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Volkswagen is opening pre-sales for its ID.7 all-electric saloon: as of today, customers will initially be able to order the model in the Pro specification package with a range of up to 621 kilometres (WLTP) at a price of €56,995. For the market launch, Volkswagen has equipped the ID.7 with particularly convenient and high-quality technologies. Highlights such as the augmented reality head-up display and the “Discover Pro Max” navigation system are included as standard.

The Volkswagen Group’s Brand Group Core continued its development in the first half of 2023. Thanks to intensified cooperation between the sister brands Volkswagen, ŠKODA, SEAT/CUPRA and Volkswagen Commercial Vehicles, efficiency and profitability increased through the entire brand group. The new designation of Brand Group Core reflects the central role of the brand group as the backbone of the Volkswagen Group. With its new steering model, the Volkswagen Group’s ambition is to leverage the performance of the brand groups as efficiently as possible while at the same time harnessing the Group’s economies of scale to the greatest possible effect.

The Volkswagen brand aims to make significant gains in South America with a major product offensive. By 2027, the company plans to grow by 40 percent in Brazil, the region’s largest market. For example, 15 new electric and flex-fuel vehicle models are being launched by 2025 alone. Hybrid vehicles will also follow in the medium term. Before the end of 2023, the company is bringing its first fully electric models to Brazil – the Volkswagen ID.4 and the ID. Buzz. In total, the South American automotive market is expected to grow 11 percent a year until 2030 – making it one of the fastest growing markets in the world. The company is thereby systematically implementing its strategy to rapidly expand its business in growth markets and to intensify sustainable mobility. Volkswagen is celebrating its 70th anniversary of foundation in Brazil these days.

Volkswagen intends to drive up its performance and profitability in the long term with the “ACCELERATE FORWARD | Road to 6.5” global performance program. The goal is to sustainably achieve a return on sales of 6.5 percent to safeguard investments in future technologies and jobs. To this end, the brand plans to improve earnings by around 10 billion euros in 2026. At today’s works meeting held at the Wolfsburg headquarters, Volkswagen CEO Thomas Schäfer outlined important milestones of the program, such as streamlining and accelerating administrative processes, increasing efficiency in development and production, streamlining the model range, and at the same time reducing the number of equipment variants and further improving product quality. Volkswagen is setting up a Project Management Office (PMO) to develop and manage the program. Stephan Wöllenstein, top manager at VW, will take over its management. The program is to be implemented in close consultation with the employee representatives. All measures should be up and running by October 2023.

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.

Wolfsburg – Volkswagen now presents the new ID.7, the brand’s first global electric model for the upper mid-size class. The combination of ranges up to 700 kilometres (WLTP)2, superior powertrain, spacious interior and premium technologies makes the ID.7 a comfortable limousine for long distance travel and opens up a new segment for the ID. family. Almost five metres long, the model also has an enhanced customer-focused operating concept and a high-quality appearance. The ID.7 launch is planned for this year in Europe and China, and from 2024 in North America.

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.

Wolfsburg, London, Amsterdam, July 5, 2022 – Green Mobility Holding S.A., a bidder consortium consisting of Volkswagen, Attestor and Pon Holdings, today announced the result of the reopened tender offer for the shares of Europcar Mobility Group as published by the French financial market authority (AMF). At the expiry of the supplemental acceptance period on June 29, 2022, a total of 4,686,853,284 shares of Europcar Mobility Group were tendered into the offer. As a result, Green Mobility Holding holds 93.62 percent of the share capital and at least 93.60 percent of the voting rights of the company. Consequently, Green Mobility Holding has requested the implementation of a squeeze-out procedure at a price of €0.51 per share and the delisting of the company. Shareholders having already tendered their shares to the offer will receive payment of an additional price of €0.01.

Green Mobility Holding S.A., a bidder consortium consisting of Volkswagen, Attestor and Pon, and the controlling majority shareholder of Europcar Mobility Group, welcomes the adoption of all the resolutions proposed to the Europcar Mobility Group’s Combined Shareholders’ Meeting that has taken place today. As proposed by the consortium, the Shareholders’ Meeting has approved to change the governance structure of Europcar Mobility Group from a one-tier board structure to a two-tier board structure with a Management Board and a Supervisory Board.