Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Porsche names Michael Leiters as next CEO, replacing Oliver Blume amid declining sales and EV challenges.
Porsche is set to appoint Michael Leiters, former McLaren CEO and former Porsche engineer, as its next CEO, succeeding Oliver Blume, who is stepping down after leading both Porsche and the Volkswagen Group.
Blume’s dual role drew criticism over workload and conflicts of interest, especially as Porsche faces declining sales, weak EV demand, and rising competition in China.
The company has paused its electric vehicle transition, extended combustion engine production, cut 1,900 jobs, and saw its stock fall sharply, leading to its exit from Germany’s DAX index.
Leiters, known for his work on high-performance models at Ferrari and McLaren, is expected to bring a cautious approach to electrification.
The supervisory board is expected to approve the leadership change soon, with the transition set for 2026.
Porsche nombra a Michael Leiters como próximo CEO, reemplazando a Oliver Blume en medio de la disminución de las ventas y los desafíos de los vehículos eléctricos.