The Latest Breaking News from Oliver Blume

It's been two years since Porsche announced an electric Cayenne. In the meantime, the company's lineup has expanded to include a Macan EV. We've now learned that its bigger brother will arrive near the end of 2025. During a QA session today, CEO Oliver Blume confirmed the electric luxobarge will…

Lamborghini is still set on launching its first electric vehicle by 2030, and it could have up to 2,000 horsepower on tap when it arrives. That’s what Volkswagen Group CEO Oliver Blume said in a recent interview, revealing that the EV will ride on a special platform developed by Porsche…

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Volkswagen's chief executive welcomed a deal to slash jobs and reduce production capacity in Germany without the need to close factories, but the car giant's shares fell heavily on Monday.

The carmaker has been in heated discussions with unions after announcing this fall that it would have to take drastic measures to cut costs

Volkswagen boss Oliver Blume was reportedly booed as he spoke about growing up in Wolfsburg, home to VW’s biggest factory.

As Volkswagen seeks to push through a drastic restructuring with billions of euros in cuts, workers nationwide on Monday kicked off what could be a long wave of industrial action.

In an interview with German newspaper Bild last month, Volkswagen CEO Oliver Blume was painfully honest about the automaker's delicate situation. He blamed "decades-long structural problems" for the lack of competitiveness, citing high labor costs as one of the main culprits. Massive layoffs, pay cuts, and even plant closures are looming…

Volkswagen (OTC:VLKAF) has boosted its initial investment in American electrical vehicle (EV) maker Rivian (NASDAQ:RIVN) to $5.8 billion, $800 million more than initially planned.