Volkswagen CEO Blume, Free of Porsche Role, Under Pressure to Deliver on Turnaround

After stepping down as CEO of Porsche, Volkswagen CEO Oliver Blume is being pressurized by the investors to regain market shares in China and close the technology gap with competitors. His plans involve collaborating more with his Chinese partners and making a high risk investment in software development with U.S. electric vehicle manufacturer Rivian. This year will be a critical test of whether his plans can work in the highly competitive global car market, according to investors.