2024-11-20 05:40:09
Automotive
Business
Volkswagen's Leadership Challenges Amid Transformation
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lvz
The Families Behind Volkswagen: Who Steers Europe's Largest Automaker?
Economy
Finance
Politics
The Porsche and Piëch families jointly control over 50% of the voting rights at Volkswagen. The two patriarchs, Wolfgang Porsche and Hans Michel Piëch, both over 80 years old, are the ultimate authority in the VW Group. They have already replaced the CEO several times, most recently installing Oliver Blume. Porsche had once tried to take over VW, which was partially successful. The families' wealth is bundled in various foundations. Ferdinand Oliver Porsche, a 63-year-old lawyer, will likely one..
lvz
Crisis at Volkswagen: VW CEO Oliver Blume in His Greatest Test
Economy
Technology
Oliver Blume, the new VW CEO, faces major challenges: software problems, battery supply shortages, cost savings, and possible plant closures. He is trying to accelerate the transformation through partnerships with companies like Rivian, Northvolt, Gotion, and XPeng. At the same time, he has to manage an enormous workload as the dual CEO of VW and Porsche. He is facing CFO Antlitz and brand chief Schäfer, who come from outside, while predecessor Diess has left behind the software problem. Blume..
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