Volkswagen’s transition to EVs requires stability, new CEO says
2022.09.01 12:34
Oliver Blume, CEO of luxury car manufacturer Porsche AG, speaks at the Automobilwoche car summit in Ludwigsburg, Germany, November 10, 2021. REUTERS/Andreas Gebert
BERLIN (Reuters) – Volkswagen (ETR:VOWG_p) will accelerate its transition towards electric vehicles where possible and must find a stable rhythm for its transformation, new Chief Executive Oliver Blume said at an internal conference on Thursday, the first day of his tenure.
At a gathering of global top managers in Lisbon, Blume said he had developed a ten-point plan focusing on topics including financial robustness, sustainability, the capital market, and development in China and North America.
“I am a fan of e-mobility and I stand by this path … we will keep the current pace and, where possible, increase it,” Blume said, according to a copy of his speech.
Volkswagen must find the right rhythm for a stable transformation by defining and following through on a clear strategy, the chief executive added.
