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it home reported on september 25 that at noon beijing time today, according to a report by the financial times, volkswagen's investors are further pressuring blume to give up serving as ceo of both porsche and volkswagen (it home note: the former's parent company).

"how can he handle both jobs correctly at the same time when the automotive industry is in a structural crisis?" asked ingo spiegel, head of corporate governance at deka invest, one of the top 15 shareholders of volkswagen's preferred shares, as europe's largest automaker faces its biggest crisis in decades.

hendrik schmidt, a corporate governance expert at dws, which owns about 2% of volkswagen's preferred shares, said the crisis showed that such an unconventional leadership structure "can only be accepted in the short term."

since blume took on the role of ceo of both porsche and volkswagen two years ago, he has been criticized by investors and analysts, and his ability to manage two listed companies at the same time has been questioned.

blume is under pressure as he battles with volkswagen's works council over plans to cut tens of thousands of jobs and close factories in germany for the first time in its 87-year history. blume and other executives believe the job cuts are essential to the company's survival amid structural challenges such as a shrinking european car market and slowing chinese demand for german brands.