Press Releases
New arrival at Volkswagen: the Taigo is on its way!
The new Taigo is raring to go! Ahead of the model’s official European première, Volkswagen has revealed the name of its upcoming crossover model. The Taigo is a new addition to Volkswagen’s range of SUVs in the small vehicle segment. It impresses with a dynamic and emotional design. The new model also comes with a multitude of assistance systems and state-of-the-art connectivity.
Share of renewable energies in power supply to plants increases significantly
The Volkswagen Group made significant progress in supplying its plants with electricity from renewable sources in 2020. The share of renewable electricity purchased rose from 80 to 95 percent at EU production sites within a year. At the other global sites outside China, there was a similarly strong increase from 76 percent to 91 percent. By 2023, all EU sites are to be supplied with 100 percent electricity from renewable sources. By 2030, the same target is planned for all global sites outside China.
Volkswagen delivers first ID.4 in Germany
Today, the first customers in Germany collected their fully electric Volkswagen ID.4 vehicles. The cars were handed over simultaneously in the delivery centers at the Transparent Factory in Dresden and the Autostadt in Wolfsburg. Thousands of other customers are due to follow, with the company planning to deliver around 150,000 ID.4 vehicles worldwide this year. By the end of February, 23,500 orders had already been received for this model across Europe – despite the fact that many car dealers were closed and ahead of the actual market launch in Germany.
Volkswagen’s Supervisory Board asserts claims for damages against Prof. Martin Winterkorn and Rupert Stadler
The Supervisory Board of Volkswagen AG has drawn a line under its clarification process and ended its investigation started in October 2015 into the causes of the diesel crisis and who was responsible for this. As a result, the Supervisory Board decided at its meeting today to assert claims for damages against the former Chairman of the Group Board of Management, Prof. Martin Winterkorn, and the former Group Board of Management member and Chairman of the Board of Management of AUDI AG, Rupert Stadler, on account of breaches of the duty of care under stock corporation law. No breaches of duty by other members of the Group Board of Management were identified.
Brose and Volkswagen AG sign joint venture agreement
The Brose Group and Volkswagen AG have signed an agreement to establish a joint venture that will develop and manufacture complete seats, seat structures and components along with solutions for the vehicle interior. Brose will acquire half of Volkswagen subsidiary SITECH. Brose and Volkswagen will each hold a 50 percent share of the planned joint venture. The parties have agreed that Brose will take over the industrial leadership and consolidate the joint venture for accounting purposes. The transaction is still pending antitrust law approvals and other standard closing conditions.
New Chief Strategy Officer at Volkswagen
Andreas Walingen, currently head of Group Product Strategy, will become Chief Strategy Officer of the Volkswagen Passenger Cars brand effective May 1, 2021. In this function, he succeeds Michael Jost, who is leaving the Volkswagen Group to devote time to his own projects. In addition to leading Group Strategy Product, Michael Jost also holds the position of Chief Strategy Officer of the Volkswagen brand.
Change at the helm of Strategy and General Secretariat
Gernot Döllner, previously head of Product and Concept at Porsche AG, will become head of Group Strategy, Group Strategy Product and of the General Secretariat of Volkswagen AG effective May 1. In these functions, he will report directly to Herbert Diess, Chief Executive Officer of the Volkswagen Group. Gernot Döllner replaces Jürgen Rittersberger, who – as reported earlier – will become member of the Board of Management of Audi AG responsible for Finance and Legal Affairs in April. As head of Group Strategy Product, Gernot Döllner will succeed Michael Jost, who is leaving the company at his own request to devote time to his own projects.
Performance of new Golf R sets new standards
The new Golf R, which has been on the market since the start of the year, outperforms all previous Golf R models, boasting 235 kW / 320 PS and a torque of 420 newton metres. To make sure that the power is brought to the road as effectively as possible, Volkswagen’s engineers have developed a new 4MOTION all-wheel drive system with torque vectoring on the rear axle. It forms the basis for the improved vehicle handling of the Golf R, which is setting the standard in its vehicle class.
European CEO Alliance advocates for ambitious climate strategy
100 billion euros of investment to decarbonize their companies by 2030, a gradual introduction of a cross-sector CO2 price and ambitious phase-out dates for coal: These are some of the key points of ten top managers from the energy, transport and technology industries issued in a joint position paper. Thereby, the leading European CEOs are calling for far-reaching climate protection measures at the occasion of the seventh international climate strike on Friday, March 19, 2021.
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