Oliver Blume

Volkswagen Chief Executive (CEO) Herbert Diess will promote Porsche CEO Oliver Blume to become head of the VW brand as part of a broader management reshuffle, Auto Motor und Sport said on Tuesday citing company sources. Blume will be moved to the VW brand to help the company get a grip on production issues with the VW ID3 electric car and the Golf 8, the auto industry publication said on Tuesday. Bernhard Maier, currently head of VW's Skoda brand, will become head of Porsche, Auto Motor und Sp

Cheating software was 'programmed so foolishly,' one says.

They hope to develop a technical partnership.

Porsche's head of powertrain development has been arrested by German police in the sweeping investigation of diesel emissions violations by parent company Volkswagen Group, sources told German media outlets.

Stuttgart doubles its EV investment, devises innovative manufacturing for Mission E — and knows exceedingly well how to build things.

Porsche is spending $1.1 billion to update its Stuttgart plant for electric vehicle production.

Porsche is willing to accept smaller jumps in profits to fund its significant upgrades to develop and build new EVs and hybrids.

Porsche doesn't want to pursue autonomous tech, but expect to see more hybrids, including for the 911.

As its current chief executive Matthias Muller steps up to run the entire Volkswagen Group in the wake of the diesel emissions scandal, Porsche has named production and logistics chief Dr. Oliver Blume as its new CEO.