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The Latest Breaking News from Oliver Blume

Volkswagen's Struggles Continue: The Company Is Slashing Capacity Again

In 2019, before the pandemic, Volkswagen Group was riding high. The German auto conglomerate sold nearly 11 million cars worldwide and was preparing for 12 million, but it never got close to that figure. Since 2020, the company has failed to sell more than 10 million vehicles a year, which…

Motor1

Porsche Boss Praises Electric 718: 'Great Car'

Plenty of digital ink has been spilled since Porsche announced it would take the electric route for the next-generation 718 Boxster and Cayman. The promise was made almost precisely four years ago, on March 18, 2022. At the time, then-CEO Oliver Blume said the 718 EV would go on sale…

Motor1

VW to cut 50,000 jobs by 2030 amid Trump tariffs and falling Chinese sales

Car group reports 54% drop in pre-tax profits as it says Iran war could affect demand for Audi and Porsche brands

The Guardian - UK

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Volkswagen slashes 50,000 jobs after profits collapse by nearly half

Volkswagen Group profits slumped by almost half in 2025. Trade conflicts, difficulties in China and the change in strategy at Porsche are putting Europe's largest car manufacturer under pressure.

Euronews

Volkswagen Group Eyes 'Massive' Cost Cuts: Report

Here we go again. The Volkswagen Group may have already implemented a cost-cutting strategy, but it’s apparently not enough. Despite saving an unspecified amount in the double-digit billion-euro range, according to a company spokesperson, it now needs to trim even more. A new report from Germany claims the automotive conglomerate…

Motor1

Porsche's New Design Boss Worked On The Gorgeous Bentley Batur

The winds of change are blowing at Porsche. Mere months after former McLaren CEO Michael Leiters replaced Oliver Blume at the helm of the Zuffenhausen brand, another leadership change was announced today. From February 1, Tobias Sühlmann will succeed Michael Mauer as Head of Design.

Motor1

Volkswagen boss tells Trump administration what needs to happen or he’s pulling billions in US investment

The demand is clear.

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Porsche: 'We Were Wrong' About Axing An Important Gas Model

As of January 1, Oliver Blume is no longer Porsche’s CEO. The 57-year-old executive oversaw the Zuffenhausen brand for a decade before stepping aside to make way for former McLaren CEO Michael Leiters. Blume, who remains Volkswagen Group CEO, candidly admitted in an interview with Frankfurter Allgemeine Zeitung that discontinuing…

Motor1

Porsche on Gas vs Electric Debate: 'We Don't Judge'

Porsche has come to grips with the reality that EV uptake isn’t progressing as rapidly as anticipated a few years ago. In early 2022, outgoing CEO Oliver Blume projected that as many as 80 percent of new car sales would be fully electric. That ambitious target is no longer in…

Motor1

Gas Porsche Macan Dies in Mid-2026 Without Immediate Successor

We’ve been mourning the 718’s demise this month, but another Porsche is also nearing the end of the line. Less thrilling but far more crucial to a battered balance sheet, the first-generation Macan is not long for this world. It’s had a solid run: 12 years of production so far,…

Motor1

Porsche's Operating Profits Have Plummeted

Porsche’s struggles in 2025 are no secret. In July, outgoing CEO Oliver Blume acknowledged that the company is facing significant challenges amid the global EV downturn. Shipments fell by six percent in the first half of the year, prompting the German automaker to announce plans to cut up to 1,900…

Motor1

Porsche Finally Has A New CEO. He's Big On Hybrids

Porsche’s new head honcho spearheaded the development of the first Cayenne hybrid and helped Ferrari launch its first hybrid supercars.

InsideEVs

Porsche Has a New CEO

After months of internal pressure and mounting dissatisfaction from investors, Porsche has announced that it will replace CEO Oliver Blume. The company confirmed today, via an official statement from the Supervisory Board, that negotiations have begun for an early and mutually agreed termination of Blume's mandate as head of Porsche…

Motor1

Porsche's New Flagship SUV Won't Be Electric—At Least, Not Initially

Porsche is pumping the brakes, hard, on electric vehicles. Today, the company announced that it will tweak an upcoming three-row electric SUV, which will slot above the Cayenne. Instead of giving it a big battery, Porsche will launch it exclusively with a combustion engine and plug-in hybrid powertrain.

Motor1

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InsideEVs

This One Number Shows What's Going Wrong At Tesla

Today on Critical Materials: Tesla's market share drops to lowest point since 2017, VW considers tariff deal, and Hyundai's via problem were an

International Business Times

Germany's VW, China's BYD Face Off At Munich Auto Show

Europe's top car manufacturer Volkswagen presented a series of more affordable electric vehicles Monday as Chinese EV titan BYD said it would start producing a cut-price model on the continent.

InsideEVs

'This Model Does Not Work Anymore': Volkswagen Group CEO Gets Candid On EVs And Future Plans

As it seeks a better tariff deal with the U.S., the CEO of the Volkswagen Group says its future strategy depends more on geography than ever.

The Guardian - UK

Volkswagen ‘nearing US trade deal’ as it says Trump tariffs have cost it billions

Carmaker’s CEO says Porsche is being squeezed by ‘sandwich’ of tariffs and weak Chinese market

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Euronews

Porsche is leaving Frankfurt’s DAX index amid US tariff turmoil

The German luxury carmaker is set to leave the group of the 40 largest companies listed on the Frankfurt Stock Exchange, along with healthcare company Sartorius. Porsche CEO Oliver Blume is aiming for a speedy return to the leading index.

Motor1

The New Porsche 911 Turbo S Debuts This Year. And It Will Be a Hybrid

It’s been over a year since Porsche introduced the first 992.2-generation 911 variants, but the lineup is still far from complete. Following the launch of the facelifted GTS, Carrera, Targa, and GT3 models, the next flavor is due in the coming months. CEO Oliver Blume announced during the half-year earnings…

Motor1

Porsche Confirms New Gas SUV for 2028 Launch

Porsche discontinued the original Macan in Europe last year, not because it wanted to, but because it had to. The gasoline crossover failed to meet the General Safety Regulation (GSR2) that came into effect in July 2024, forcing Zuffenhausen to pull the plug on its cash cow on the Old…

InsideEVs

Tesla's Full Self-Driving Outperforms Rivals In China’s Toughest Test Yet

Tesla's Full Self-Driving system may have more juice in China than expected. Plus: Volkswagen takes a major tariff hit, and LG warns of a battery slowdown.

Fortune

Volkswagen seeks audience with Trump, dangling more than $10 billion in U.S. investments in exchange for tariff exemptions

The world’s second largest carmaker slashed its 2025 guidance for revenue, margins, and cash citing Q2 headwinds from U.S. import duties totaling roughly $1.4 billion.

Motor1

Porsche Warns Employees The Business Model 'No Longer Works'

To say Porsche has seen better days would be an understatement. Global sales fell three percent last year, when tariffs weren’t even an issue. Shipments continued to decline through June this year, dropping six percent compared to the first six months of 2024. Even tougher times lie ahead, as evidenced…

Fortune

Porsche CEO seeks fresh cost cuts, warning business model ‘no longer works’ in post-Trump, new China world

Facing its biggest crisis in decades, the export-reliant carmaker already plans to eliminate more than a tenth of its nearly 37,000-strong German staff.

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