German FAZ: VW works council: Blume is supposed to hand in chief position at Porsche009890

It is a constellation that triggered criticism right from the start. When Oliver Blume, then Porsche boss, put the parent company Volkswagen three years ago, he kept the post in Stuttgart. To this day, he leads Porsche and the VW group in personnel union. Now the influential VW Group Works Council is among the votes that demand that flower should hand in the Porsche cheeky post and concentrate entirely on Wolfsburg. “The CEO cannot be a half-day boss in Wolfsburg and spend the rest of the time at Porsche,” said works council chief Daniela Cavallo on Tuesday at a works meeting at Wolfsburg headquarters. “This condition must end.” Flower, as can be heard from participants, did not respond to the statement of Cavallos at the works meeting. He has listened to her demand with a “petrified expression”, it says of participants. The 57 -year -old manager had recently said more or less openly that his double function should not be determined for all time. However, he did not mention a time when he wants to withdraw from the Porsche leadership. Like the F.A.Z. had already reported, there could still be a successor for the post at the Porsche tip quickly over the course of the year. However, the step could also take the next year. In the VW group, double functions are actually nothing new. For former CEO such as Martin Winterkorn or Herbert Diess, in the past, however, it was essentially about the Wolfsburg main brand VW. Organizationally, it has its own management and was repeatedly led in history in parallel to their overarching group tasks in history. Since the IPO three years ago, shares of the sports car manufacturer have been traded publicly. For shareholders of Porsche AG, it is difficult to see whether decisions by the CEO always fall in the sense of the Porsche shareholders or whether there are any conflicts of interest at the Group level. The high workload of both tasks is also criticized. And the pressure has increased further, since not only VW, but also Porsche is in a severe crisis. More on the Themada’s Land Lower Saxony, large-scale shareholder and most important management and production location of the VW group, it would have liked to see if flower is fully concentrated on the work there. The shareholder families Porsche and Piëch, to whom the Porsche sports car brand as a nucleus of their entrepreneurial ascent is particularly close, has long seen no difficulties in the double role. Apparently she still does not see a big time pressure. Among other things, Blume himself had justified the constellation that the anchoring in operational processes of a brand is important in his view in order to be able to lead the group well. In addition to the Hard said to the CEO, Cavara leader Cavallo also criticized the current control logic of the group. In her view, this has apparently handed over too many responsibilities to other power centers in Stuttgart or Ingolstadt. VW and Wolfsburg should now be “again gently and focal point for the entire group of group,” said Cavallo in their speech. “We are the mother and the societies are the daughters.” Considerations of tightening the whole group even more to cut out the stem brand VW from the Wolfsburg umbrella company and only turning the group into financial holding holding. “Because only financial goals would be added to the brands and thus made the necessary corporate synergies completely impossible. We do not need less central control, but more.” Daniel Parrarneben Topics such as the savings program and the production balance in the main plant were also the focus on Tuesday. Because shortly before the world premiere of the new electric small car, Cavallo and VW brand boss Thomas Schäfer unveiled the still camouflaged series version of the “ID.2all”, which is due to start next year. The official presentation is planned on Sunday in the run-up to the International Automobile Exhibition (IAA) in Munich. VW wants to advance VW in the electrical entry segment with the electric car in polo format. The entry price should be around 25,000 euros. Other models on the same technical basis are planned by the Skoda and Cupra group brands, and another variant as a small VW city off -road vehicle. All four are built in Spain. In 2027, an even cheaper model with the working title “ID.EVERY1” should follow for around 20,000 euros. Unlike a few years ago, when VW had already revealed a model at a company meeting, this time there was a strict photo ban. So far, the model has only been shown as a study in the early stage that VW had presented two and a half years ago. The group wants to present a number of innovations on the IAA. The vehicles in the premium segment include the design study Concept C from Audi, the draft for a new sports car.
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