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Pact for the future

Volkswagen concludes pact for greater economic viability and a more secure future

Press releases

  • 06/05/19
    Company

    Volkswagen agrees digital transformation roadmap for administration and production

    Volkswagen continues to forge ahead with the company’s modernization and digitalization: Volkswagen will be investing up to €4 billion in digitalization projects through 2023 – mainly in administration but also in production. At least 2,000 new jobs related to digitalization are to be created. This has been agreed by the Board of Management and the General Works Council in their “digital transformation roadmap”. Agile working methods, improved processes and digitalization are to reduce the burden on employees and speed up processes. Tasks that used to be performed manually are to be simplified through improved IT. Consequently, up to 4,000 jobs in non-production units at Volkswagen AG Passenger Cars, Volkswagen Group Components and Volkswagen Sachsen GmbH will not be restaffed over the coming four years. A precondition for this is that tasks are eliminated as a result of digitalization, process optimization and organizational streamlining. In addition, further investments in Industry 4.0 and an associated increase in productivity of five percent per year in production units through 2023 were also agreed. Furthermore, the budget for training is to be increased by a further €60 million to a total of €160 million to take account of the human resources transformation under Volkswagen’s digitalization offensive. A uniform employment guarantee for Volkswagen AG and Volkswagen Sachsen GmbH through 2029 has also been agreed.
  • 03/20/19
    Company

    Diess: “Safeguarding our future can only succeed together”

    The Chairman of Volkswagen called for better cooperation on future topics at Volkswagen during a works meeting held at the main plant in Wolfsburg. He gave a round-up of 2018 and looked ahead to 2019. Diess expressly thanked employees for their strong performance last year. At the same time, he emphasized that Volkswagen could only safeguard its future through joint efforts. He expressed his optimism that this endeavor would be successful. Diess said that Works Council Chairman Bernd Osterloh fought hard for the workforce, while at the same time taking an entrepreneurial approach.
  • 03/13/19
    Company

    Volkswagen brand steps up pace of transformation

    Volkswagen will be boosting the pace of its transformation following a solid fiscal year 2018. The brand is taking important steps this year to strengthen competitiveness on a sustained basis. This includes the start of the electric offensive, efficiency measures in production and further progress in productivity and margins. At the same time, the brand is rolling out an earnings improvement program aimed at achieving a sustained contribution of €5.9 billion from 2023. Measures include reducing complexity and optimizing material costs. The program will gradually start delivering results in the period from 2019 to 2022. Furthermore, efficiencies in administration are to be leveraged by a stronger focus on process digitalization. Furthermore, efficiencies in administration are to be leveraged by a stronger focus on process digitalization.
  • 12/06/18
    Company

    Volkswagen brand to speed up operating return

    The Volkswagen brand is to significantly improve its earnings performance in the coming years in order to finance investments in future technologies from its own resources. To this end, the model portfolio is being streamlined and the number of variants reduced. At the same time, productivity at the plants is to be increased and the platform orientation for vehicle production extended. Optimizing material costs is to contribute significantly to achieving the target return – without detracting from product substance. Administration processes will become even leaner. “We must force the pace of our transformation and become more efficient and agile. We cannot let up in our efforts and must realize further substantial improvements. What we have achieved so far is still not enough,” said Ralf Brandstätter, the brand’s Chief Operating Officer responsible for day-to-day business.
  • 08/23/18
    Company

    Volkswagen’s digital transformation gathers speed

    Volkswagen in transition: the company is speeding up the development of its ecosystem with its own software know-how and the strength of external partners. The automobile will evolve into a central hub in the Internet of Things.
  • 08/17/18
    Company

    Volkswagen plans to produce some 1 million vehicles in Wolfsburg

    Looking to the future, production volumes at the main plant in Wolfsburg are to rise to around one million. Higher productivity will enable higher capacity utilization. The groundwork is being laid in Wolfsburg in order to bundle Golf production at one location as set out in the Pact for the Future. Coinciding with the launch of the Golf 8, Golf production in Zwickau and Puebla is to be relocated to the main plant. The new SEAT Tarraco will also begin rolling off the assembly line in Wolfsburg soon. Dr. Andreas Tostmann, Member of the Board of Management of the Volkswagen Brand responsible for Production and Logistics, commented: “We are planning to increase productivity by 25 percent at all German factories by 2020 as agreed. Further efforts are needed at Volkswagen in future to remain competitive, particularly post-2020.”
  • 03/14/18
    Company

    Successful financial year 2017: Volkswagen brand implements product and innovation offensive consistently

    The Volkswagen brand can look back on a successful financial year in 2017. The brand sold 6.23 million vehicles and improved sales revenue to €80 billion. For the first time in five years, the operating result before special items increased, reaching the highest level since 2012, at €3.3 billion. The return on sales (before special items) improved from 1.8 percent in 2016 to 4.1 percent. The Volkswagen brand has therefore outperformed its targets for 2017.
  • 11/30/17
    Company

    Volkswagen's strategic realignment is delivering

    The Volkswagen brand is moving ahead with the transformation initiated under its TRANSFORM 2025+ strategy a year ago. Implementation is running at full speed and the core brand of the Volkswagen Group has made progress in all the key action areas over the past 12 months.

Stories

06/05/19
Company

Four billion euro for digitalization

Volkswagen presents the “digital transformation roadmap”: 2,000 digital jobs are to be created, agile working methods improved, and IT processes should relieve employees even more in the future.
12/06/18
Company

Operating return is to rise quicker

Volkswagen will further accelerate the pace of its transformation, Chief Operating Officer (COO) Ralf Brandstätter announces. The operating return on sales should reach at least 6 percent by 2022.
08/22/18
Company

“Efficient production is the key to our future success”

The Volkswagen brand is setting itself ambitious goals, with plans to increase productivity by 25 percent at all German factories by 2020. An interview with Dr. Andreas Tostmann, member of the Board of Management responsible for Production and Logistics.
03/10/18
Company

Right on Schedule for E-Mobility

Volkswagen is making excellent progress. In 2017, the brand sold more cars than ever before – a clear indication of rebounding consumer faith. That is why brand chief Herbert Diess will be able to announce a powerful acceleration of business when he presents last year's results in Wolfsburg on the 14th of March, 2018. The new year started well, too, with positive sales figures and an impressive trade show appearance in Geneva, surrounding the new flagship of electro-mobility, the ID. VIZZION.