Oliver Blume in the news as VW and Porsche contend with tough EV software pivots and big cost-cutting pressure. German auto boss, CEO of Porsche AG.
Volkswagen is reportedly doubling planned German job cuts and considering closing four factories as it reshapes its business amid intensifying competition from Chinese rivals. The plan would shed roughly 15% of the workforce and reduce five-year investment, with supervisory board decisions expected next month.