Volkswagen CFO on Earnings, China Competition, Job Cuts

Volkswagen Chief Financial Officer Arno Antlitz speaks on Bloomberg Television after the carmaker cut its revenue expectations for the year. "Chinese competitors are exporting not only cars, but also competitive pressure to Europe," Antlitz says. He adds that the group still has underused factories. "We have great products, but the costs are too high," he tells Bloomberg's Oliver Crook.