“The situation is more than critical”: Germany’s auto industry is stuck between two frontsVolkswagen CEO Oliver Blume is no longer trying to make the situation at Europe’s biggest carmaker look better.“The situation is more than critical,” he told employees. Even after a reduction in factory costs of around 20%, the current VW return on earnings of 3.8% is not enough to finance new technologies, products, and the preservation of production sites.Blume himself admits: The group is too large