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Porsche Turns To New CEO To Steer Through Missteps
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Porsche Turns To New CEO To Steer Through Missteps
Michael Leiters took the helm of the luxury carmaker on January 1, ending Oliver Blume’s contentious dual leadership as head of Porsche and parent Volkswagen Group, which Blume will continue to run. The appointment comes as the Stuttgart-based manufacturer grapples with a 10% drop in deliveries for 2025, its worst performance since the 2009 financial crisis. Pressured by supply constraints and weakening demand for popular combustion models, Por…
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