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: 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.
Today, for the third consecutive year, Volkswagen Group Components awarded the Speed+ Award to its best performing plants. Thomas Schmall, CEO of Volkswagen Group Components, presented the coveted awards from the international and cross-brand competition for efficiency for the first time in an online event. The nominated plants from sites around the world tuned into the live event; thousands of employees followed the announcement of the winners by webcast. The component plants of the Audi, SEAT and ŠKODA brands also took part in the competition for the first time. The Tianjin components plant in China was the big winner this year, scooping three gold awards.
During the digital meeting of the Working Group for Cultural Sponsoring (AKF – Arbeitskreis Kultursponsoring) within the Association of Arts and Culture of the German Economy at the Federation of German Industries (Kulturkreis der deutschen Wirtschaft im BDI e.V.) taking place this evening, Volkswagen will receive the AKF-Award for the format 'Volkswagen ART4ALL', honoring its successful and invaluable role in cultural engagement. Since April 2018, Volkswagen and Hamburger Bahnhof – Museum für Gegenwart – Berlin have not only been offering free admission between 4 and 8 pm every first Thursday of a month, but also enhanced by various artistic programs, workshops and guided tours, inviting everybody to participate in the cultural world. Starting in January 2020, Kunstmuseum Wolfsburg has joined the format and offers its visitors free admission between 4 and 9 pm every last Wednesday of a month.
Tomorrow, Volkswagen do Brasil will be presenting its most recent model: the Nivus. The new Crossover Utility Vehicle (CUV) in the small car segment convinces with dynamic design, an ample vehicle interior and an elevated seating position. The virtual world premiere will take place at 4 pm (CEST). The presentation is broadcasted at https://press.live-vwnivus.com/. The event from Sao Paulo will be held in English, Spanish and Portuguese.
JETTA, Volkswagen’s sub brand in China, continues to be a well-received option for buyers in China seeking to own a car for the first time. In April, JETTA delivered 13,500 cars to customers. This equals roughly one percent of the world’s largest automotive market, a development made possible by one of the best brand starts in Chinese history. From January to April, around 38,000 of the brand’s cars were sold.
Today Volkswagen is publishing the third and final series of reports from an Environmental Management System special audit, conducted in 2019, which is required by the U.S. Department of Justice and California Third Partial Consent Decrees (“Consent Decrees”) entered into by Volkswagen in 2017.
All Volkswagen retail partners have signed the agreement for the new sales model for vehicles from the all-electric ID. family. The sales launch of the ID.3 marks the start of the agency model for private customers and small commercial enterprises that has already proven its worth for major customers over many years. The benefit for customers: They can switch seamlessly between online and offline channels and order direct from Volkswagen, while their preferred dealer remains their local contact. The dealer assumes the role of agent under the new model and receives a commission from Volkswagen for this service.
Agile drive, the running gear of dreams, unmistakeable design, perfect ergonomics, unadulterated driving pleasure – that’s the DNA of a true sports car. At Volkswagen, this is represented by three letters: GTI. The eighth generation of the sporty Golf derivate is now on the way. The new Golf GTI is more digital, networked, more sharply designed and more active in motion than ever before. Its turbocharged engine generates 180 kW (245 PS). The new Vehicle Dynamics Manager intelligently manages the electromechanical running gear systems. Maximum dynamism, maximum comfort – Golf GTI combines both.
The new Volkswagen Nivus (Latin America)
ID.3 Color & Trim | Design Round Table
Highlights from three decades of GTI meeting
Story "Golf GTI – eight generations, each with that distinctive front"
Volkswagen remembers end of war 75 years ago
Online Roundtable digital work