Volkswagen AG CEO Oliver Blume spoke to workers in Wolfsburg, stating that the current proposals from unions to cut costs are just a starting point for negotiations and not enough to improve the company's competitiveness.

Blume emphasized the urgency of the situation, highlighting that management is dealing with a rapidly changing environment and is deeply concerned about the future of the automaker. He stressed the need for decisive action to address the challenges facing Volkswagen, indicating that the company cannot operate under unrealistic expectations.

These comments come as the German carmaker seeks to adapt to changing market dynamics and improve its operational efficiency in the face of increasing competition in the automotive sector.