VW restructuring must be CEO Blume's focus, Deka Investment says

Oliver Blume's planned exit as Porsche AG CEO is long overdue, German mutual fund firm Deka Investment said on Friday, adding he must focus on turning around parent Volkswagen.

"Blume must win back the trust of the capital market. He must push ahead with the restructuring (of Volkswagen) and deliver on the announced models and targets," Ingo Speich, Deka's head of sustainability and corporate governance, said.