Porsche AG: The great ordeal:
Porsche is battling declining sales, profit warnings, and structural problems; investors are skeptical about the turnaround.
deraktionaer.de/artikel/mobilitaet-oel-energie/porsche-ag-die-grosse-zerreissprobe-20380559.html
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German automobile manufacturer specializing in high-performance sports cars, SUVs and sedans, owned by Volkswagen AG
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Frustrated Porsche investors call for CEO Blume to drop dual Porsche-VW role: Investors called upon Porsche CEO Oliver Blume, who also heads parent company ...
reuters.com/business/autos-transportation/frustrated-porsche-investors-call-ceo-blume-drop-dual-porsche-vw-role-2025-05-21/
Fed-up investors call for CEO Oliver Blume to drop dual Porsche-VW role: Investors called on Porsche CEO Oliver Blume, who also heads parent company Volkswagen ...
timeslive.co.za/motoring/news/2025-05-21-fed-up-investors-call-for-ceo-oliver-blume-to-drop-dual-porsche-vw-role/
Porsche Annual General Meeting: Criticism of CEO Oliver Blume: At the Porsche Annual General Meeting, Oliver Blume has to answer questions about his dual role.
sueddeutsche.de/wirtschaft/porsche-hauptversammlung-blume-doppelrolle-li.3255420
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Oliver Blume: Porsche is bracing itself against the crisis - | Investors critical
handelsblatt.com/unternehmen/industrie/oliver-blume-porsche-stemmt-sich-gegen-die-krise-investoren-kritisch/100129825.html
Oliver Blume and the dual role: How does he get out of it?: As head of Porsche and VW, Oliver Blume faces challenges in the auto industry ...
sueddeutsche.de/wirtschaft/oliver-blume-doppelrolle-vw-porsche-kritik-li.3255413
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VW Profits Plunge: What Volkswagen CEO Blume Says About the Situation: VW has once again reported a sharp drop in profits: How bad is the situation for the ...
zdfheute.de/wirtschaft/unternehmen/blume-vw-chef-konzern-zahlen-interview-100.html
Key FactsVW's Major Cost-Cutting Plan Faces Resistance
Jul 24, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: n-tv.de
Summary created with AI assistance · Source: n-tv.de
- Oliver Blume intends to secure approval for the new cost-saving package from VW's supervisory board by the end of 2026.
- He rejects plant closures until 2030, focusing instead on enhancing competitiveness within existing facilities.
- The workforce reduction in Germany is planned to total 50,000 jobs by 2030, with 35,000 cuts at the VW core brand.
- Annual production capacity will be lowered to about 9 million vehicles, alongside cuts in models and variants.
it's not realistic to talk about factory closures until 2030.— Oliver Blume, CEO of Volkswagen Group, in an interview about VW's savings package
Porsche SE - Stimmungswandel im Porsche-Reich: Lob für Leiters, Ansagen für Blume
stuttgarter-nachrichten.de/inhalt.porsche-se-stimmungswandel-im-porsche-reich-lob-fuer-leiters-ansagen-fuer-blume.35cb0b80-f12b-431b-8765-0e73c993efa8.html
Porsche AG Annual General Meeting - | Fund manager sees a "shambles", but believes in new Porsche CEO
stuttgarter-nachrichten.de/inhalt.hauptversammlung-porsche-ag-fonds-manager-sieht-einen-scherbenhaufen-aber-glaubt-an-neuen-porsche-chef.5626b483-34e4-4e4d-b6a7-d76bcd342f83.html
Porsche manager Sebastian Rudolph - | The sparring partner of CEO Blume is leaving Porsche
stuttgarter-nachrichten.de/inhalt.porsche-manager-sebastian-rudolph-der-sparringspartner-des-konzernchefs.53ea4fe5-c401-48bf-8e59-6ca551660ac7.html
Billions in management errors: How Oliver Blume drove Porsche into crisis: VW and Porsche CEO Oliver Blume has to cope with a bitter balance sheet: The Porsche ...
focus.de/finanzen/news/milliarden-in-management-fehlern-wie-oliver-blume-porsche-in-die-krise-fuhr_da8a0b04-5310-43fe-93da-ff62f7a1c2fa.html
Car manufacturer: Porsche boss sees sports car manufacturer in a strong position: Oliver Blume speaks of a serious crisis at Porsche, but believes the sports car ...
handelsblatt.com/unternehmen/industrie/autobauer-porsche-chef-sieht-sportwagenbauer-robust-aufgestellt/100168231.html
From Porsche to Leiters - | The new Porsche boss and his predecessors - | the photos of the powerful
stuttgarter-nachrichten.de/inhalt.von-porsche-bis-leiters-der-neue-porsche-chef-und-seine-vorgaenger-die-fotos-der-maechtigen.28c7e8a5-78a7-4734-b1ee-b1a7d63934e9.html
Key FactsOliver Blume to Relinquish Porsche CEO Role Soon
Oct 17, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: n-tv.de
Summary created with AI assistance · Source: n-tv.de
- Oliver Blume plans to give up his dual role as CEO of Volkswagen and Porsche at the turn of the year to focus on Volkswagen alone.
- Michael Leiters, former McLaren Automotive chief, is the expected successor at Porsche but still requires supervisory board approval.
- Blume has led Porsche since 2015 and additionally took over Volkswagen’s CEO position in 2022.
- Criticism of Blume’s dual leadership intensified amid industry challenges, contributing to several recent executive changes at Porsche.
The CEO cannot be a part-time chief in Wolfsburg and spend the rest of the time at Porsche. This situation must end.— Daniela Cavallo, VW works council chairwoman, at a works meeting.
Volkswagen: VW CEO Blume withdraws return target at Porsche: Volkswagen has made great progress with its cost-cutting measures, emphasizes CEO Blume at the IAA ...
handelsblatt.com/unternehmen/industrie/volkswagen-vw-chef-blume-kassiert-renditeziel-bei-porsche/100153683.html
Key FactsPorsche Anticipates Recovery After Profit Slump
Sep 8, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: stuttgarter-nachrichten.de
Summary created with AI assistance · Source: stuttgarter-nachrichten.de
- Following a sharp profit decline in the first half, Porsche CEO Oliver Blume expects improved results in 2025.
- The company’s profit dropped by 71 percent to 718 million euros, with operational margins falling to 5.5 percent.
- The decrease is mainly due to weakening premium sales in China and new US tariffs, the brand's largest markets.
- Blume highlights that the era of exceptionally high profits is over, but Porsche holds potential to regain double-digit margins.
The party that we have celebrated in the automotive industry for decades is over in this form.— Oliver Blume, CEO of Porsche, commented on the changes in the automotive industry.
Porsche moves into the second stock market league: CEO under pressure after further setback
schwaebische.de/wirtschaft/porsche-biegt-in-zweite-boersenliga-ab-konzernchef-unter-druck-nach-weiterem-rueckschlag-3894704
Porsche AG: Watch out, hot!: Porsche searches for successor to CEO Blume; share shows signs of recovery, RBC remains neutral.
deraktionaer.de/artikel/aktien/porsche-ag-vorsicht-heiss-20385700.html
Key FactsPorsche's CEO Steps Down with Successor to Be Named by 2026
Aug 27, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: fr.de
Summary created with AI assistance · Source: fr.de
- Oliver Blume is preparing to resign as Porsche CEO, with a search for his replacement underway.
- The successor is expected to be announced in autumn and take over by early 2026.
- Porsche faces challenges from its struggling China market and discontinued own battery production plans.
- The planned job cuts at Porsche’s Cellforce subsidiary have drawn sharp criticism from the union.
Electromobility will continue to be an essential drive type for our sports cars.— Oliver Blume, as he describes the future direction of Porsche in the field of electromobility.
By 91 percent! Porsche results plummet completely in the second quarter: Sales decline in China, tariffs in the USA, a stalled e-offensive: Porsche has several ...
focus.de/finanzen/news/um-91-prozent-porsche-ergebnis-stuerzt-im-zweiten-quartal-komplett-ab_63f7248b-cb99-472e-be7f-4658d9d91a23.html
,regionOfInterest=(167,220)&hash=bba54d5520c650590fee588f066945e89a0dc1aa884451355bb0bd2d513ac5c8)
Key FactsPorsche operating profit drops nearly 91% in second quarter
Jul 25, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: stuttgarter-nachrichten.de
Summary created with AI assistance · Source: stuttgarter-nachrichten.de
- In the second quarter, Porsche’s operating automotive profit fell to €154 million from about €1.7 billion.
- Brand revenue declined about 12.9 percent to just over €8.3 billion.
- The business was strained by weaker Chinese sales, US import tariffs, restructuring costs, and electric-mobility investments.
- Porsche plans to eliminate around 1,900 jobs in the Stuttgart region by 2029.
The structures are set to shrink, by 2029 the Porsche management plans to cut around 1,900 jobs in the Stuttgart region.— Oliver Blume, CEO of Porsche, informs about the planned job cuts.
Weak sales in China and uncertainty over US tariffs: Porsche plans second cost-cutting program
swr.de/swraktuell/baden-wuerttemberg/porsche-zweites-sparprogramm-100.html
Volkswagen flags 'massive' US investments and says tariff talks constructive: The carmaker said that tariff talks with the U.S. have been fair and constructive.
reuters.com/business/autos-transportation/volkswagen-fair-talks-with-washington-tariffs-ceo-tells-newspaper-2025-05-30/
Key FactsVolkswagen Plans Major US Investments Amid Tariff Talks
May 30, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- Volkswagen aims to significantly increase its investments in the United States with a clear growth strategy.
- Tariff negotiations with the US government are characterized by fairness and constructive dialogue, including frequent meetings in Washington.
- The company employs over 20,000 people directly in the US and has already invested $5.8 billion in the local automotive industry.
- Blume expresses hope for a swift agreement between Washington and Brussels but refrains from specifying a timeline.
So far, we have had absolutely fair, constructive discussions.— Oliver Blume, CEO of Volkswagen, in an interview with Sueddeutsche Zeitung about tariff talks with the U.S. government.
Huge severance package for Meschke - | Dismissed Porsche Vice President receives more than the current CEO
stuttgarter-nachrichten.de/inhalt.riesen-abfindung-fuer-meschke-rausgeworfener-porsche-vize-kassiert-mehr-als-der-amtierende-chef.dbfd3df7-9916-4737-ab3e-0af91dffeaa8.html
Paid articlePaywallKey FactsPorsche Faces Backlash Over Massive Severance Pay
May 22, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: handelsblatt.com
Summary created with AI assistance · Source: handelsblatt.com
- Porsche disclosed a severance payment of €11.6 million to former CFO Lutz Meschke for early contract termination, exceeding governance code limits.
- Critics argue the company disregards established corporate governance principles and undervalues shareholder expectations as a public firm.
- The payout is almost twice the recommended maximum based on two years’ compensation, which would be around €6.6 million.
- Concerns also focus on CEO Oliver Blume’s dual roles and supervisory board composition, affecting corporate oversight and stock performance.
Such behavior may be acceptable in a family business. However, as a publicly traded company with investors from around the world, this conduct is yet another signal of how little the expectations and guidelines of free shareholders are regarded in the Porsche universe.— Marc Tüngler, Managing Director of the German Association for Securities Ownership (DSW), regarding the severance payment to Lutz Meschke.
VW Annual General Meeting: Shareholders demand Blume's resignation from Porsche leadership
wiwo.de/unternehmen/auto/vw-hauptversammlung-aktionaere-fordern-blumes-rueckzug-von-porsche-spitze-01/100128893.html
Porsche restructures board of directors: The personnel carousel is turning at Porsche. The board of directors is being further restructured ...
waz-online.de/lokales/wolfsburg/porsche-baut-vorstand-um-IHYP66EQTZCTXE2LB3UC37IAAA.html
Paid articlePaywallKey FactsPorsche Board Undergoes Leadership Renewal
May 12, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: spiegel.de
Summary created with AI assistance · Source: spiegel.de
- Porsche CEO Oliver Blume is restructuring the board to bring in younger managers.
- Purchasing head Barbara Frenkel and HR chief Andreas Haffner are stepping down due to age, with Vera Schalwig and Joachim Scharnagl appointed as their successors.
- The transition is viewed as a planned generational change as Blume revamps the majority of board positions.
- These changes may anticipate Blume's potential departure from the Volkswagen group.
The personnel renewal at sports car speed that Blume is currently executing at Porsche is nonetheless to be understood as preparation for his own departure.— This statement outlines the strategic changes in Porsche's board under Oliver Blume and hints at his potential future decisions.
Car giant in crisis: The VW Group is on fire at every corner: Difficulties with Audi and Porsche, weaknesses in China: The situation is not only coming to a head ...
faz.net/aktuell/wirtschaft/unternehmen/autoriese-in-der-krise-im-vw-konzern-brennt-es-an-allen-ecken-19982127.html
Paid articlePaywallKey FactsVW Group Faces Major Challenges and Restructuring
Sep 14, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: faz.net
Summary created with AI assistance · Source: faz.net
- The VW Group is under pressure due to issues at Audi and Porsche, along with poor sales in China.
- Employees in Brussels are protesting against plant closures and have announced a major demonstration.
- The management has terminated the employment guarantee for 120,000 workers, potentially leading to mass layoffs.
- Porsche's financial situation has worsened, while VW and Audi must improve efficiency and reduce costs.
Oliver Blume in Beijing: Porsche replaces China boss: Porsche sales in the People's Republic are collapsing. Local dealers have increased the pressure and ...
faz.net/aktuell/wirtschaft/unternehmen/oliver-blume-in-peking-porsche-tauscht-china-chef-aus-19869026.html
"Incompetence" - criticism of Green minister on VW supervisory board.: At an extraordinary general meeting of Volkswagen, shareholder representatives criticize ...
welt.de/wirtschaft/article242721819/Inkompetenz-Kritik-an-gruener-Ministerin-in-VW-Aufsichtsrat.html
Volkswagen’s new boss faces some enduring challenges: Can Oliver Blume do better than Herbert Diess?
economist.com/business/2022/07/28/volkswagens-new-boss-faces-some-enduring-challenges
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