VW Chairman Says EU Must Do More to Help Ailing Car Industry

Volkswagen AG Chairman Hans Dieter Pötsch urged the European Union to alter its emissions targets and provide clarity to the car industry as the automaker eyes job cuts and unprecedented factory closures in Germany.

The VW veteran, who has close ties to the Porsche-Piëch owner family, said policymakers have set tough climate ambitions but haven’t fully thought through the steps needed to get to that point. Targets must be “adapted to reality” to give the industry more time.