Symbol VWA
Shares Issued 80,000
Close 2026-10-09 C$ 7.23
Market Cap C$ 578,400
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Globe/wire say Volkswagen boss wants Chinese factories

2026-10-13 08:01 ET - In the News

The Globe and Mail reports in its Saturday edition that Volkswagen chief Oliver Blume expects European policy-makers to create the framework needed to make the German automaker's restructuring a success, he said on Sunday. A Reuters dispatch to The Globe says at an event titled "For Europe" on the eve of the Paris motor show, Mr. Blume said Volkswagen was working to reduce complexity across the company, whose brands range from mass-market VWs to high-end marques like Porsche and Lamborghini, in what he called "the biggest transformation program in our history." He added, "This is a shared responsibility: The business community must become more competitive and create attractive opportunities, while policy-makers must establish the right framework conditions." Europe's top carmaker is restructuring and is racing to update its mass-market electric vehicle offering as Chinese competitors rapidly gain ground in Europe. In his speech, Mr. Blume backed proposed "Made in Europe" rules to incentivize local manufacturing, and welcomed a deal between the EU and China that could cut Chinese imports of plug-in hybrid vehicles to the bloc by more than half. "Those who sell here should ... create jobs and value here in Europe, too."

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