New Delhi: After months of internal tension and growing investor frustration, Porsche has decided to replace its CEO, Oliver Blume. via an official statement from the Supervisory Board, that negotiations have begun for an early and mutually agreed termination of Blume’s mandate as head of Porsche AG

According to the reports, Michael Leiters, who earlier worked at Porsche for 13 years and later led McLaren Automotive, is expected to become the new CEO. Many see him as the right person to bring fresh energy and stability to the company.

This leadership change comes at a tough time for Porsche. Once known for its strong profits, the brand is now facing serious challenges. Even the demand in China has dropped as export tariffs to the US have been increased, and the shift toward electric

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