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Report: VW Chief Oliver Blume to Step Down as Porsche CEO

The report emerges during a 91% quarterly profit slump at Porsche.

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Oliver Blume, Vorstandsvorsitzender der Volkswagen AG und Porsche AG, spricht bei der Jahrespressekonferenz der Volkswagen Group in der Autostadt.
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VW-Konzernchef Oliver Blume will seinen Führungs-Job bei Porsche abgeben.

Overview

  • German weekly WirtschaftsWoche, citing insiders, says Blume plans to relinquish the Porsche post to focus on leading Volkswagen.
  • The publication reports a successor search is underway with a target announcement in the autumn and implementation by early 2026.
  • Porsche says it does not comment on rumors, and BILD cites corporate circles saying Blume will remain with owner families backing his dual role.
  • The leadership speculation follows a Q2 automotive operating profit drop to €154 million from about €1.7 billion a year earlier, alongside weak China sales, U.S. tariffs and underperforming EVs.
  • Battery unit Cellforce is being scaled back with roughly 200 jobs at risk, and insiders say stakeholders favor different candidates for a possible succession.