VW Investors Question If CEO’s Overhaul Is Fast Enough (1)

Volkswagen AGChief Executive Officer Oliver Blume is coming under mounting pressure from shareholders to show his overhaul is moving fast enough, as BMW AG’s deep outlook cut adds to concerns over prospects for Germany’s auto industry.

At VW’s annual meeting Thursday, investors are asking if efforts over the past three years of Blume’s tenure are enough as China’s electric-vehicle champions reorder the industry. At stake is Europe’s biggest carmaker’s ability to finance its future and keep paying the dividends that help sustain its investor appeal.

“Without a decisive restructuring, Volkswagen risks a gradual decline,” said Tanja Bauer, ...