Skip to content
03/13/19
Wolfsburg
Company

Volkswagen brand steps up pace of transformation

Jürgen Stackmann, Volkswagen Brand Board Member, responsible for Sales, Marketing and After Sales, Ralf Brandstätter, Volkswagen Brand Board Member, Chief Operating Officer (COO) of the Volkswagen brand, Dr. Arno Antlitz, Volkswagen Brand Board Member, responsible for Controlling and Accounting
  • 2019 is key year: electric offensive set for launch, significant efficiency increases planned
  • Earnings improvement program to make sustained €5.9 billion contribution from 2023
  • Investment from 2019 to 2023 rises to €19 billion
  • €4.6 billion investment to implement digitalization roadmap for administration
  • Outlook 2019: growth in sales revenue of up to 5 percent – corridor of 4 to 5 percent for operating return on sales
  • COO Brandstätter: “We will significantly step up the pace of our transformation so as to make our company fit for the electric and digital era.“

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.

Your media contacts

Dr. Marc Langendorf
Head of Corporate Communications
Tel. +49 (0) 5361 / 9-34474
Leslie Bothge
Spokesperson Production / Procurement
Tel. +49 (0) 5361 / 9-21549
Thomas Küter
Investor Relations Manager
Tel. +49 5361 9-126735