The Latest Breaking News from Oliver Blume

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…

It's been a busy week for Porsche. In addition to announcing plans to develop a new gasoline SUV to replace the Macan, the company also expressed its long-term commitment to ICEs. CEO Oliver Blume revealed during the Annual Press Conference that the Cayenne and Panamera will retain gas power "far…

It's been two years since Porsche announced an electric Cayenne. In the meantime, the company's lineup has expanded to include a Macan EV. We've now learned that its bigger brother will arrive near the end of 2025. During a QA session today, CEO Oliver Blume confirmed the electric luxobarge will…

Lamborghini is still set on launching its first electric vehicle by 2030, and it could have up to 2,000 horsepower on tap when it arrives. That’s what Volkswagen Group CEO Oliver Blume said in a recent interview, revealing that the EV will ride on a special platform developed by Porsche…

As EV sales cool, VW looks to defunct brand Scout for U.S. growth.

To our American readers: Welcome to a new week. You officially have a new president, and he's promised a lot of change over the next four years. Many of his policies target the U.S. auto industry, which is now sweating over the sheer uncertainty that President Donald Trump's plan for tariffs…

Soaring costs, declining vehicle sales and problems in China are raising pressure on Oliver Blume to cede one of his two CEO jobs.