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VW Group solves CEO ‘dual role’ problem
Yahoo Finance· 2025-10-20 09:53
Core Viewpoint - Volkswagen Group has decided that CEO Oliver Blume will focus solely on his role as CEO of Volkswagen Group starting January 1, 2026, stepping down from his position as CEO of Porsche, amid governance concerns from investors [1][2]. Group 1: Leadership Changes - Oliver Blume's dual role as CEO of both Volkswagen and Porsche has faced scrutiny since Porsche became a separately listed entity in 2022, with stakeholders advocating for him to relinquish one of his positions [2]. - The Supervisory Board of Volkswagen Aktiengesellschaft has resolved to extend Blume's contract for another five years, ensuring his position as CEO until the end of 2030 [3]. - Dr. Michael Leiters has been appointed as the new CEO of Porsche AG, effective January 1, 2026, following Blume's transition [5]. Group 2: Performance and Strategy - The Chairman of the Supervisory Board, Hans Dieter Pötsch, expressed confidence in Blume's ability to advance Volkswagen Group's strategy and operations in a challenging environment over the past three years [4]. - Blume acknowledged the significant changes in Porsche's largest markets, the USA and China, which have necessitated a structural realignment and an expansion of the product strategy to enhance flexibility and cost structure [7].
OG of fast cars drops in games: Porsche adopts in-car gaming with AirConsole
GlobeNewswire News Room· 2025-08-28 13:00
Core Insights - AirConsole is set to launch its in-car gaming platform in the new Porsche Macan, enhancing passenger entertainment during car rides [1][8] - The collaboration with Porsche signifies AirConsole's rapid growth in the automotive sector, having partnered with several prestigious car brands in just two years [2][4] - AirConsole's gaming platform allows for multiplayer gaming experiences, with features that ensure safety and focus for the driver while providing entertainment for passengers [7][11] Company Overview - AirConsole is a Swiss startup based in Zurich, specializing in in-car gaming and managing the entire experience from integration with automotive OEMs to game development [13][17] - Since its launch in July 2023, AirConsole has released over 40 game titles across various automotive brands, setting a new industry benchmark for content delivery [14] Product Features - The gaming platform will be accessible through the Porsche App Center, allowing passengers to use their smartphones as game controllers without the need for additional hardware [10][11] - AirConsole offers a curated library of casual games optimized for short sessions, including genres like racing, trivia, party, and sports [12][17] - The gaming experience is designed to be safe, with non-driving occupants able to play on the front passenger display while the vehicle is in motion [7] Market Availability - The AirConsole platform will be available in all markets where Porsche Connect is offered, excluding China, starting at the end of this year [8][15] Upcoming Events - AirConsole and Porsche will present further details about their partnership at the IAA Motor Show in Munich, with a scheduled speech by AirConsole's CEO on the future of in-car gaming [5]