Oliver Blume
The previous Porsche boss will be given new tasks as the new Volkswagen CEO – and will still keep his old job.
(Photo: Reuters)
The new Volkswagen boss Oliver Blume wants to accelerate the restructuring of the car manufacturer with a ten-point plan. “This includes robust, consistent financial planning with tight return, cash flow and break-even targets,” Blume told Handelsblatt. The business in China and North America and an intensive look at the software subsidiary Cariad are also part of this ten-point plan.
“The next three years will be a very strenuous phase,” said the new CEO, who will take office this Thursday, as the reason for the increased pace. The group is constantly being challenged by the shift towards electromobility and digitization. Recently, VW had to complain about quality losses and weaker results.
Blume defended his dual role as head of VW and the sports car subsidiary Porsche, which is scheduled to go public in the fall. “On this basis, I can make the right strategic decisions for the group,” he said.
Read the whole interview with VW boss Oliver Blume here:
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