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Press releases

  • 01/09/24

    Around 4.87 million vehicles worldwide: Volkswagen brand increases deliveries in 2023

    The Volkswagen brand significantly increased its deliveries last year, with: around 4.87 million vehicles handed over to customers worldwide. The figures exceeded the previous year’s numbers in all regions. In total, the increase in deliveries was 6.7 per cent. Demand for electric mobility also grew: Volkswagen handed over about 394,000 fully electric vehicles to customers worldwide in 2023, which corresponds to an increase of 21.1 per cent compared to the previous year.
  • 12/19/23

    Volkswagen brand’s biggest performance program on track, with earnings contribution of up to four billion euros expected for 2024

    The Volkswagen brand has achieved an important milestone in the “Accelerate Forward/ Road to 6.5” global performance program, with management and employee representatives reaching agreement on key points to streamline the company, following intensive negotiations. The objective of the three-year program is to secure the Volkswagen Group’s core brand competitiveness, ensure it is future-proof and sustainable in the long term. The Volkswagen brand aims to make a positive earnings contribution totaling ten billion euros by 2026, also to offset negative effects such as inflation and higher raw material costs. The operating return on sales is expected to improve sustainably to 6.5 percent in 2026. The Volkswagen brand projects that the program will deliver positive earnings contributions of up to four billion euros as early as 2024. To achieve this, the Company concentrates on performance-enhancing and cost-saving measures in the program’s three focus areas: optimizing material and product costs, reducing fixed and manufacturing costs and increasing revenues. The Company and the employee representatives have also reached agreement on staff reduction measures to cut personnel and labor costs. These measures will apply throughout Volkswagen AG. As such, from January 2024 the Company will extend its partial retirement schemes to all employees born in 1967 (and for severely handicapped employees born in 1968), to reduce administrative staff costs in particular. The current hiring freeze and access freeze to the Tarif Plus salary group will continue until further notice.
  • Brand Group Core performance
    10/27/23

    Brand Group Core improves operating profit, unit sales and sales revenue – increased product costs and interruptions to production impact profitability

    The Volkswagen Group’s Brand Group Core extended cross-brand cooperation in the first nine months of 2023. Further synergy and scale effects were leveraged through disciplined investments and increased cost efficiency between the Volkswagen, ŠKODA, SEAT/CUPRA and Volkswagen Commercial Vehicles brands. There was a slight increase in the overall effectiveness of the Brand Group – however, performance felt the impact of negative factors such as interruptions in production resulting from the floods in Slovenia.

Stories

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05/04/17

Premiere at the Markenhochhaus

The Volkswagen Brand is holding an annual press conference of its very own for the very first time. More than 100 journalists from all over the world are expected to be in attendance in Wolfsburg this Friday.