Pull to refresh
Logo
Daily Brief
Following
Why Ranks Sign Up
Oliver Blume

Oliver Blume

Chief Executive Officer, Volkswagen Group (and Porsche CEO until Jan 1, 2026)

Appears in 1 story

Notable Quotes

On the new investment plan, Blume said the focus is "on Germany and Europe"—on products, technology and infrastructure. ([republicworld.com](https://www.republicworld.com/automobile/volkswagen-to-invest-186-billion-through-2030-ceo?utm_source=openai))

Speaking to staff at Porsche, he warned that the brand’s business model "no longer is functioning today in its current form" and that conditions had deteriorated massively in a short period. ([fortune.com](https://fortune.com/2025/07/21/porsche-china-trump-tariffs-exports-cars-volkswagen-oliver-blume-layoffs/?utm_source=openai))

Stories

Volkswagen tightens a €160 billion bet on its future

Money Moves

Extended as VW CEO through 2030, overseeing investment reset and restructuring

Volkswagen cut its long-term investment plan to €160 billion through 2030, down from €165 billion (2025–2029) and €180 billion (2024–2028), remaining one of the largest capital programs in global manufacturing. CEO Oliver Blume called it belt-tightening, citing higher U.S. tariffs on European car imports and intense price competition in China. These pressures have eroded Porsche margins and prompted a partial retreat from VW's most ambitious electric-vehicle targets.

Updated 6 days ago