All Press Releases

The stage is set for the ID.7! At the CES (Consumer Electronics Show) in Las Vegas between 5 and 8 January 2023, Volkswagen Group of America will showcase its first fully electric sedan based on the modular electric drive matrix (MEB). It will be clad in smart camouflage, which uses unique technology and multi-layered paintwork to create light effects on parts of the vehicle. This is an interactive feature and symbolizes the next step in the digitalization of the future flagship model of the ID. family. The ID. AERO concept vehicle initially presented in China already provided a preview of the new model, which embodies an aerodynamic design concept and is able to achieve ranges of up to 700 kilometers (WLTP). After a six-year break, Volkswagen Group of America is returning to the CES – the world’s largest trade show for electronics – with a very special product.

In time for spring, Volkswagen is launching the T-Roc Cabriolet as a limited “Edition Grey” small series. The car for open-top driving features a special matt paint finish in the colour Indium Grey as well as interior and exterior accents in black. The special-edition model also includes numerous driver assist systems and a range of high-quality equipment, with a price advantage of up to 1,400 euros. The first cars in the limited edition of 999 vehicles will be delivered from February 2023.

The European test organisation Euro NCAP has announced its latest vehicle safety test results. With the ID. Buzz, a new Volkswagen model has also been awarded a “very good” rating and received the best possible score of five stars.

Volkswagen is making the Wolfsburg site fit for the future: the brand will be making an initial investment of some €460 million in the main factory at the Group headquarters by the beginning of 2025. This was announced on Wednesday by CEO Thomas Schäfer during a works meeting in Wolfsburg. The investment is primarily earmarked for preparations to produce the new ID.3. The compact electric car will be leaving the assembly line in Wolfsburg from 2023 – initially in partial production, with full production slated from 2024. Ramp-up is due for completion by the end of 2025. The necessary training measures for the workforce are currently being prepared. Post-ID.3 ramp-up, a further all-electric model for the booming SUV segment is to boost Wolfsburg’s capacity utilization for EV production over the long term. The technical basis for the new model is the Modular Electric Drive System (MEB). Volkswagen’s e-car platform is to undergo substantial further development as the MEB+, thus becoming even more efficient.

The vehicle can perform assisted lane changes on the motorway if the turn signal lever is tapped briefly. It can use swarm data or also learn recurring parking manoeuvres: the Volkswagen ID. Buzz is being introduced with new intelligent assistance systems that can make driving even more convenient and also increase safety. This is in line with Volkswagen’s commitment to make the latest technologies accessible to a wide customer base early on.

The Volkswagen Passenger Cars brand further strengthened its economic efficiency in a persistently difficult environment. At almost EUR 2.5 billion, the operating result before special items for the first nine months of the current year was double the figure for the same prior-year period (EUR 1.2 billion), sales revenue rose to EUR 52 billion (prior-year period: EUR 49 billion). The net operating cash flow reached EUR 1.0 billion (prior-year period: EUR: -0.3 billion). Even though numerous customer orders could not be delivered as planned due to the persistent shortage of parts, the result was bolstered by a positive model mix and a recovery in delivery volumes in the third quarter: At 1.26 million, the number of vehicles delivered worldwide from July to September 2022 was 15.3 percent higher than the same prior-year period.

Volkswagen has made new appointments to key positions on the Brand Board of Management, laying crucial foundations for the company’s transformation toward the age of digital and autonomous mobility. Thomas Ulbrich becomes board member in charge of the newly created New Mobility division, which unites the e-series and software expertise of Volkswagen Passenger Cars. Kai Grünitz, previously Head of Development at Volkswagen Commercial Vehicles, succeeds Ulbrich as the board member responsible for Technical Development (TD). Other personnel changes relate to Finance. Patrik Andreas Mayer, currently Chief Financial Officer at Volkswagen Group Russia, becomes the Chief Financial Officer at the Volkswagen Passenger Cars brand. He succeeds Alexander Seitz, who has been appointed Executive Chairman of Volkswagen Group South American Region. He is thus the successor to Pablo Di Si, who has been President and CEO of Volkswagen Group of America and CEO of Volkswagen North American Region since September 1, 2022. Ulbrich, Grünitz, Mayer and Seitz will take up their new posts effective October 1, 2022.

Volkswagen presents today the ID.5 GTX „Xcite“ to the public for the first time today at the ID. Meet in Locarno (Switzerland). This vehicle is an individual product made by apprentices at Volkswagen’s three locations in Saxony, at Zwickau, Dresden and Chemnitz. For one year, 14 of the best budding specialists worked on a project to demonstrate their skills with considerable creativity and responsibility under expert supervision – from the first design through the adaptation of the bodywork and paintwork to technical commissioning. In addition to sustainability, reflected by vegan leather in the interior, the main focus of this year’s project was on holistic mobility. The ID.5 GTX „Xcite“ already has on board an electric skateboard for the last few meters to the driver’s destination. This is the eighth project of its type completed since 2014.

The stopwatch says it all: the new Golf R “20 Years” is the fastest R model of all time on the German racetrack Nürburgring-Nordschleife. The anniversary vehicle with its increased power has bettered the previous lap record of a Golf R on the 20,832 km long racetrack once more by four seconds. The Golf R “20 Years” clocked an official lap time of 7:47.31 minutes. Thanks to its exclusive standard equipment, optimised driving dynamics and a standard output of 245 kW (333 PS), the Golf R “20 Years” offers significantly improved performance and guarantees an emotionally charged motorsport experience between the “Schwedenkreuz” and “Döttinger Höhe” track sections.

The Volkswagen brand further strengthened the Group’s economic efficiency in the first half of 2022. Effective sale management, improved cost efficiency and consistent implementation of the ACCELERATE strategy have led to a strong financial result. Operating result before special items rose to EUR 1.9 billion (first half of 2021: EUR 1.2 billion). The operating return on sales before special items rose to 5.6 percent (first half of 2021: 3.4 percent). The half-year result benefited in particular from a strong second quarter. This is also the main reason that the net operating cash flow reached 569 million euros in the first six months. As a result of optimized model and price policy, the company generated sales revenue of just under 33 billion euros (first half of 2021: 36 billion euros) – despite a significant year-on-year decline in vehicle deliveries.