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12/06/18
Wolfsburg
Company

Volkswagen brand to speed up operating return

Volkswagen brand to speed up operating return
  • Operating return of at least 6 percent as early as 2022
  • Numerous additional measures to improve efficiency planned
  • Future investments of over €11 billion through 2023, of which over €9 billion to be spent on e-mobility
  • COO Ralf Brandstätter: “We must force the pace of our transformation”

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.

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