Volkswagen Group CEO Oliver Blume has secured unanimous board approval for his sweeping restructuring plans following marathon all-night negotiations, marking a significant moment in the automaker's ongoing transformation. The smooth passage stands in sharp contrast to the acrimonious exits of his predecessors, Herbert Diess and Matthias Müller, both of whom were forced out amid internal power struggles and strategic disagreements. Blume's overhaul is expected to reshape the company's cost structure and product lineup as it grapples with intensifying competition from Chinese EV makers and the high cost of its electric vehicle transition. The unanimous vote signals a rare display of board unity at a company that has been rocked by leadership turbulence in recent years.
VW Group CEO Oliver Blume won unanimous backing for his overhaul after all-night negotiations, avoiding the confrontations that ended predecessors' tenures.
