Press Releases
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.
TRATON increases offer for common shares of Navistar to USD 43.00
Today TRATON SE (“TRATON”), one of the world’s largest commercial vehicle manufacturers, increased its offer for all outstanding shares of common stock of Navistar International Corporation (“Navistar”) (NYSE: NAV) not already owned by TRATON to USD 43.00 per share in cash. The increased offer represents a 23% increase from the USD 35.00 per Navistar share that TRATON offered at the end of January. TRATON currently holds 16.8% of Navistar’s outstanding common shares.
E-mobility forerunner Volkswagen ensures greater transparency in procurement of battery raw materials
As a forerunner of e-mobility, the Volkswagen Group is ensuring greater transparency and responsibility in its raw material supply chains for batteries. To that end, the company has entered a strategic partnership with RCS Global, an agency specializing in supply chain analysis. The focus is on auditing suppliers for conformance with human rights, safe working conditions and environmental protection along the supply chain all the way back to the mines.
Volkswagen extends cooperation with independent Sustainability Council
The Volkswagen Group is extending cooperation with its independent Sustainability Council for a further two years. Volkswagen is thus continuing to vigorously pursue its sustainability targets with the focus on becoming carbon neutral by 2050. Furthermore, Rebecca Harms, former Member of the European Parliament, and Magdalena Gerger, CEO and President of the Swedish enterprise Systembolaget AB, have become new members of the Council. Herbert Diess, CEO of the Volkswagen Group, commented: “Sustainability is a key factor for the success of our company. Volkswagen will only confidently stride into the future if we undergo a transformation. The independent Sustainability Council acquires even greater significance for our Group as we make this transition. We want to intensify our dialog – a debate that also embraces criticism. With its independent expertise, the Sustainability Council is a driver and a corrective for our strategy.“
More space, more Golf: world premiere of the new Golf Variant and Golf Alltrack
World premiere for the new Golf Variant: the compact estate is now even more spacious, dynamic and digital than ever before. The greater amounts of available space, comprehensive standard features and new drive types with mild hybrid and twin dosing technology represent pioneering characteristics. The new Golf Alltrack as the all-wheel drive Golf Variant with SUV genes is also making its debut. In Germany pre-sales for the Golf Variant will start tomorrow, 10 September, while further European countries will gradually follow.
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