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The Latest Breaking News from Oliver Blume

BERLIN — Volkswagen CEO Oliver Blume aims to cut up to ‌100,000 jobs from the current workforce worldwide over the next few years and discontinue production at four of the group's German plants, Manager Magazin reported on Friday.

Bangkok Post

Up to 100,000 jobs and four plants: Volkswagen reportedly plans radical overhaul

Volkswagen is reportedly preparing what could become the most radical overhaul in its history. Up to 100,000 jobs could be cut worldwide, while four German plants could close.

Euronews

Volkswagen CEO aims to cut up to 100,000 jobs in next years: Report

Volkswagen CEO Oliver Blume is reportedly planning significant changes, including potentially cutting up to 100,000 jobs globally and closing four German plants. The company also aims to reduce investments by 15% over five years. These moves come as VW faces pressure from tariffs, Chinese competition, and the costly transition to…

The Economic Times

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Porsche Reflects On Its First Electric Car: 'Timing Wasn't Ideal'

The man in charge in Zuffenhausen believes the Taycan arrived too early for people to really appreciate it.

Motor1

From cars to defence, Mercedes-Benz signals openness to military sector

While Germany’s automotive sector is coming under growing pressure, defence companies are increasingly eyeing its factories, skilled workers and industrial expertise.

Euronews

Volkswagen Says Its Latest EVs Are 70-80% As Profitable As Gas Cars

VW's profit margins on EVs willl be slim until its next-generation SSP architecture arrives later this decade, its CFO said.

InsideEVs

VW Sounds The Alarm: 'We Must Fundamentally Transform Our Business Model'

The Volkswagen Group is in the midst of a large-scale restructuring plan that will wipe out tens of thousands of jobs in Germany by the end of the decade. In a recent letter to shareholders, CEO Oliver Blume revealed that around 50,000 jobs will be cut within the next four…

Motor1

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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

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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Motor1

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…

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InsideEVs

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.

Motor1

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.

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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