VW Labor Leader Urges CEO Blume to Give Up Porsche Top Job

Volkswagen AG’s powerful unions joined investors in urging Chief Executive Officer Oliver Blume to give up his double role and focus on turning around Europe’s largest automaker.

The company’s top labor official, Daniela Cavallo, on Tuesday urged Blume to step aside as head of Porsche AG, where he has remained CEO even after taking the helm at Volkswagen in 2022. Porsche has started exploring options for possible successors, Bloomberg reported last week.