Volkswagen not in talks with Chinese manufacturers, CEO says

Volkswagen AG

20/05/2026 13:09

BERLIN, May 20 (Reuters) - Volkswagen VOWG_p.DE is not currently engaging in discussions with Chinese manufacturers as it looks for ways to deal with overcapacity in its European production network, CEO Oliver Blume said on Wednesday.

"We still have excess capacity at our plants in Europe and Germany. We need to address this in order to remain competitive," Blume told a workers' assembly in Wolfsburg.

"There are currently no plans or discussions with Chinese manufacturers," he added.

 (Reporting by Rachel More
Editing by Madeline Chambers)

 ((rachel.more@thomsonreuters.com;))