Oliver Blume
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Background
AI-generatedOliver Blume is a German automotive executive who serves as Chief Executive Officer of Volkswagen Group and CEO of Porsche AG.
Role
Oliver Blume is Chairman of the Board of Management of Volkswagen AG, the German automaker and parent of brands including Audi, Porsche, Škoda, and SEAT, while concurrently serving as CEO of Porsche AG. He oversees strategy, restructuring, and electrification efforts across the Volkswagen Group's global operations.
Background
Blume trained as an engineer and spent much of his career within the Volkswagen Group, holding senior production and management roles at Audi and Porsche before becoming Porsche's CEO in 2015. He was appointed CEO of the parent Volkswagen Group in 2022, succeeding Herbert Diess, and has since held the dual role of leading both Porsche and Volkswagen.
Why they are in the news
Blume has been in the news in mid-2026 as Volkswagen pursues cost-cutting measures amid pressures including weak sales, competition from Chinese electric-vehicle makers, and high production costs in Germany. Reports indicate he is seeking ways to reduce expenses while avoiding outright plant closures, a sensitive issue given strong German labor protections and union influence at Volkswagen.
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In the news
How Oliver Blume connects
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