Press Releases
Volkswagen brand suspends production on Thursday due to corona crisis
The Volkswagen Passenger Cars brand is gradually suspending production at its European plants. This will also affect Volkswagen Group Components plants. This is the brand's response to the impending rapid decline in demand on the automotive markets. Risks in connection with suppliers’ supply chains are also increasing. This is due to the significantly accelerated rate of infection by coronavirus and the resulting measures taken by the authorities. Initially, the factories are therefore expected to remain closed for two weeks. For the affected German sites, the measures are to apply from the end of the late shift on Thursday.
Volkswagen Group and its brands bring 2019 to successful conclusion
The Volkswagen Group brought fiscal year 2019 to a successful conclusion with improved financial results in almost all brands. Dr. Herbert Diess, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, said, “2019 was a very successful year for the Volkswagen Group. We have laid vital groundwork for all relevant changes. 2020 is a very difficult year. The corona pandemic presents us with unknown operational and financial challenges. At the same time, there are concerns about sustained economic impacts. We will succeed in overcoming the corona crisis by pooling our strengths and with close cooperation and high morale in our Group.”
ID.3: just as inexpensive as a car with an internal combustion engine
With the market introduction of the ID.3 this summer, Volkswagen will make e-mobility affordable for many people. The basic version of the ID.3 will be less expensive in Germany in terms of acquisition and operation than comparable internal combustion models. As regards operating expenses alone, ID.3 drivers in Germany will save about €840 per year. “With the ID.3, the electric car will finally become affordable. This model is entirely fit for everyday use and even costs less than an internal combustion model thanks to the environmental bonus,” says Thomas Ulbrich, Member of the Board of Management of the Volkswagen brand responsible for E-Mobility. Currently, preparations for the delivery of the ID.3 are well underway. “The time schedule will be met,” Ulbrich confirms. ”The ID.3 will be introduced to the market in the summer, as announced.”
Volkswagen AG annual media conference 2020
The Volkswagen AG annual media conference will be broadcasted live on Tuesday, March 17th 2020, from 09:00am – 11:30am CET (08:00am GMT – 10:30am GMT)
Volkswagen pays performance-related bonus of €4,950
For 2019, the employees of Volkswagen AG covered by collective bargaining agreements are to receive a performance-related bonus of €4,950 gross. The CEO of Volkswagen AG, Dr. Herbert Diess, and the Chairman of the General Works Council, Bernd Osterloh, praised the team performance of Volkswagen employees last year.
The new T-Roc Cabriolet – refreshingly different
At some point in March motorists begin to feel the urge to take to the roads in a convertible. Volkswagen has recently added a lifestyle-oriented version to its range – the T-Roc Cabriolet will celebrate its official market launch in German dealerships from March 20th onwards. In the run up to the big day, Volkswagen is providing comprehensive information material, photos and footage at www.volkswagen-newsroom.com.
Students from seven nations: Volkswagen starts the second generation of Faculty 73
On March 2, 2020, 100 students started their “Faculty 73” qualification program at the AutoUni. During a full-time two-year course, they will be trained as junior software developers for the automotive industry. The Volkswagen Group Academy launched its innovative concept with the first generation of students beginning of March 2019 and is doubling the number of students in 2020 up to two generations. The third generation is due to start on September 1, 2020 and internal and external IT talents can apply for a place on the courseup to March 8 2020.
Volkswagen presents Green Finance Framework
With the Green Finance Framework (GFF), the Volkswagen Group today presented further guidelines for sustainable financial instruments. In future, it will therefore be possible for investors to invest in a targeted fashion in sustainability projects of the Volkswagen Group such as e-mobility. A new corporate body, the Green Finance Committee, will select appropriate projects and can adapt the GFF to reflect changing requirements. Furthermore, regular reporting will ensure transparency in the use of funds. The objective is to ensure independent external verification of the use of funds.
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