Capital Markets Day 2023

The Volkswagen Group Capital Markets Day 2023 took place on June 21, 2023 at the Hockenheimring.

Portrait of Oliver Blume, CEO Volkswagen Group
“We have realigned Volkswagen Group strategically and technologically. Customer orientation, entrepreneurship and team spirit determine our actions. Ambitious, strategic return targets with structured performance programs strengthen our financial robustness. Our focus is on implementation, speed and performance: in the past nine months, we have already made important decisions for the setup of our company. With our stringent 10-Point-Program, we have clearly prioritized our operational and strategic areas of action. Core areas are our products, markets and customers, technologies and the financial framework of Volkswagen Group”
Oliver Blume CEO, Volkswagen Group
Portrait of Oliver Blume, CEO Volkswagen Group
Dr. Arno Antlitz, Finance and Operations
“Our new steering model is based on the principles of profitability, lower fixed costs and disciplined investment. Historically, our company has often tried to increase profitability through volume growth – and we have been successful with this strategy. However, we are convinced that the transformation of our industry towards e-mobility and digitalization requires a new approach. That is why we have introduced a steering model based on strong brand groups and technological platforms across brands. It prioritizes sustainable, profitable value creation over volume growth.”
Arno Antlitz COO and CFO, Volkswagen Group
Dr. Arno Antlitz, Finance and Operations

Video Capital Markets Day 2023

Strategic Return on Sales Targets

Volkswagen Group
8 %
Brand Group Core
14 %
Brand Group Progressive
20 %
Brand Group Sport Luxury
9 %
Brand Group Trucks

Volkswagen Group focuses its strategic alignment and launches performance programs at all brands to strengthen profitability and cash flow

  • New leadership principles focus on customer orientation, entrepreneurship and team spirit 
  • Paradigm shift to “value over volume” prioritizes sustainable value creation over volume growth 
  • Strategic Group return on sales target raised to 9 to 11 percent by 2030 
  • New steering model for the brand groups, sharpening of brand positioning and product range 
  • Each brand assumes responsibility for strategic return targets and pursues them with structured performance programs 
  • Rearrangement of platform architectures, battery, software and mobility services 
  • Realignment of regional strategies, especially in the markets China and North America 

Press Release Capital Markets Day 2023


Volkswagen Group focuses its strategic alignment and launches performance programs at all brands to strengthen profitability and cash flow

The specified fuel consumption and emission data are determined in accordance with the measurement procedures prescribed by law. 1 January 2022, the WLTP test cycle completely replaced the NEDC test cycle and therefore no NEDC values are available for new type approved vehicles after that date. This information does not refer to a single vehicle and is not part of the offer but is only intended for comparison between different types of vehicles. Additional equipment and accessories (additional components, tyre formats, etc.) can alter relevant vehicle parameters such as weight, rolling resistance and aerodynamics, affecting the vehicle's fuel consumption, power consumption, CO2 emissions and driving performance values in addition to weather and traffic conditions and individual driving behavior. Due to more realistic testing conditions, fuel consumption and CO2 emissions measured according to WLTP will in many cases be higher than the values measured according to NEDC. As a result, the taxation of vehicles may change accordingly as of 1 September 2018. For further information on the differences between WLTP and NEDC, please visit Further information on official fuel consumption data and official specific CO2 emissions for new passenger cars can be found in the "Guide to fuel economy, CO2 emissions and power consumption for new passenger car models", which is available free of charge from all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, Germany and at