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Volkswagen’s boss ‘very concerned’ about EU losing industrial attractiveness

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City AM

By Ilaria Grasso Macola Volkswagen’s boss Thomas Schafer is very concerned about the EU and Germany losing their industrial attractiveness due to surging energy costs. “We are treading water,” he wrote in a LinkedIn post on Monday. “I am very concerned about the current development regarding investments in the industry’s transformation.” According to Schafer – who has been at the helm of the German marque since September – Europe lacks price competitiveness in several areas, but especially when it comes to energy. Following Russia’s invasion of Ukraine, the EU has been the centre of the worst …

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