News
This is an overview of articles and relevant publications of the Group, its brands and business units.
Market launch of the new Tayron: more space for everyone and everything
Volkswagen showrooms have a new addition: just months after its world premiere, the Tayron is hitting dealerships across Europe. The first customers are also starting to receive their pre-orders of the brand’s latest SUV.
Fiscal year 2024: Audi pushes ahead with transformation and model initiative
The Audi Group delivered a solid performance in the 2024 financial year despite challenging market conditions. In the past twelve months, revenue totaled 64.5 billion euros, operating profit amounted to 3.9 billion euros, and the operating margin was 6 percent. Net cash flow reached 3.1 billion euros. Audi will continue to deliver in 2025 – model by model. By the end of the year, the company will have the youngest product portfolio in its market segments.
The TRATON GROUP and Applied Intuition announce Strategic Partnership on Vehicle Software
The TRATON GROUP, one of the world’s leading commercial vehicle manufacturers, and Applied Intuition, Inc., a Silicon Valley-based vehicle software supplier, today announced a strategic partnership to deploy industry-leading vehicle software platforms for all TRATON brands — Scania, MAN, International and Volkswagen Truck & Bus. The goal of the partnership is to accelerate TRATON’s technological leadership and enable the company to deliver full software-defined vehicle (SDV) capabilities. Applied Intuition will provide AI-powered software products for vehicles globally, leveraging its software expertise and TRATON’s experience in industrializing software-driven commercial vehicles at scale.
SEAT S.A. posts record operating profit of 633 million euros in a landscape that demands more flexibility for the future
SEAT S.A. has presented its 2024 financial results and future strategic objectives amid ongoing challenges in the automotive industry. Last year, according to International Financial Reporting Standards (IFRS), operating profit reached a record 633 million euros, which represents a 1.3% increase compared to 2023. Annual turnover grew to a record 14.53 billion euros, 1.4% more than the previous year. Return on sales remains stable at 4.4%. These results reinforce the company’s confidence in the strength of its strategy to meet present and future challenges.
Škoda Auto’s record-breaking 2024: A strong foundation for the intensifying transformation
2024 was the best financial year in the history of Škoda Auto Group. It achieved a record sales revenue of €27.8 bn (+4.7%) and an operating profit of €2.3 bn (+30.0%). Net cash flow more than doubled, exceeding €2 bn (+116.2%), and return on sales further increased to 8.3%, reflecting the excellent overall financial performance and resilience of the company. These strong results are allowing the company to navigate the upcoming challenges of the intensified transformation from a position of strength. The further improved financial figures are primarily driven by higher sales, favourable mix effects, and beneficial exchange rates, alongside the consistent implementation of the Next Level Efficiency+ programme, with a strong focus on optimising costs. Škoda Auto delivered 926,600 vehicles to customers worldwide last year (+6.9%), with the Octavia remaining the brand’s bestseller (215,700 vehicles; +12.4%).
Brand Group Core reports solid results for 2024 in a challenging environment
The Volkswagen, Škoda, SEAT/Cupra and Volkswagen Commercial Vehicles brands worked closely together in the last financial year. Jointly optimized processes strengthened the resilience of the Brand Group Core. Despite necessary restructuring – at the Volkswagen brand in particular – the brand group reported a solid operating result of some 7 billion euros in a challenging market environment. The successful implementation of model ramp-ups together with moderate increases in vehicle sales and sales revenue underscore the increased resilience of the brand group in the face of external challenges.
Brand Experience 2025: Volkswagen brings the spirit of optimism to dealers worldwide
Around 11,000 Volkswagen dealers from all over the world are taking part in the “Brand Experience 2025” in Düsseldorf until the end of March. At the event, they will gain exclusive insights into the measures Volkswagen is taking to regain its strength. In addition to the emotionalization of the brand and the vision of a holistic customer experience, the future model range is the focus of the event. Volkswagen will be presenting more than ten new models for the next three years – from highly efficient vehicles with internal combustion engines to state-of-the-art hybrid and all-electric models.
Porsche AG records robust results in a challenging environment
Porsche AG ended the 2024 financial year with a robust result in a challenging environment. The sports car manufacturer marked record sales in four out of five regions of the world, as well as strong automotive net cashflow, which almost reached the record levels of 2023.
TRATON GROUP continued its successful course in 2024: sales revenue rose to €47.5 billion, incoming orders remained stable, adjusted operating return on sales increased to 9.2%
The TRATON GROUP increased its sales revenue in 2024 by 1% to €47.5 billion (2023: €46.9 billion) in a market environment that was difficult at times and despite marginally lower unit sales. A favorable market and product mix and better unit price realization in the industrial business (TRATON Operations) supported the sales revenue. Thanks to the increased portfolio volume, the TRATON Financial Services segment lifted its sales revenue by 22% to €1.9 billion (2023: €1.6 billion).
Mobility for everyone: with the ID. EVERY1, Volkswagen is providing a preview of an entry-level electric model
Since the Beetle, Volkswagen has been enabling affordable mobility for millions of people with compact and likeable cars. With the ID. EVERY1 concept car, the German car manufacturer is now showing an entry-level all-electric model. Volkswagen will launch the production version in 2027 – with a starting price of around 20,000 euros. The ID. 2all will already be launched in the 25,000-euro class in 2026. Both models are part of the new Electric Urban Car Family with front-wheel drive, which is being developed on a cross-brand basis under the umbrella of the Brand Group Core – comprising the volume brands in the Volkswagen Group. They are based on Volkswagen’s new modular electric drive platform: the MEB with front-wheel drive.
