Browsing: Oliver Blume
Volkswagen Group is preparing a new cost-reduction programme targeting savings of around €60 billion—roughly 20% of its cost base—by the…
The European Commission is preparing legislation that would tie state subsidies for electric vehicles to local production, potentially requiring cars…
Chief executives of Europe’s two largest carmakers, Volkswagen and Stellantis, have jointly called on European Union policymakers to strengthen support…
Porsche is reconsidering the future of its long-delayed all-electric 718 Boxster and Cayman models, with the projects at risk of…
Volkswagen said it has brought its new China Electronic Architecture (CEA) to production readiness in just 18 months, enabling the…
Porsche has acknowledged a misstep in its electrification strategy, with its former chief executive saying the decision to make the…
Volkswagen Group’s battery unit PowerCo SE has commissioned its gigafactory in Salzgitter and produced its first Unified battery cells made…
Volkswagen Group plans to invest €160 billion ($186 billion) through 2030, Chief Executive Oliver Blume said, underscoring a tightening of…
Volkswagen Group has appointed Ludwig Fazel as its new Head of Group Strategy, Group Product Strategy and General Secretariat, effective…
Volkswagen’s chief strategist Stefan Weckbach is reportedly preparing to leave the company for a competing automaker, according to a report…
Porsche inaugurated its first major research and development facility outside Europe on Tuesday in Shanghai, aiming to tailor software and…
Volkswagen Group, which owns Audi and Porsche, said it currently has sufficient semiconductor supply despite growing concerns across Europe following…
Porsche’s difficulties in 2025 are becoming increasingly evident as the luxury automaker contends with a global electric vehicle downturn, falling…
Volkswagen Group is preparing deeper cost-cutting measures to strengthen its financial position, with executives targeting savings of up to 12…
Porsche has introduced the all-electric Macan GTS, expanding its electric SUV lineup with a performance-focused model that delivers up to…
Volkswagen has suspended production at two of its German electric vehicle (EV) factories as demand for battery-powered cars weakens, underscoring…
Porsche AG confirmed on Friday that Michael Leiters will take over as chief executive officer from Oliver Blume starting January…
Porsche has confirmed that it has entered talks with Michael Leiters, the former McLaren Automotive CEO, as a potential successor…
German Chancellor Friedrich Merz said on Thursday he would do everything in his power to prevent a complete phase-out of…
Volkswagen Group is overhauling its in-house software division, Cariad, in a major strategic shift that will see the unit transition…