The new head of Volkswagen wants to accelerate the transition to electric cars

“The future belongs to electromobility,” said Blume, who replaced Herbert Diess at the head of Volkswagen today. “We will maintain the current pace (of the transition to electric cars) and increase it where possible. I’m a fan of electromobility,” he added.

In July, the 63-year-old Diess unexpectedly agreed with the supervisory board to leave his position. According to Reuters sources, 54-year-old Blume was chosen as his successor because he is considered a more prudent boss than Diess. The latter was known for radical changes in strategy, which sometimes provoked the displeasure of the influential racing board.

The Volkswagen Group will slim down the company’s top management

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Since 2015, Blume has been managing the Porsche luxury car division in the Volkswagen concern, which he will also be in charge of as the head of the group. Volkswagen is now preparing to list the Porsche division on the stock exchange.

At the end of July, Volkswagen announced that in the first half of the year, profit after tax increased by more than a quarter year-on-year to 10.6 billion euros (almost 260 billion CZK). Revenue increased by two percent to 132.3 billion euros.

Škoda invests 138 billion crowns in electromobility

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The Škoda car company announced this week that it will invest an additional 5.6 billion euros (roughly 137 billion CZK) in electromobility and 700 million euros (approximately 17 billion CZK) in digitalization over the next five years. Last year, the company stated that it wanted to invest 1.4 billion euros in electric cars over five years.

Škoda Auto plans to launch three new purely electric models by 2026, with others to follow. The share of purely electric cars in the brand’s sales in Europe is to increase to more than 70 percent by 2030. The acceleration of the transition to electromobility and digitization is to present the new logo and visual style of the brand.

The article is in Czech

Tags: Volkswagen accelerate transition electric cars

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