Tesla, China may leave VW on a road to nowhere

Biding his time: Blume speaks during an event at the 2023 Munich Auto Show in Germany. The Porsche CEO and his team are banking on Volkswagen’s vast resources paying off as electric vehicles go more mainstream. — Reuters

MUNICH: Shortly after taking the most important job in German industry, Volkswagen AG chief executive officer Oliver Blume got some bad news.

A top executive had been dispatched to China to review the competitive landscape and his assessment was grim.