Oliver Blume

The attorneys general of 12 states sued to block Paramount Skydance’s acquisition of Warner Bros. Discovery, citing reduced competition. President Trump announced a naval blockade of Iran’s Strait of Hormuz with a 20% cargo fee. Volkswagen CEO Oliver Blume warned of potential job cuts and restructuring due to market challenges.

Volkswagen's CEO Oliver Blume warned of an additional 50,000 job cuts, increasing the total to 100,000. The decision follows a 20% cost disadvantage compared to rivals, attributed to labor representatives blocking a restructuring plan at the supervisory board.

Volkswagen’s CEO Oliver Blume emphasized avoiding plant closures and achieving cost reductions, particularly in Germany, as part of the company’s turnaround strategy. He highlighted a 20% improvement in factory costs in Germany last year and announced plans to streamline the model lineup by up to half, though specifics remain unclear.

Volkswagen CEO Oliver Blume aims to avoid plant closures while cutting costs, with the company announcing a streamlined model lineup and a 20% reduction in German factory costs last year. The automaker faces competition in the Chinese market and is in the next phase of a three-year realignment.

Volkswagen CEO Oliver Blume aims to avoid plant closures while cutting costs, citing a 20% reduction in German factory costs last year. The automaker is streamlining its model lineup by up to half as part of a realignment plan amid competition in China.

Volkswagen CEO Oliver Blume is seeking to avoid plant closures in Germany while implementing cost-cutting measures to improve the automaker's performance. The company announced plans to streamline its model lineup by up to half and reported a 20% reduction in factory costs in Germany last year.

Volkswagen reported an 8.6% decline in group sales in Q2 2026, with a significant drop in China. The company announced plans to reduce its model lineup by nearly half as part of a 'fundamental realignment' to improve competitiveness, citing challenges like geopolitical tensions, tariffs, and stiff competition, particularly from Chinese electric vehicle manufacturers.

Volkswagen reported an 8.6% sales decline in Q2, with a significant drop in China, as the automaker announced plans to reduce its model lineup by up to half. CEO Oliver Blume emphasized streamlining operations to improve competitiveness amid rising costs and stiff competition, particularly from Chinese electric vehicle manufacturers.

Volkswagen reported a significant sales decline, particularly in China, and announced plans to reduce its model lineup by nearly half to improve competitiveness. CEO Oliver Blume emphasized streamlining operations and addressing challenges like rising costs and stiff competition, while a protest occurred at a Zwickau plant over job concerns.

Volkswagen reported an 8.6% sales decline in Q2, with a significant drop in China, and announced plans to reduce models by nearly half to streamline operations. CEO Oliver Blume emphasized reducing complexity and improving competitiveness amid rising costs, geopolitical tensions, and stiff competition, while protests emerged over job concerns at a Zwickau plant transitioning to electric vehicles.

Volkswagen faces protests in Germany over a proposed plan to cut up to 100,000 jobs and close factories. The union IG Metall organized demonstrations at 18 sites, including the company's headquarters, criticizing CEO Oliver Blume for shifting blame to workers for past failures.

Volkswagen CEO Oliver Blume announced plans to reduce 19,000 jobs by year's end. Over 28,000 binding departure agreements have been reached for 2030, as disclosed to shareholders.