The Volkswagen, Škoda, SEAT/Cupra and Volkswagen Commercial Vehicles brands worked closely together as a brand group – and above all as a team – in the past financial year.
Jointly optimized processes strengthened the resilience of the Brand Group Core. Despite a challenging market environment and necessary restructuring - especially at the Volkswagen brand - the brand group achieved a solid operating result of around 7 billion euros.
Successful model ramp-ups and moderate growth in vehicle sales and revenue underline the increased resilience of the Brand Group Core.
In an intensively competitive environment, there was a slight 1.6% increase in the Brand Group Core’s sales revenue due to a positive mix and higher vehicle sales by the Volkswagen brand.
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Brand Group Core reports solid results for 2024 in a challenging environment
The Volkswagen, Škoda, SEAT/Cupra and Volkswagen Commercial Vehicles brands worked closely together in the last financial year. Jointly optimized processes strengthened the resilience of the Brand Group Core. Despite necessary restructuring – at the Volkswagen brand in particular – the brand group reported a solid operating result of some 7 billion euros in a challenging market environment. The successful implementation of model ramp-ups together with moderate increases in vehicle sales and sales revenue underscore the increased resilience of the brand group in the face of external challenges.
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Curriculum vitae CEO Thomas Schäfer
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