News
This is an overview of articles and relevant publications of the Group, its brands and business units.
Volkswagen Group Charging (Elli) presents new charging products for e-fleets and companies at the IAA Transportation 2024
Management change in the finance department of the Core brand group
With effect from October 1, 2024, there will be a change on the Board of Management of the Volkswagen Passenger Cars brand and on the Board of Management of SEAT S.A. Patrik A. Mayer will take over from David Powels as Executive Vice-President for Finance and IT at SEAT S.A., while David Powels will take over the responsibilities of Patrik A. Mayer.
A change in the Audi Board of Management: Marco Schubert takes over Sales and Marketing from Hildegard Wortmann
Marco Schubert is returning to Audi after three years and becoming the new Member of the Board of Management for Sales and Marketing. The Supervisory Board of Audi made this decision on August 30, 2024. Schubert succeeds Hildegard Wortmann, who is leaving the Audi Board of Management on August 31, after five years at her own wish and by harmonious mutual agreement. At the same time, Wortmann will leave her role in the Extended Executive Committee of Volkswagen Group.
Imitation leather from industrial hemp: innovative and sustainable material for future car interiors
Volkswagen has entered into a cooperation with the German start-up Revoltech GmbH from Darmstadt. The aim is to research and develop sustainable materials based on industrial hemp. These could be used as a sustainable surface material in Volkswagen models from 2028. The material made from 100% bio-based hemp uses residues of the regional hemp industry. It can be produced on existing industrial plants and recycled or composted at the end of its service life in an automobile. The first presentations of the innovative material have already received a very positive response and feedback from customers.
Brand Group Core with stable sales revenue and product offensive in first half of 2024 - High fixed costs and one-off effects significantly impact profitability of Volkswagen brand
In a year shaped by a persistently weak economic environment, more intense competition and political challenges, the Brand Group Core continues to focus on successful model ramp-ups and execution of the performance programs in the various brands. The Brand Group plans to boost profitability in the second half of the year through a clear focus on strict cost efficiency and the realization of synergies generated by cooperation, as well as through growth.
TRATON sells a total of 78,960 vehicles in the second quarter of 2024
With the market environment continuing to normalize, the TRATON GROUP also recorded slightly declining unit sales in the second quarter of 2024. According to preliminary data, a total of 78,960 vehicles were delivered across all brands in the second quarter of 2024, down 5% on the prior-year quarter. In the first half of the year, unit sales amounted to 160,108 vehicles, also equivalent to a decline of 5%.
Porsche delivers 155,945 vehicles in the first half of the year
In the year of product launches, Porsche maintains stable sales in the first half of 2024: a total of 155,945 vehicles were handed over to customers worldwide between January and June.
ChatGPT is now available in many Volkswagen models
Volkswagen models featuring the new-generation infotainment system are now also equipped with artificial intelligence (AI) of ChatGPT. The AI-based research tool is available in all new vehicles in the all-electric ID. family, as well as in the new Golf, new Tiguan and new Passat. It can be accessed using the IDA voice assistant and offers a range of new options that go far beyond the voice control previously available. For example, customers can now have search results read out to them, and can interact with the car using natural language.
TRATON shareholders approve Executive and Supervisory Boards’ actions and resolve on 2023 dividend — more than double last year’s
TRATON SE shareholders have approved all items on the agenda for this year’s Annual General Meeting by a large majority. One of the votes resolved on a dividend payout of €1.50 per share for fiscal year 2023, more than twice as high as last year’s figure of €0.70. In addition, the shareholders approved the actions of the members of the Executive and Supervisory Boards for fiscal year 2023 as well as the submitted remuneration report.
Porsche AG updates product range and doubles dividends
Porsche AG holds its virtual Annual General Meeting on 7 June. Chairman of the Executive Board Oliver Blume expresses his satisfaction to the company’s shareholders and explains the current strategy, which the management aims to continue pursuing despite the challenging macroeconomic conditions.
