Volkswagen CEO Oliver Blume stated that VW is in a 'more than critical state,' that measures adopted so far are insufficient to restore competitiveness, and that the company is oversized, making it too slow and too complicated.

reported by one outlet so far · Attributed statement · first recorded Aug 26, 2:30 PM

How each outlet reported it

Deutsche WelleCenter · Aug 26, 2:01 PM

CEO Oliver Blume said VW is in a 'more than critical state' and that the measures adopted so far are not enough to restore competitiveness

Cites: Oliver Blume · Details: 'more than critical state'

Deutsche WelleCenter · Aug 26, 2:01 PM

Blume stated 'We are oversized. That often makes us too slow and too complicated'

Cites: Oliver Blume · Details: 'oversized'; 'too slow and too complicated'