Press Releases
Volkswagen expands Executive Committee of the Supervisory Board to eight members
The Supervisory Board of Volkswagen Aktiengesellschaft has added two further members to its Executive Committee, taking membership to eight. This was announced by the Company’s Supervisory Board on Friday, 5th June 2020. The reason for the expansion is increasing duties and responsibilities. Recent legislation such as the Act Implementing the Second Shareholder Rights Directive (ARUG II) and the amended German Corporate Governance Code (DCGK) has significantly increased the committee’s workload. In future, Dr. Hans Michel Piëch as a representative of the shareholders and Bertina Murkovic as a representative of the employees will serve on the Executive Committee.
Volkswagen starts development of climate projects for CO2 compensation
The Volkswagen Group and the project developer Permian Global have signed a Joint Development Agreement to create climate protection projects. With the support of Permian Global, the Volkswagen Group will begin developing climate protection projects to protect tropical forests in the second half of 2020. Following successful verification, the avoided deforestation and restoration of endangered forests will lock away carbon and deliver carbon credits that will be used to compensate for CO2 emissions from the supply chain, production and logistics of vehicle, as long as these CO2 emissions cannot be avoided and renewable energies cannot be used currently.
A British jump start – Volkswagen remembers the beginning of British trusteeship 75 years ago
75 years ago, from June 5, 1945, the British military entered its zone of occupation, replacing the US troops. In Wolfsburg, the British Military Government assumed trusteeship over Volkswagenwerk GmbH, beginning a unique post-war story. The key figure in this story is 28-year-old Major Ivan Hirst. With a talent for improvisation, organizational capabilities and tremendous farsightedness, he reshaped the armaments plant, which had been largely destroyed and was intended for demolition, into a civilian car factory. This way, the British prepared the ground for the later global success of the Beetle and laid the foundation for today’s Volkswagen Group. Volkswagen honors the British era with the documentary film “My brief was very simple“, in which Ivan Hirst tells his Volkswagen story.
Class #5 of Volkswagen's incubator programme: Five start-ups make a virtual start to the next round
Volkswagen's start-up program entered its fifth round today in Dresden. Five startups will work together with the Transparent Factory and the Volkswagen Group for six months. The launch of a new class of the “Future Mobility Incubator” took place virtually for the first time. The dates for the presentation in the Transparent Factory are currently being planned. The founders now have until the end of November to push their concepts forward with the support of specialist departments in Wolfsburg, Berlin and Dresden.
Initial facts about the new Arteon: preview to the virtual world première on June 24th
The Arteon is Volkswagen’s Gran Turismo – avant-garde, full of energy and efficient. Volkswagen is now giving a first preview towards the new Arteon. Alongside the classic Gran Turismo, a second product line variant will also be available in future as a Shooting Brake. This model is both dynamic and elegant, and impresses with the flexible concept of an estate. Klaus Bischoff, Head of Volkswagen Group Design and Volkswagen brand’s Design department: “With the Arteon Shooting Brake we have created a new balance between speed, power and space.”
YouTube series “Becoming ID.” wins award
The YouTube series “Becoming ID.” received the Gold award at the international Telly Awards in the “Branded Content - Campaign Branding” category. In addition to the cinematic implementation, the fact that the series offered an unusually intensive look behind the scenes of the history of the creation of the ID.3 and thus a completely new generation of vehicles was also recognized.
Group-wide personnel changes in Technical Development and Product Line organization
Matthias Rabe has been named Member of the Board for Engineering at Bentley effective August 1. He succeeds Werner Tietz, who moves to SEAT as Executive Vice-President for Research and Development as of July 1. Werner Tietz succeeds Axel Andorff, who assumes responsibility for the Midsize and MEB Product Line at ŠKODA, also with effect from July 1. He takes over from Matthias Glodny, who becomes Head of the Modular Toolkits, Drivetrains and Modules Product Line at Volkswagen Passenger Cars brand.
Volkswagen intensifies e-mobility activities in China
Today, Volkswagen has initiated the next chapter for its business in China. Volkswagen plans to increase its share in JAC Volkswagen, its joint venture for e-mobility. Around €1 billion is to be invested. This amount includes the acquisition of 50 percent of JAG, the parent company of the Volkswagen partner JAC, and an increase in the stake in JAC Volkswagen from 50 to 75 percent. By gaining management control, Volkswagen is paving the way for more electric models and infrastructure. Furthermore, Volkswagen will acquire a 26 percent stake in battery manufacturer Gotion High-Tech Co., Ltd. for around €1 billion, becoming the company’s largest shareholder.
Landmark in Volkswagen-Ford global alliance
Landmark in Volkswagen-Ford global alliance: The Volkswagen AG Supervisory Board ap-proved further contracts under the cooperation with Ford Motor Company announced last year. The next milestones in the vehicle projects are anticipated to be implemented in near the future with the signatures of both companies. Three projects in the areas of elec-trification and commercial vehicles are planned to be realized as a first step. The Volkswagen-Ford global alliance – which does not involve cross-ownership between the companies – is expected to create annual efficiencies for each company.
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