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Story summary
- Volkswagen CEO Oliver Blume backed EU “Made in Europe” rules to protect domestic carmakers.
- He announced up to 100,000 job cuts, VW’s largest transformation programme ever.
- Volkswagen will shrink its model lineup from 150 to 75 to lower factory complexity and costs.
- VW unveiled the production-ready ID Tiguan electric SUV at the Paris motor show.
- Analyst Gregor Williams warned China’s export-driven price war could render Europe’s auto market unprofitable.