大众CEO，该放弃大众集团还是保时捷？

Core Viewpoint - The article discusses the increasing scrutiny and criticism surrounding Oliver Blume's dual role as CEO of both Volkswagen Group and Porsche, highlighting concerns over potential conflicts of interest and governance issues [3][5][31]. Group 1: Background and Context - Oliver Blume is the first CEO in Volkswagen Group's history to hold dual positions as CEO of both Volkswagen and Porsche [10]. - The controversy over Blume's dual role began when he took over as CEO of Volkswagen Group, with initial concerns raised by a minority of investors [14][18]. - Following Porsche's IPO in September 2022, Blume's leadership has come under greater scrutiny as both companies face declining performance [18][30]. Group 2: Financial Performance and Market Response - Porsche's performance has been declining, with a 3% drop in global deliveries in 2024 and a significant 28% decline in the Chinese market [27][28]. - As of early 2025, Porsche's stock price has fallen to €43.46, nearly halving from its IPO price of €82.5 [30]. - Financial forecasts for Porsche indicate a projected revenue of €37-38 billion for 2025, down from €40 billion the previous year [66]. Group 3: Governance and Shareholder Concerns - Shareholders have increasingly called for Blume to choose one CEO position, citing governance structures that are unprecedented in both Volkswagen and the broader German corporate landscape [9][32]. - Concerns have been raised about the potential for conflicts of interest and weakened accountability due to Blume's dual role [48][49]. - Some family members of the Porsche-Piëch family, who control a significant voting stake in Volkswagen, have expressed differing views on Blume's dual role, with some advocating for a clearer separation of responsibilities [40][54]. Group 4: Blume's Justification and Strategic Vision - Blume defends his dual role as a strategic advantage, allowing for resource integration and unified decision-making across both companies [56][57]. - He emphasizes the importance of scale in negotiations and the ability to implement necessary reforms across both brands [60][61]. - Blume believes that his leadership can help navigate the complexities of the automotive industry's transition to electric vehicles [59][63]. Group 5: Future Outlook and Strategic Adjustments - Volkswagen plans to launch 30 new models in China over the next two years, with a focus on localizing research and development [63][64]. - The company is also restructuring its dealer network in China, aiming to reduce the number of dealerships by one-third by 2027 [69].