Tag:

Blume

Volkswagen Rivian software deal clears key milestone

Volkswagen has reached a key milestone in its software partnership with Rivian, clearing the way for the next phase of investment in their joint venture.

27 Mar 2026-15:55
Porsche forecasts higher margins in 2026

German carmaker Porsche, a subsidiary of Volkswagen, expects its operating margin to rise this year, as it dusts itself off from a turbulent 2025 rocked by profit warnings, tariff costs and the departure of its long-standing CEO.

11 Mar 2026-10:28
Volkswagen expects profit margin rebound after tough 2025

Volkswagen AG forecasts a recovery in its profit margin in 2026 following a challenging 2025 marked by U.S. tariffs, rising Chinese competition, and the costly transition to electric vehicles.

10 Mar 2026-10:48
Volkswagen targets 20% cost cuts by 2028

Volkswagen is planning to cut costs by 20% across all of its brands by the end of 2028.

16 Feb 2026-11:13
Blume under pressure to fix Volkswagen

Volkswagen Group CEO Oliver Blume is facing one of the most decisive years of his leadership as investors demand clear results from his ambitious turnaround strategy. With China sales slipping, software development lagging behind competitors, and investor patience wearing thin, Blume is now under intense pressure to prove he can steer Europe’s automotive giant back to growth.

28 Jan 2026-10:06
Porsche board selects successor to CEO Oliver Blume

Porsche’s supervisory board has reportedly agreed on a successor to CEO Oliver Blume, according to Bild, citing six unnamed sources.

17 Oct 2025-10:20
Volkswagen CEO: U.S. tariffs cost company ‘several billion euros’

Volkswagen Group CEO Oliver Blume said Monday that U.S. tariffs have already cost the automaker several billion euros, with the luxury Porsche brand particularly hard hit.

08 Sep 2025-12:53
Porsche begins search for new CEO, likely ending dual role of Oliver Blume

Porsche has started the search for a successor to CEO Oliver Blume, a move that likely signals the end of his dual role leading both Porsche and parent company Volkswagen.

27 Aug 2025-17:31