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Oliver Blume

All articles tagged with #oliver blume

business4 hours ago•3 min saved

VW workers blast management over 'disastrous' messaging as job-cut plan looms

Volkswagen workers criticized management’s communication as the carmaker weighs deeper cost cuts and up to 100,000 total job losses (about 50,000 already planned); a works council morale survey found intranet messaging to be the top grievance ahead of job security, as CEO Oliver Blume and the board prepare nine site meetings across Wolfsburg, Emden, Zwickau, Braunschweig and Hannover amid weaker first-half results and intensified global headwinds.

via Euronews.com|

#business #job-cuts #oliver-blume

business1 month ago•111 min saved

VW CEO pledges plant protection as costs are trimmed

Volkswagen's CEO Oliver Blume signals a focus on cost-cutting and efficiency to prevent plant closures, aiming to safeguard production capacity amid the company's push to streamline operations while continuing investments in the electric-vehicle transition.

via AP News|

#auto-industry #business #germany

business10 months ago•1 min saved

Global Chip Shortage Sparks Industry Concerns and Production Risks

Volkswagen's CEO Oliver Blume announced that the company currently has enough chip supply, despite ongoing global shortages and a Chinese export ban on finished products from Nexperia, which affects European automakers. Blume emphasized the fragility of the current chip crisis and called for a swift political solution. Meanwhile, Porsche faces significant challenges with declining sales in China and U.S. tariffs, leading to a substantial third-quarter loss, but expects a positive trend from 2026. Blume also plans to step down as Porsche CEO in 2026, with Michael Leiters as his successor.

via Reuters|

#business #china-export-ban #chip-supply

business10 months ago•2 min saved

Porsche Considers Ex-McLaren Executive Leiters as New CEO

Oliver Blume is stepping down as CEO of Porsche but will remain at Volkswagen, amid criticism over his dual role which was seen as a conflict of interest. His leadership at Porsche was marked by record profits and a successful IPO, but the German auto industry faces challenges from Chinese competitors and internal struggles at Volkswagen. Michael Leiters is expected to succeed Blume at Porsche.

via DW|

#business #ceo-resignation #german-auto-industry