The Porsche model is Germany’s most worthwhile automotive maker and the money cow of the group. It has a 16 % revenue margin which it goals to boost to over 20 percent in coming years.
Blume will take over from Diess on the helm of VW Group to ascertain a “management tradition that makes teamwork a prime precedence,” VW stated.
That’s one thing Diess has struggled with.
It’s unclear whether or not Blume’s consensus-driven strategy will succeed with Volkswagen’s highly effective works council, which has been a continuing supply of hassle for Diess in his makes an attempt to push by means of reform.
It additionally stays to be seen whether or not Blume might be as a lot of an electrification purist as Diess, who advocated for focusing completely on battery-electric autos.
Although Blume has overseen the manufacturing of Porsche’s first full-electric automobile, the Taycan, he has additionally proven curiosity in different low-carbon applied sciences, investing in a wind-powered e-fuels manufacturing facility in Patagonia.