Despite the ongoing unprecedented Covid 19 situation, the Volkswagen AG has proved to be quite robust in the second half of 2020. The deliveries to customers of the Volkswagen Group continued to recover strongly in the fourth quarter and even exceeded the deliveries of the third quarter 2020, leading to strong Group turnover. Also the reported Automotive net cash position showed a very positive development.
Based on preliminary figures, Volkswagen Passenger Cars has exceeded the ambitious European CO2 fleet targets for 2020 and produced around six million grams fewer CO2 than required by law. The passenger car fleet of new vehicles in the European Union achieved average CO2 emissions of 92g/km – the legal CO2 target for the brand was 97g/km. As a result, CO2 emissions fell by 22 percent compared to the previous year.
The Volkswagen Group’s e-offensive is gaining traction: deliveries of electric models in the EU including the UK, Norway and Iceland increased more than fourfold in the year now ended to a total of 315,400 electric vehicles (2019: 72,600). The proportion of battery electric vehicles (BEVs) and plug-in-hybrids (PHEVs) in the total deliveries rose to 9.7 percent (2019: 1.7 percent). The Volkswagen Group is thus the clear market leader in the all-electric segment in Western Europe, accounting for a share of around 25 percent (2019: 14 percent). The main drivers of this development were the Volkswagen Passenger Cars and Audi brands, which overfulfilled their CO2 fleet targets largely due to the successful start-up of their ID.3 and e-tron electric models. Based on preliminary figures, the Volkswagen Group thus reduced the average CO2 emissions of its new passenger car fleet in the EU by around 20 percent compared with 2019 to 99.8 g/km in 2020. The emissions of Bentley and Lamborghini are measured individually, which is why they are not included in this figure. In anticipation of narrowly missing the target for the CO2 pool established jointly with other manufacturers by around 0.5 g/km, the Group had recognized provisions at an early stage to avoid any impact on fourth-quarter earnings.
The Volkswagen Group has strengthened and simultaneously reorganized its quality assurance. To this end, Frank Welsch will become the new Head of Group Quality Management and Strategy as of February 1. In this function, he will report directly to the Chief Executive Officer of the Volkswagen Group, Herbert Diess. Thomas Ulbrich will succeed Welsch as Chief Development Officer of Volkswagen Passenger Cars.
Thomas Ulbrich, member of the Board of Management for Mobility at Volkswagen Passenger Cars, is to become member of the Board of Management for Development as of February 1. He will succeed Frank Welsch in this role, who is taking over as Head of the realigned Group Quality Assurance. Following the successful market entry of the first MEB-based vehicles, the tasks of the board-level management function for electric mobility managed by Thomas Ulbrich will be transferred back to the areas of responsibility of the respective divisions.
The Volkswagen Group handed over 9,305,400 vehicles to customers worldwide in 2020, a decrease of 15.2 percent year-on-year due to Covid-19. In December, deliveries were down just 3.2 percent on the same month of the previous year, while in the fourth quarter they declined by a total of 5.7 percent. This meant that the Group slightly expanded its global passenger car market share in 2020 amid a declining overall market. Despite the Covid-19 pandemic, the Group’s e-offensive with a large number of new models met with keen in-terest from customers in the year now ended and resulted in deliveries of approximately 231,600 all-electric vehicles, more than three times the volumes delivered in 2019. Plug-in hybrids were also very popular with customers, who purchased 190,500 units (+175 per-cent). In Western Europe, the share of electric vehicles therefore surged to 10.5 percent of overall deliveries (2019: 1.9 percent).
Volkswagen Passenger Cars has hit the ground running in the transition to electric mobility. “2020 was a turning point for Volkswagen and marked a breakthrough in electric mobility,” said Ralf Brandstätter, CEO of Volkswagen Passenger Cars. Last year, the brand delivered more electric vehicles worldwide than ever before, handing over more than 212,000 electric cars in total (+158 percent versus 2019), including nearly 134,000 battery electric vehicles (+197 percent versus 2019). “We are well on track to achieve our aim of becoming the market leader in battery electric vehicles,” Brandstätter continued. “More than any other company, we stand for attractive and affordable e-mobility.”
It’s full speed ahead for the icon of the Volkswagen Passenger Cars brand, the Golf, since all eight derivatives were made available in the fall of 2020. Last year it was once again the top-selling car in Europe with around 312,000 deliveries The Wolfsburg figurehead was once again the top-selling car in Germany last year, too, with around 133,900 deliveries to customers. “In 2020 the Golf is still exactly where it belongs,” says Ralf Brandstätter, CEO of Volkswagen Passenger Cars.
Volkswagen AG donates €10 million for European environmental projects under agreement with European Investment Bank
Volkswagen AG is donating €10 million for European sustainability projects under an agreement entered into with the European Investment Bank (EIB). A decisive criterion in the selection of the projects was their proven experience in major environmental protection measures. The future of sustainable mobility was a further key factor.
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