2024-11-20 05:40:09
Automotive
Business

Volkswagen's Leadership Challenges Amid Transformation

Oliver Blume, the CEO of Volkswagen, is navigating a tumultuous landscape marked by software issues and supply chain constraints. His dual role as CEO of both VW and Porsche intensifies the pressure to innovate and streamline operations.

Partnerships with companies like Rivian and Northvolt are crucial as he seeks to bolster electric vehicle production. Additionally, Blume faces scrutiny from both internal stakeholders, such as the works council chairwoman, and external investors wary of his expansive responsibilities.

Meanwhile, the influential Porsche and Piëch families continue to shape the company’s direction, with succession plans looming. Volkswagen's future hinges on Blume's ability to balance these multifaceted challenges while fostering a culture of transformation and growth.

TechCrunch
19. November 2024 um 21:09

VW taps former Rivian exec to run US business

Economy
Technology
Volkswagen of America's new CEO, Kjell Gruner, previously worked at Rivian and Porsche, where he started in the late 90s. Volkswagen Group's $5.8 billion joint venture with Rivian will develop EV architecture and software for many of its new electric vehicles.
lvz
19. November 2024 um 23:00

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
19. November 2024 um 23:00

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..
CW

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