Volkswagen boss backs EU plan to bolster domestic European industry

Oliver Blume says Made in Europe' rules to counter rapid rise of lower-price Chinese brands must reward real value creation'

The boss of Volkswagen has backed EU proposals to boost its domestic industry, arguing European carmakers need to be able to compete under comparable conditions" with Chinese rivals.

Oliver Blume said Made in Europe" rules from the EU must reward real value creation in Europe", speaking in Paris before the motor show this week.