Volkswagen CEO Blume, free of Porsche role, under pressure to deliver on turnaround

Core Viewpoint - Volkswagen CEO Oliver Blume is under pressure to address declining performance in China and to close the technological gap with competitors, which are seen as critical for the company's successful transformation [1] Group 1: Challenges in China - The company is experiencing a significant decline in its market share in China, which is a crucial market for its growth strategy [1] - Investors are concerned about the ability of the CEO to reverse this trend and regain competitiveness in the Chinese automotive market [1] Group 2: Technological Advancements - There is a pressing need for Volkswagen to enhance its technological capabilities to keep pace with rivals in the automotive industry [1] - Closing the tech gap is viewed as essential for the company's long-term success and sustainability in a rapidly evolving market [1]