Porsche To Appoint New Chief Executive Officer Germans In Talks With Ex Mclaren Leader

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A new chief executive officer will be appointed by Porsche, and the Germans are in discussions with the former head of McLaren.
In the near future, Porsche may have a new CEO take over the company. In the present moment, negotiations are taking place with the German label over Michael Leiters, who has the potential to follow Oliver Blume. Leiters worked as the CEO of McLaren in the past.
Michael Leiters, ex-McLaren leader Porsche is about to get a new CEO after Oliver Blume has been the chief executive of the company for a decade. Despite the rather dire situation the German company is facing right now, rumors have been floating around that Porsche has been negotiating with a potential successor to Blume.
He may be Michael Leiters, the former head of McLaren. According to the German media, around the turn of the year, Oliver Blume, the chief executive officer of the parent company Porsche, the Volkswagen Group, will step down. This will allow him the capacity to focus on his leadership position.
A statement by the car company said, “Negotiations with Dr. Leiters will be initiated,” but no other details were given.
The career of Oliver Blume: Oliver Blume has been the CEO of Porsche and Volkswagen Group since 2022. He has held both of these posts simultaneously. The stock of Volkswagen Group has greatly fallen by more than a third over this period of time, and the stock of Porsche’s selection has also significantly decreased by more than a third from its prior level. Both of these decreases are considerable. As a result of sales that are lower than what was anticipated, Porsche is currently in the midst of a market catastrophe for electric cars. This is due to the fact that sales fall short of what was projected.
Oliver Blume – Volkswagen Group CEO
Photo credits: Fabian Sommer Over the course of the preceding year, the German automobile manufacturer altered its approach to the electrification of their vehicles. The manufacturing of electric vehicles that are powered by internal combustion engines will continue for a longer period of time as a direct result of this development.


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