Volkswagen Group's new CEO, Oliver Blume will be staring down an extensive to-do list. A diverse set of pressing issues await the 53-year-old ascending to the job Herbert Diess has been ousted from.
The top issue will be listing of the Porsche brand -- VW Group's most prized asset -- amid the worst climate for initial public offerings in years, and fixing protracted problems at the Cariad software division that have caused the postponement of new electric Porsches and Audis.
Diess's aggressive strategies for EVs, software and new-mobility offerings set VW on a path the company's billionaire owners, the Porsche-Piech family, praised even as they pushed him out of the CEO role. It's now up to Blume to follow through in transforming the automaker to better contend with up-and-coming Tesla and incumbents Toyota and Stellantis.