• Brand Group Core posts 42.5 percent increase in operating profit in first half of 2023 compared with the same period last year
  • Result driven by increases in efficiency in key synergy areas and higher year-on-year sales volumes
  • New steering model combines strengths of the individual brands with economies of scale in Group’s five volume brands – changing name from Brand Group Volume to Brand Group Core underscores this focused approach
  • Thomas Schäfer, Member of the Group Board of Management: “The Brand Group Core’s solid development in the first half of 2023 shows we are on the right track with our focus on more efficiency and profitability. But we have by no means crossed the finishing line yet. In an extremely demanding environment, we must continue to intensify our cooperation and systematically leverage all synergy potential. The individual brands, the brand group and the Volkswagen Group all benefit from that. Above all, though, it is our customers who benefit, because this lays the foundation for our investment in innovations and technologies and enables us to continue to offer vehicles that are superior to those of the competition going forward.” 

Wolfsburg. 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 specified fuel consumption and emission data 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. 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 www.dat.de/co2.