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The Latest Breaking News from Oliver Blume

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

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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.

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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

InsideEVs

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.

International Business Times

'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.

InsideEVs

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

The Guardian - UK

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.

Euronews

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…

Motor1

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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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Euronews

Volkswagen in direct talks with US government regarding tariff deal

German carmakers such as Mercedes-Benz and BMW are also reportedly trying to negotiate tariffs directly with the US Secretary of Commerce, Howard Lutnick.

The Guardian - UK

Volkswagen to make ‘massive’ investment in US in bid to avoid tariffs

CEO of Europe’s largest industrial group says he has been in direct talks with Donald Trump’s administration

Motor1

Game Over: Porsche Is Ending Gas Boxster and Cayman Production

We knew this day would come, so don’t be too sad that Porsche is about to pull the plug on its gas-fueled 718 duo. The current-generation Boxster and Cayman have been on their deathbeds since last year, when the sports cars were retired from Europe due to stricter cybersecurity regulations.…

Motor1

Porsche Shifts Course, Leans Into Hybrids Instead of EVs

Like a lot of automakers, Porsche made an aggressive push towards EVs. Its initial plan was for 80 percent of its sales to be fully electric by 2030, but at its annual shareholder meeting Wednesday, CEO Oliver Blume said that's not going to happen, though not for lack of trying.…

Motor1

Porsche Isn't in a Great Situation Right Now

Porsche might be in a mess of its own making. Sales for the German automaker were down globally by 8.0 percent through the first three months of the year. While sales in the United States were actually up, the foreign-made Macan and Cayenne made up nearly 68 percent of those…

Fortune

Volkswagen shareholders demand 'part-time CEO' Oliver Blume finally drop his side job running Porsche

Three years into his dual assignment, Blume is facing increasing pressure to focus on one of his two posts given a perceived conflict of interest and mounting problems in China.

Motor1

Porsche Could Quit EVs In China

Where would Western luxury automakers be today without the Chinese market? Prestige brands have been riding the gravy train for years, but all good things must come to an end. The rise of domestic automakers has severely impacted demand for international brands; ask Porsche. Its sales in China slipped by…

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