News
This is an overview of articles and relevant publications of the Group, its brands and business units.
New licensing model: MOIA opens ridepooling ecosystem to cities and local transport operators
Tiguan redesign: Volkswagen’s bestseller celebrates world premiere before 10,000 employees
Ahead of the official media unveiling, Volkswagen this morning presented the new Tiguan to some 10,000 employees at the works meeting at the Wolfsburg plant. The Tiguan is one of the most successful Volkswagen models of the present day and is therefore of particular importance to the company: Since it went on sale in 2007, 7.6 million units have been produced – almost one million of them in the past two years. Since 2018, the Tiguan has been the bestselling model of not only Volkswagen Passenger Cars but also the Volkswagen Group. The new, third generation of the bestselling SUV will roll off the assembly line in Wolfsburg from fall 2023 and come onto the market in the first quarter of 2024. With its familiar compact dimensions, the Tiguan marries progressive technologies with charismatic design.
Archive
incampus opens in Ingolstadt: Ground for new ideas
After seven years of extensive soil remediation and construction, the time has come. The official opening of the incampus technology park was attended by Minister-President of Bavaria Markus Söder and Mayor of Ingolstadt Christian Scharpf. On the former refinery site, Audi and its partners will work on the future of mobility. Audi already has a new Vehicle Safety Center and an IT Center at the site, and the Volkswagen Group’s software company CARIAD also has its biggest tech hub there.
TRATON successfully sets up commercial paper program and gains access to additional financing market
TRATON has successfully set up a commercial paper (CP) program with a volume of €2.5 billion.
Bike leasing in Europe and the USA: Volkswagen Financial Services and Pon Holdings form strategic alliance
Volkswagen Financial Services ("VW FS") and Pon Holdings ("Pon") are intensifying their partnership in company bike leasing. Within this framework, VW FS will acquire a 49 percent stake in the Pon bike leasing subsidiary Bike Mobility Services (BMS). The Memorandum of Understanding (MoU) on this strategic alliance was signed at the IAA Mobility motor show in Munich today. The aim is to jointly expand in the growing bicycle and e-bike leasing business in Europe and the USA.
The new all-electric ID.7 is now available to order
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.
Brand Group Core increases returns and operating profit in first half of 2023 – systematically moving towards greater profitability in volume segment
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.
Performance program: Volkswagen brand aims to become more efficient and more profitable
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.
Volkswagen: Brand Group Volume doubles operating profit in first quarter 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.
World premiere for the efficiency champion: Volkswagen ID.7 with a range of up to 700 km (WLTP)
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.
