Tag Archives: Oliver Blume

Porsche’s Next Chapter: Michael Leiters to Take the Helm in 2026

The winds of change are blowing through Zuffenhausen once again. Porsche AG’s Supervisory Board has officially named Dr. Michael Leiters as the company’s next Chief Executive Officer, effective January 1, 2026. Leiters will succeed Dr. Oliver Blume, who departs the role after ten transformative years—though he’ll remain at the top of the Volkswagen Group.

Blume’s decade at Porsche reads like a masterclass in modern automotive leadership. Under his stewardship, Porsche not only set record financial results but also navigated the brand’s IPO with surgical precision, expanded into new global markets, and continued to dominate in motorsport. From the electrification of the Taycan to the enduring success of the 911 and the blockbuster sales of the Macan and Cayenne, Blume turned balance sheets and lap times alike into trophies.

In a statement, Dr. Wolfgang Porsche, Chairman of the Supervisory Board, praised Blume for “successfully managing the company in challenging times” and for “paving the way for Porsche’s next generation of leadership.”

That next generation arrives in the form of Dr. Michael Leiters, a name that will ring familiar to industry insiders. Leiters, currently CEO of McLaren Automotive, brings a résumé that reads like a sports car hall of fame: Chief Technology Officer at Ferrari, senior engineering roles at Porsche, and the man behind some of Maranello’s most evocative machines. Before joining Ferrari, Leiters spent 13 years at Porsche, overseeing development of the Cayenne and Macan—the latter of which became a global sales phenomenon and a symbol of Porsche’s modern versatility.

Now, Leiters returns to Stuttgart not as an engineer, but as the man steering the entire company.

From Blume to Leiters: The Changing of the Guard

In many ways, Leiters’ appointment feels like a full-circle moment. He’s a Porsche alumnus who left to conquer the world of supercars and is now returning home to apply lessons learned from McLaren’s lean engineering culture and Ferrari’s obsession with performance purity.

For Porsche, the timing is strategic. The company faces massive shifts in its two largest markets—the U.S. and China, both of which are redefining luxury mobility and electrification expectations at a breakneck pace. Blume himself acknowledged these challenges, noting that Porsche has realigned its structure and expanded its product strategy to remain agile in an industry where drivetrain flexibility and cost efficiency will determine who thrives and who fades.

With Leiters’ technical pedigree and global perspective, Porsche signals that it intends to stay as fast in strategy as it is on track.

The Road Ahead

Leiters inherits a brand that straddles two worlds—heritage and high voltage. The 911 remains the heartbeat of Porsche’s identity, but the company’s future rests equally on the success of its electric Macan, the upcoming 718 EV, and the Mission X hypercar, which aims to redefine what “Porsche performance” means in the electric era.

His challenge will be to keep Porsche’s soul intact while continuing the electrification push, expanding global appeal, and ensuring that every new Porsche—whether powered by batteries or fuel—feels unmistakably alive.

“Dr. Michael Leiters has decades of experience in the automotive industry,” Dr. Wolfgang Porsche said. “His leadership style and in-depth expertise are ideal prerequisites for successfully chairing the Executive Board of Porsche AG.”

If Leiters’ track record is anything to go by, Porsche’s next chapter looks to be as thrilling as its last. The man who helped build the Macan, shape Ferrari’s modern lineup, and guide McLaren through transformation now returns to lead the brand where it all began.

For Porsche, the story continues—and the next lap promises to be fast.

Source: Porsche

Volkswagen is sinking

After the CEO of VW Oliver Blume stated that Volkswagen plans to shut down some plants in Germany, for the first time, it shocked the workers of this German manufacturer. The plan also includes abolishing job guarantees that have been in place for more than 30 years to cut costs. In many ways this was a question of not if, but when.

For a long time, VW has been struggling with huge supply chain constraints and increasingly strong competition, primarily from Chinese companies such as BYD, which is destroying the competition with low costs and state subsidies. Also, Chinese companies produce superior EVs in particular. Volkswagen has the capacity to produce 14 million cars per year, and in 2023 they produced only 9 million cars.

The workers are against this plan of the company, but so are the minority shareholders in the VW group. The head of the works council, Daniela Cavallo, said: “This calls into question VW itself, and thus the very essence of the group.” We will defend ourselves fiercely. As long as I’m on the council, VW won’t be closing plants!”

Oliver Blume stated that the VW Group is in a difficult situation and that it requires difficult decisions: “The European automotive industry is in a very challenging and serious situation. The economic environment is further difficult and new suppliers are pushing into Europe. In addition, Germany in particular lags further behind in terms of competitiveness. In such an environment, we as a company must be consistent.”

Also, in autumn wage talks are kicking off, but what we might see at the end of the day is workers agreeing to zero or very little pay increases.

Source: Reuters

Porsche’s CEO is the new head of VW

One of the largest car manufacturers in the world will soon have a new CEO. The current CEO of the VW Group, Herbert Diess, will resign at the end of next month, and from September, the former CEO of Porsche, Oliver Blume, will take over.

The German company did not say why Diess resigned. He came to Volkswagen from BMW in 2015, at a time when the company was rocked by the Dieselgate affair. Diess is credited with ushering the company into a new era, encouraging major investment in electric vehicle production, with the goal of selling one million electric cars a year by the middle of this decade.

With the new CEO, the VW group will certainly not lose, what so ever, they will get someone who knows the situation in the company very well. Blume will become CEO in early September, and should be a long-term solution for VW. One of the first big challenges for him will be to find a potential investor, given that VW has previously established the framework for a potential initial public offering.

After joining the VW Group in the mid-90s, this will be Blume’s biggest challenge yet. In a statement to the media, he did not hide his enthusiasm for the new position. He said his focus will be on customers and products.

Source: VW Group