Press Releases
The new Volkswagen ID.4 – World premiere of the fully electrically driven SUV
Presenting the ID.4, which is celebrating its digital world premiere. This is Volkswagen’s first fully electrically driven SUV generating zero local emissions and is produced with a carbon-neutral balance. It will be launching into the world’s largest market segment, the compact SUV class.
Future strategy of TRATON SE outlined at Annual General Meeting
CEO Matthias Gründler outlined TRATON SE’s future corporate strategy during the company’s Annual General Meeting in Munich. Gründler spelled out four priorities during the virtual meeting of shareholders. TRATON’s brands are to gain more individual responsibility as the company moves forward with its efforts to achieve a return on sales of 9 % throughout the cycle of the commercial vehicle industry.
Science Based Targets Initiative confirms Volkswagen Group’s climate protection targets
The Volkswagen Group has received confirmation from the independent Science Based Targets Initiative (SBTi) that the Group’s climate targets fulfil the conditions for limiting global warming to “well below 2 degrees Celsius”. SBTi supporting organisations include the Carbon Disclosure Project (CDP), UN Global Compact, the World Resources Institute and the World Wide Fund for Nature (WWF). The SBTi evaluates only genuine CO2 reductions over a period of at least ten years - without taking into consideration any CO2-compensating climate projects. Volkswagen is planning to reduce CO2 emissions during production and use of its vehicles by 30 per cent of 2018 levels by 2030. Oliver Blume, Porsche CEO and in his role as Volkswagen AG Group Management Board Member for Production and the Environment stressed: “We are determined as a Group to be climate neutral by 2050. To that end we have now set ourselves an ambitious interim target. The key levers are our e-mobility offensive and switching our plants over to green electricity.”
“Light is the new chrome”: Light design of the new Volkswagen ID.4
The ID.4 boasts a powerful and sporty, but simultaneously also likeable char-acter. The exterior lighting plays a major part in this: it forms an integral part of the electric SUV’s design concept and stages the vehicle in a new way.
Start of presales of the new Golf Variant
Volkswagen is launching presales of the new Golf Variant just a few days after its world premiere. The compact estate is now more digital, more dynamic and more versatile than ever before: with more space in the interior, it offers plenty of room for all the family or even large pieces of sports and recreational equipment. The extensive standard equipment and numerous assist systems ensure you have all the comfort you need. For the first time, the wide range of drive options also includes engines with mild hybrid and twin-dosing technology. Three engine variants will be available in the presales phase; prices start from 28,566.21 euros (for the Golf Variant 2.0 TDI with 85 kW/115 PS).
Volkswagen successfully places first green bonds with a volume of € 2 billion
Today, the Volkswagen Group successfully placed its first green bonds with a volume of € 2 billion in the market. The benchmark bonds, which are denominated in euros, have terms of 8 and 12 years and coupons of 0.875% and 1.250% respectively. Investors showed considerable interest, including both international and specialized green bond investors. This is the first issuance based on the Green Finance Framework (GFF) for sustainability-oriented financial instruments presented in March. The proceeds of the bonds will be used in a targeted way to fund the modular electric drive matrix (MEB and the new BEV models ID.3 and ID.4. Annual reporting on the use of the proceeds and the environmental effects achieved will create transparency for investors.
New Board Member for Sales, Marketing and After Sales at Volkswagen Passenger Cars brand
Wolfsburg – Klaus Zellmer, previously President & CEO of Porsche Cars North America Inc., becomes Board Member for Sales, Marketing and After Sales at the Volkswagen Passenger Cars brand effective September 15, 2020. He succeeds Jürgen Stackmann who will leave the Volkswagen Group.
Volkswagen AG successfully completes Independent Compliance Monitorship under Agreements with U.S. Authorities
Volkswagen AG today announced that the Independent Compliance Monitor, Larry D. Thompson, certified that Volkswagen has met its commitment under its Plea Agreement with the U.S. Department of Justice (DOJ) to design and implement a compliance program that will prevent and detect violations of anti-fraud and environmental laws. Certification covers Volkswagen AG and its subsidiaries and affiliates other than Porsche AG and Porsche Cars North America, which were not part of the Monitorship.
Volkswagen and Siemens donate 5 million euros for immediate aid to refugees in Moria
Siemens AG and the Volkswagen Group are jointly donating €5 million for immediate humanitarian aid to displaced people in Moria and Greece. The situation for people has worsened dramatically since fire ravaged the refugee camp in Moria on Lesbos. They have been given makeshift shelter on ships belonging to the Greek Navy and in provisional tents. The funds will be given to the German Red Cross (DRK) to support the comprehensive aid initiatives of the International Red Cross and Red Crescent Movement for displaced people in Greece.
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