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Fortune

Christiaan Hetzner

Porsche crisis renews calls for part-time CEO Oliver Blume to relinquish dual role at VW

Oliver Blume Porsche Volkswagen Herbert Diess China Handelsblatt

Oliver Blume, CEO of Volkswagen and Porsche (Credit: Ronny Hartmann—AFP via Getty Images)

Soaring costs, declining vehicle sales, and problems in China are raising pressure on Oliver Blume to cede one of his two CEO jobs. The 56-year-old is struggling to contain growing problems that now risk dragging down Porsche and Volkswagen.

Oliver Blume, the part-time CEO of Porsche, is facing pressure to choose between running the luxury sports carmaker or its much larger parent, Volkswagen, amid a growing crisis at both carmakers.

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