News
This is an overview of articles and relevant publications of the Group, its brands and business units.
Porsche expands partnership with Google
Porsche and Google are expanding their collaboration with the goal of enabling even deeper integration of Google services in Porsche vehicles.
Brand Group Core improves operating profit, unit sales and sales revenue – increased product costs and interruptions to production impact profitability
The Volkswagen Group’s Brand Group Core extended cross-brand cooperation in the first nine months of 2023. Further synergy and scale effects were leveraged through disciplined investments and increased cost efficiency between the Volkswagen, ŠKODA, SEAT/CUPRA and Volkswagen Commercial Vehicles brands. There was a slight increase in the overall effectiveness of the Brand Group – however, performance felt the impact of negative factors such as interruptions in production resulting from the floods in Slovenia.
Audi Group: Solid development in the first nine months
The Audi Group is following up on a strong first half of the year and reports increased delivery figures after nine months: Between January and September, the Progressive brand group delivered around 1,405,000 Audi, Lamborghini, and Bentley vehicles – 16 percent more than in the same period last year. The increase was particularly strong in the USA and Europe. Revenue rose by 13 percent to €50.4 billion in the first nine months, while the operating profit was €4.6 billion. The operating margin was within the target corridor at 9.1 percent. Once again, the brand with the four rings demonstrated its strength in fully electric models with deliveries of more than 123,000 vehicles – an increase of 60 percent – demonstrating the success of the electrification strategy.
Porsche AG posts robust growth in first nine months
Roughly a year after its successful IPO on September 29, 2022, Porsche AG again reported strong business figures for the third quarter of 2023. In the first nine months of the year, the sports car manufacturer increased both Group sales revenue and Group operating profit.
TRATON GROUP raises forecast for full-year 2023 following successful business performance in the first nine months
The TRATON GROUP has delivered a strong performance in the first nine months of 2023 with significant increases in unit sales, sales revenue, operating result, and operating return on sales and is now raising its forecast for full-year 2023.
Federal government and Hamburg put autonomous ridepooling project on the road
October 23rd, 2023 - By 2030, there could be up to 10,000 autonomous shuttles on Hamburg's roads. That’s the goal of an agreement between the Federal Ministry of Transport and the Hanseatic City of Hamburg, which is now being brought to reality.
TRATON GROUP unveils new service to boost charging for electric trucks
October 18, 2023 – The TRATON GROUP has established TRATON Charging Solutions to accelerate access to charging locations for its brands’ customers and facilitate the transition of their fleets to battery electric commercial vehicles. TRATON Charging Solutions is a new service entity of the TRATON GROUP dedicated to simplifying electric commercial transport. It offers a range of capabilities, including contracting, invoicing, route planning, and utilization insights, to ensure a seamless charging experience for electric commercial vehicle operators.
Volkswagen Passenger Cars readies plants for the future
The Volkswagen brand is preparing its Germany-based production network for the future. At a meeting today, the Group Board of Management informed the Supervisory Board of the Volkswagen Group about its vehicle allocation plans for the brand through 2028. In taking this step, the company has set its sites up for profitable capacity utilization and the economic perspective of the coming years. Efficient vehicle allocation and increased productivity are key aspects of the performance program ACCELERATE forward | Road to 6.5 initiated by the brand.
Porsche pleased with first year after IPO
Porsche AG is looking back on its first year after its much-anticipated IPO on 29 September 2022. “Today, we can say that our IPO has been a huge success. It’s good for our customers, our shareholders and our employees as well,” says Chairman of the Executive Board Oliver Blume. “With the greater entrepreneurial freedom and flexibility, we are able to set our own priorities. We can also act more quickly and with greater focus. In a dynamic and challenging global environment, that’s more important than ever.”
Vietnam launch: Škoda Auto celebrates key internationalisation milestone
