The Latest Breaking News from Oliver Blume

Porsche discontinued the original Macan in Europe last year, not because it wanted to, but because it had to. The gasoline crossover failed to meet the General Safety Regulation (GSR2) that came into effect in July 2024, forcing Zuffenhausen to pull the plug on its cash cow on the Old…

Tesla's Full Self-Driving system may have more juice in China than expected. Plus: Volkswagen takes a major tariff hit, and LG warns of a battery slowdown.

CEO of Europe’s largest industrial group says he has been in direct talks with Donald Trump’s administration

We knew this day would come, so don’t be too sad that Porsche is about to pull the plug on its gas-fueled 718 duo. The current-generation Boxster and Cayman have been on their deathbeds since last year, when the sports cars were retired from Europe due to stricter cybersecurity regulations.…

Like a lot of automakers, Porsche made an aggressive push towards EVs. Its initial plan was for 80 percent of its sales to be fully electric by 2030, but at its annual shareholder meeting Wednesday, CEO Oliver Blume said that's not going to happen, though not for lack of trying.…

Porsche might be in a mess of its own making. Sales for the German automaker were down globally by 8.0 percent through the first three months of the year. While sales in the United States were actually up, the foreign-made Macan and Cayenne made up nearly 68 percent of those…

Three years into his dual assignment, Blume is facing increasing pressure to focus on one of his two posts given a perceived conflict of interest and mounting problems in China.

Where would Western luxury automakers be today without the Chinese market? Prestige brands have been riding the gravy train for years, but all good things must come to an end. The rise of domestic automakers has severely impacted demand for international brands; ask Porsche. Its sales in China slipped by…

Tesla is facing perhaps its most pivotal moment in recent history. The automaker's sales are slipping, investor confidence is dwindling and political pressure coming from within has stained the automaker's reputation. With its first earnings call of the year coming today, Tesla has a lot to answer for. I hope…