The Latest Breaking News from Oliver Blume

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 · May 6

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 · May 4

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 · Apr 21

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 · Jan 28

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

The demand is clear.

We Got This Covered · Jan 26

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 · Jan 7

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 · Nov 18, 2025

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 · Oct 28, 2025

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 · Oct 24, 2025

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 · Oct 20, 2025