Results
for your query: 12 matches

Volkswagen AG – with its brands Volkswagen Passenger Cars, Volkswagen Commercial Vehicles and Group Components – and employee representatives have concluded a joint agreement entitled 'Zukunft Volkswagen’ after intensive negotiationsAgreed target: the core brand, Volkswagen Passenger Cars is to become the technology leader of the world's volume manufacturers by 2030Volkswagen Passenger Cars brand to achieve medium-term return-on-sales targetVolkswagen's production capacities in its German plants to be aligned competitively and reduced on a lasting basis by 734,000 unitsAgreement on socially responsible reduction of the workforce by more than 35,000 across Volkswagen's German locations by 2030. This includes a newly formulated job security plan through to 2030.The agreement will achieve sustainable cost savings for Volkswagen AG of more than €15 billion per year in the medium term. Of this, over €4 billion per year will come from the present negotiations on labour costs, structural and production measures and plant utilisation.Labour costs alone will be reduced by €1.5 billion per year. Following intensive negotiations between Volkswagen AG, IG Metall and the Works Council, a joint agreement entitled ‘Zukunft Volkswagen’ [Future Volkswagen ] has been concluded. The company and the Works Council are thereby jointly positioning Volkswagen AG for sustainable success. To this end, the company is realigning production capacities at Volkswagen AG's German locations. It is creating the conditions for a reduction in labour costs of €1.5 billion per year at the collectively agreed level with an agreement on the company wage settlement until 2030. The short-term effects in labour costs and the agreed structural measures through capacity reduction and a decrease in development costs will lead to cost effects of over €4 billion per year in the medium term. In addition, a reduction in capacity of 734,000 units across the German plants is planned.

Brand Group Core operating profit grew 80% in 2023 to 7.3 billion eurosOperating return rose to 5.3% in 2023 on the back of a rigorous focus on cost discipline and profitabilityYear-on-year improvement in return at all five volume brands SEAT/CUPRA, Škoda, Volkswagen Commercial Vehicles and VolkswagenBrand Group Core sales revenue increased by 21% to 138 billion euros Systematic reduction of inventories significantly improved net cash flow to 5.6 billion euros in 2023 The Brand Group Core plans to increase its result in 2024, bolstered by the related effects from the volume brands’ ongoing performance programs Thomas Schäfer, Member of the Board of Management of Volkswagen AG, Head of the Brand Group Core & CEO of the Volkswagen Passenger Cars Brand: “The Brand Group Core has a clear strategy – and we are delivering: through close cooperation between our brands, we are working more efficiently, becoming more competitive and boosting our innovativeness for our customers worldwide. It is very important that we continue to improve our economic performance in a difficult environment. That gives us the financial leeway to make targeted investments in vehicles and technologies that enable us to meet customers’ high expectations of our brands.” The Brand Group Core delivered robust financial results in 2023. Higher volume and price effects, improved availability of parts and lower fixed costs had a positive effect, while higher product costs and the deconsolidation of Volkswagen Group Rus had a negative impact on the result. The global market and competitive environment remains challenging. The Brand Group Core is working on further stabilizing its performance with a view to improving its resilience against external factors, in particular given the slower development of the e-mobility market in Europe.

Comeback in the USA and Canada: Volkswagen celebrates the long-awaited return of the VW bus to North America with the ID. Buzz with long wheelbase.June 2: day of the world premiere becomes new US holiday. The European premiere of the long ID. Buzz follows at the VW Bus Festival in Hanover from June 23 to 25.Spacey: the new ID. Buzz with long wheelbase is one of the most spacious electric vehicles, with room for up to seven people and a large luggage compartmentHigh-efficiency drive system: at its launch, the ID. Buzz with long wheelbase will be optionally available in Europe and North America with new 85 kWh battery (net) and new 210 kW electric drive motorSamba Bus for the modern age: newly developed panoramic sunroof with electronically controlled tinting is the largest glass roof ever produced by Volkswagen A vehicle like a rock song. Good vibrations. Whenever it appears, people smile: the ID.Buzz. The icon among electric vehicles. The latest addition to the family is now here: the ID. Buzz with long wheelbase. It is “Made in Germany” for Europe – as well as for Canada and the US. Because Volkswagen is starting the comeback of the VW bus in North America with the ID. Buzz with long wheelbase.

Brand Group Volume sales revenue climbed to EUR 33.16 billion (+36 percent) in first quarter Strong growth in BEV deliveries (+ 49 percent) underscores progress in Brand Group Volume’s electric ramp-up – overall deliveries up 30 percent to 1.19 million vehicles Consolidated operating profit before special items doubled to EUR 1.74 billion; Brand Group Volume’s operating return on sales came in at 5.3 percent (+1.7 percentage points) Strong result driven by higher sales volume, consistent cost management and focus on efficiency in key synergy areas Thomas Schäfer, Member of the Volkswagen Group Board of Management in charge of the Brand Group Volume: “Strong brands, lean engine room: targeted cooperation between the brands enabled us to expand existing synergies and scaling benefits in the past few months and at the same time increase our financial robustness and innovation strength. The Brand Group Volume’s key figures prove we are on the right track.” The Volkswagen Group’s Brand Group Volume further strengthened the close cooperation between the sister brands Volkswagen, Škoda, SEAT/CUPRA and Volkswagen Commercial Vehicles in the first quarter of 2023. To take account of this successful development and the significance of the Brand Group Volume in the ongoing transformation of the Volkswagen Group, the four volume brands are publishing their key financial metrics for the first time in a Brand Group Volume quarterly report. The brand group’s positive development towards greater efficiency and profitability in the volume segment is reflected in particular by the operating profit before special items, which doubled compared with the prior-year quarter, coming in at EUR 1.74 billion (Q1 2022: EUR 0.88 billion), and by a sharp increase in the Brand Group Volume’s operating return on sales from 3.6 percent in the first quarter of the previous year to 5.3 percent in Q1/23.

Buzz is headed sustainably and efficiently into the future, building on the great strengths long offered by Volkswagen buses. The interior of the ID. Buzz is an Open Space with plenty of room, outstanding variability and a high level of comfort. At the same time, the model is a pioneering companion in the digital world. It offers the best possible connectivity thanks to its fully digital operating concept and innovative infotainment system. Technical details such as USB-C ports are also on board, allowing passengers to perform rapid charging of their smartphones, laptops, etc. with a capacity of up to 45 watts. In combination with the clear design and fresh two-tone look, the ID. Buzz becomes a “digital living room” and therefore opens up a new dimension in electric mobility. Jozef Kabaň, Head of Volkswagen Design, explains: “We have developed a vehicle layout with a logical and intuitive interior concept and variable use of space. The interior becomes a digital living room or office – just like our customers are familiar with from their own homes.” Up to eight USB interfaces. Customers now have an even larger number of options for using their mobile devices in the ID. Buzz – the electrically powered bus acts as both a digital living room and a mobile home office. Volkswagen optionally supplies small folding tables on the front seat backrests for laptops or tablets – the latter are held in specially designed recesses. Three USB-C ports are provided as standard for supplying power to smartphones, games consoles, notebooks and tablets used by the occupants in the ID. Buzz. Two of them – with data transfer capability – are located on the right next to the steering column, while the third is in the front passenger door. Customers can additionally order three further ports, one each in the interior mirror base and in the two sliding doors. Two more ports on the walls in the load compartment will follow soon.

Buzz provide exclusive insights and statements Jozef Kabaň, Head of Volkswagen Design: “We’re transferring the genes from the first VW Bus into the age of electromobility and sustainability”A clean and functionally designed exterior, iconic front section and headlamps with a human touchCozy interior in the style of a chic lounge and with sustainable materials An icon returns! With the ID. Buzz and the ID. Buzz Cargo, Volkswagen brings the T1’s DNA into the present – and the future. Like the first 1950 Bus, the new models are cleanly and functionally designed, while at the same time evoking a number of emotions. But how was that accomplished? Volkswagen designers provide exclusive insights into their work. “The T1 was an icon of the 1950s,” says Jozef Kabaň, Head of Volkswagen Design. “With the ID. Buzz , we’re transferring its DNA into the age of electromobility. It’s conveying the icon’s genes and design elements into the digital age. The ID. Buzz is timeless, sustainable and extremely functional at the same time. These qualities make it unique. It draws a lot of sympathy and feeling of togetherness onto the road.” With the ID. Buzz, Volkswagen is breaking into a new market segment and in doing so is picking up the pace of its electric campaign in all vehicle classes as part of its ACCELERATE strategy. By 2030, at least 70 percent of Volkswagen sales in Europe is expected to be purely electric cars. That’s more than a million vehicles. In North American and China, the e-car share should be at least 50 percent. Clean character. With their unique lines, the ID. Buzzand the ID. Buzz Cargo – that is, the Bus and the Transporter – are following their ancestor.

Average CO₂ emissions for the passenger car fleet of new vehicles in Europe was around 5.5 million grams below the legal target Volkswagen CEO Ralf Brandstätter: “We are making rapid progress in the transformation towards e-mobility and decarbonization and are making an important contribution to meeting the Paris climate goals.”Deliveries of all-electric vehicles in 2021 doubledElectric offensive will continue to gain momentum in 2022 with new models Based on preliminary figures, Volkswagen Passenger Cars has exceeded the ambitious European CO₂ fleet targets for 2021 and produced around 5.5 million grams fewer CO₂ than required by law. The passenger car fleet of new vehicles in the European Union achieved average CO₂ emissions of 113 g/km – the legal CO₂ target for the brand was 119 g/km. In 2021, the realistic WLTP standard replaced the old NEDC. Volkswagen had already over-fulfilled the targets for 2020. “By significantly exceeding our CO₂ targets once again, we have demonstrated our fast and systematic approach to sustainability and the transformation towards e-mobility through our ACCELERATE strategy. We are thus making an important contribution to meeting the Paris climate goals. This year, we adding to the momentum with our new models,” said Volkswagen CEO Ralf Brandstätter. Last year, Volkswagen delivered more electric vehicles worldwide than ever before, handing over more than 369,000 electric cars (+73 percent versus 2020), including approximately 106,000 PHEVs (+33 percent) and 263,000 all-electric vehicles (+97 percent) to customers. The Group thus doubled its BEV deliveries year-on-year. Volkswagen will again increase its investments in the future over the next five years – to around €18 billion. Most of this, almost €14 billion, will be spent on e-mobility – for example for the development of further new models and the transformation of our plants towards e-mobility. In addition, there will be more than €1 billion for hybridization.