All Press Releases

Volkswagen Group is donating one million euros in emergency aid for people affected by the severe storms in Spain. The donation will be used directly for relief efforts in Valencia. The region has suffered numerous fatalities in recent days and the extent of the damage is considerable. The money is being donated to the German Red Cross (DRK). The aid organization will pass the donation on to the Spanish Red Cross, which is providing funds for the support of the victims and is working for the reconstruction on the ground.

The collective bargaining committees of Volkswagen AG and the Lower Saxony and Saxony-Anhalt branches of IG Metall today continued discussions in the 2024 collective bargaining round in Wolfsburg. Ahead of the negotiations, IG Metall had additionally demanded that the company reinstate the collective agreements terminated by Volkswagen AG effective December 31, 2024, without any modification of content. Due to the economic crisis in the automotive industry, Volkswagen is unable to meet this demand. Nor is it able to meet the union’s demand for a 7 percent pay rise. Rather, the company believes that reducing pay by 10 percent would give Volkswagen AG the means to make future investments so as to remain competitive and hence safeguard jobs.

The Volkswagen Group expects deliveries to customers to be around 9 million vehicles (2023: 9.24 million vehicles). The company expects Group sales revenue to be around 320 billion euros (2023: 322.3 billion euros).

At the International Suppliers Fair (IZB) in Wolfsburg, Germany, Volkswagen Group and Thyssenkrupp Steel signed a memorandum of understanding (MoU) for the planned supply to Volkswagen Group of low-carbon steel from Thyssenkrupp Steel’s future direct reduction plant. This agreement underscores the two companies’ joint commitment to sustainability and climate protection, marking a further milestone in their long-standing partnership.

Volkswagen’s new Sustainability Council will be presented for the first time at The Volkswagen Group Sustainability Forum. For one day, over 90 experts from science, civil society, industry and the Volkswagen Group will exchange ideas and discuss on sustainability topics together.

Volkswagen Group Charging GmbH (Elli) is launching its first smart charger in Europe. The Elli Charger 2 integrates via solar surplus charging with a home’s solar power system and can use price optimized charging to automatically charge when electricity market prices are lowest. Elli has now set new standards in integrating renewable energies and reducing charging costs to make the energy transition at home a reality. Furthermore, customers can now also purchase and install a solar power system from Otovo together with the smart charger. The partnership between Elli and Norwegian solar power marketplace Otovo will initially be rolled out in Germany at selected Volkswagen dealers (including in Hamburg, Ulm, and Augsburg) as a pilot project and is intended to be established across Europe in the long term.

The Volkswagen Group aims to further increase traffic safety for all road users. The Group brands plan to use sensor and, more recently, image data from customer vehicles in road traffic to continuously optimize driver assistance systems and automated driving functions. Customers will benefit from the improvements through software updates in the vehicle. The continuously improved driving functions enhance driving comfort and contribute positively to overall traffic safety. High-quality data from real traffic situations are central to this continuous optimization of powerful assistance systems. The basic prerequisite for their processing is customer consent, and all data protection regulations are observed. The Volkswagen Group aims to start this initiative in Germany from the fourth quarter of 2024, initially with models from the Volkswagen Passenger Cars and Audi brands. Other Group brands plan to gradually join the initiative and prepare their product portfolios accordingly.

The collective bargaining committees of Volkswagen AG and the Lower Saxony and Saxony-Anhalt branches of IG Metall today started discussions in the 2024 collective bargaining round in Hanover. The parties to the collective bargaining agreement had agreed previously to bring forward the start of the collective bargaining round originally planned for the end of October by one month. Due to the current economic challenges, Volkswagen AG felt compelled to add matters other than the IG Metall pay demand to the negotiations in the collective bargaining round and, for the first time, to terminate collective agreements effective December 31, 2024. These include the safeguards for production sites and jobs, the hiring of trainees and dual students, the application of the Tarif Plus bracket and all collective agreements on the deployment of temporary workers.

Outlook for 2024 Confirmed. The Volkswagen Group expects the sales revenue to exceed the previous year’s figure by up to 5% in 2024. The operating return on sales for the Volkswagen Group and the Passenger Cars Business Area is likely to be between 6.5% and 7%.