The Latest Breaking News from Oliver Blume

Even with a new CEO, Volkswagen is still determined to become the world’s largest manufacturer of electric vehicles by 2025.

FRANKFURT: Volkswagen on Thursday hands over the reins to new CEO Oliver Blume, tasked with steering the German automotive giant through challenging economic conditions after four turbulent years under his predecessor, Herbert Diess.

He takes over for Herbert Diess on September 1.

It's going to be assembled in Leipzig, Germany.

With the Leipzig-made new electric SUV, Porsche CEO Oliver Blume says the company is "targeting the higher margin segments in particular."

Porsche and Audi could be lining up on the Formula One grid in 2026, their Volkswagen parent group suggested Thursday, although key ecological targets will have to be achieved. "The management and supervisory board of Volkswagen, Porsche and Audi have approved plans for a possible entry of the brands into…

Porsche has said in the past that the 911 will live on with ICE power - is this a sign of a plan change?

It won't be easy with ongoing supply chain issues and semiconductor shortages.

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