Warning about illegal offers of alleged shares of "Lamborghini SpA"
Interim Report January-September 2023
On October 26, 2023 the Volkswagen Group will publish the results for the third quarter 2023.
Volkswagen Group taps into new profit pools with sustainable mobility
The Volkswagen Group has made decisive progress in its four industry-leading technology platforms. It is also tapping into highly attractive additional profit pools as part of its transformation from legacy automaker to integrated mobility provider by further expanding its sustainable mobility business. At the Group's press conference at IAA Mobility in Munich, CEO Oliver Blume said: "We are making good progress. And faster than planned. We have reached numerous milestones, set important strategic directions and achieved joint successes. We are systematically driving forward the transformation along our ten-point plan and consistently developing further attractive profit pools in the area of sustainable mobility."
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.
Volkswagen Group posts solid H1 results and strengthens strategic position in China
Volkswagen Group posted solid H1 results for 2023, with rising sales revenue and strong underlying operating profit. This is in line with the Group’s “value over volume” strategy, announced at the recent Capital Markets Day. The Group's BEV strategy is also making further progress, with deliveries in the first half of the year increasing by around 50 percent year-on-year. In Europe, the Group increased its BEV deliveries by as much as 68 percent, underscoring its position as market leader in Europe. As the year progresses, significantly shorter delivery times, the remaining high order bank of 1.65 million vehicles and stable demand should provide further tailwinds. The solid net liquidity of EUR 33.6 billion in the Automotive Division also gives the Group the necessary strength and flexibility to continue investing in key regions and growth areas.
Volkswagen Group focuses its strategic alignment and launches performance programs at all brands to strengthen profitability and cash flow
Volkswagen Group is focusing its strategic alignment. At its Capital Markets Day, the Group presented leadership principles that emphasize customer orientation, entrepreneurship and team spirit. The Group assigns responsibility for their return targets to the brands. To achieve these goals, strengthen profitability and cash flows in particular as well as reduce capital intensity , each brand is launching its own performance program for the first time. This involves a paradigm shift: Instead of pure volume growth, sustainable value creation will be prioritized in the future based on the "value over volume” principle. To enable them to fully exploit the economies of scale offered by the technology platforms, the Group is realigning its architecture, battery, software and mobility services. Regionally, the Group is focusing its investments on the world’s most attractive profit pools. In this context, the strategies for the important growth markets of China and North America were also refined. Based on the brands' focused approach and performance programs, the Group is increasing its strategic return on sales target to 9 to 11 percent by 2030.
Lars Korinth appointed Head of Investor Relations in the Volkswagen Group
Lars Korinth will become the new Head of Investor Relations in the Volkswagen Group from autumn 2023 onwards. In this role, he succeeds Julian Krell, who is leaving the company at his own request on June 30, 2023. Korinth already knows the company from his time as Senior Investor Relations Manager at Volkswagen and most recently as Head of Investor Relations at TRATON SE. In his new role, Lars Korinth will report to Rolf Woller, Head of Group Treasury and Investor Relations.
Preliminary results fiscal year 2022
Executive Board and Supervisory Board determine placement price of the preferred shares for IPO of Dr. Ing. h.c. F. Porsche AG
Executive Board and Supervisory Board determine price range and offer structure for IPO of Dr. Ing. h.c. F. Porsche AG; Volkswagen AG enters into Share Purchase Agreement with Porsche Automobil Holding SE
Board of Management and Supervisory Board aim for an IPO of Dr. Ing. h.c. F. Porsche AG and decide on the next step with the "intention to float"
The Management Board and the Supervisory Board are dealing with a possible announcement of an Initial Public Offering (IPO) of Dr. Ing. h.c. F. Porsche AG
Chairman leaves the Board of Management of Volkswagen AG
Volkswagen AG publishes preliminary key figures for the first quarter 2022
Volkswagen AG resolves examination of a possible IPO of Dr. Ing. h.c. F. Porsche AG
Volkswagen AG is in advanced discussions with Porsche Automobil Holding SE regarding a potential IPO of Dr. Ing. h.c. F. Porsche AG
Videostatement by Arno Antlitz on the results for the first half 2023
Public part of the 63rd Annual General Meeting on May 10, 2023
Annual Media Conference 2023