Volkswagen Group’s chief executive Oliver Blume emerged from an intensive, all‑night round of talks with the company’s supervisory board with a clean bill of health, securing unanimous support for his sweeping restructuring plan. The deal, which sidesteps the boardroom battles that forced out previous CEOs, gives Blume a clear mandate to streamline operations, accelerate the shift to electric vehicles and tighten cost controls across the conglomerate’s many brands. Insiders say the agreement also includes new performance targets and a refreshed governance framework aimed at boosting transparency and accountability. With the backing now firmly in place, Blume is poised to push forward a bold agenda that could reshape the future of the world’s largest automaker.
VW Group CEO Oliver Blume won unanimous backing for his overhaul after all-night negotiations, avoiding the confrontations that ended predecessors' tenures.
