01BusinessEurope
Volkswagen chief backs EU proposals to support European industry
Oliver Blume supports 'Made in Europe' rules while arguing they must reward European value creation.
Volkswagen chief Oliver Blume has backed EU proposals to bolster domestic industry, the Guardian reports. He said European carmakers needed comparable competitive conditions with Chinese rivals and that 'Made in Europe' rules must reward real value creation.
What holds up
- ✓The Guardian attributes support for the proposals directly to Blume.
- ✓Its summary includes his stated conditions concerning competition and value creation.
What doesn't yet
- ?Only one supplied item covers this intervention, and the proposed rules are not detailed.
- ?Blume represents an industry with a commercial interest in the policy; the summary supplies no independent assessment of its effects.
Ask before you share
- →What would qualify as European value creation under the proposed rules?
- →How would the measures affect prices, competition and manufacturers with international supply chains?
Sources & original reporting
- [1]The Guardian · Published 11 Oct 2026 · theguardian.com