All Press Releases
This is an overview of press releases of the Volkswagen Group. To stay informed, users can subscribe to the press releases of Volkswagen Group via e-mail service.
Press Release
Powerful battery systems from Braunschweig: Volkswagen Group Components fires up the next production stage
The Volkswagen Group Components plant in Braunschweig is significantly expanding its production of battery systems for the latest electric vehicle generation. Following the first expansion stage with a maximum capacity of 250,000 battery systems, the second expansion stage has started up with the same capacity. This means that once the site is fully ramped up it will now be able to fit up to 500,000 batteries a year for models based on the modular electric drive matrix (MEB) ‒ in this case for the fully electric Volkswagen ID.3 and ID.4, as well as the ŠKODA ENYAQ iV, which should soon be quietly and powerfully cruising the streets of Europe with a battery heart from Braunschweig. In addition to that, up to 100,000 battery systems for the beloved models e-up!, SEAT Mii electric, ŠKODA Citigoe iV and as well as for hybrid vehicles such as the Volkswagen Golf GTE.
Press Release
Share of renewable energies in power supply to plants increases significantly
The Volkswagen Group made significant progress in supplying its plants with electricity from renewable sources in 2020. The share of renewable electricity purchased rose from 80 to 95 percent at EU production sites within a year. At the other global sites outside China, there was a similarly strong increase from 76 percent to 91 percent. By 2023, all EU sites are to be supplied with 100 percent electricity from renewable sources. By 2030, the same target is planned for all global sites outside China.
Press Release
Volkswagen’s Supervisory Board asserts claims for damages against Prof. Martin Winterkorn and Rupert Stadler
The Supervisory Board of Volkswagen AG has drawn a line under its clarification process and ended its investigation started in October 2015 into the causes of the diesel crisis and who was responsible for this. As a result, the Supervisory Board decided at its meeting today to assert claims for damages against the former Chairman of the Group Board of Management, Prof. Martin Winterkorn, and the former Group Board of Management member and Chairman of the Board of Management of AUDI AG, Rupert Stadler, on account of breaches of the duty of care under stock corporation law. No breaches of duty by other members of the Group Board of Management were identified.
Press Release
Brose and Volkswagen AG sign joint venture agreement
The Brose Group and Volkswagen AG have signed an agreement to establish a joint venture that will develop and manufacture complete seats, seat structures and components along with solutions for the vehicle interior. Brose will acquire half of Volkswagen subsidiary SITECH. Brose and Volkswagen will each hold a 50 percent share of the planned joint venture. The parties have agreed that Brose will take over the industrial leadership and consolidate the joint venture for accounting purposes. The transaction is still pending antitrust law approvals and other standard closing conditions.
Press Release
Change at the helm of Strategy and General Secretariat
Gernot Döllner, previously head of Product and Concept at Porsche AG, will become head of Group Strategy, Group Strategy Product and of the General Secretariat of Volkswagen AG effective May 1. In these functions, he will report directly to Herbert Diess, Chief Executive Officer of the Volkswagen Group. Gernot Döllner replaces Jürgen Rittersberger, who – as reported earlier – will become member of the Board of Management of Audi AG responsible for Finance and Legal Affairs in April. As head of Group Strategy Product, Gernot Döllner will succeed Michael Jost, who is leaving the company at his own request to devote time to his own projects.
Press Release
European CEO Alliance advocates for ambitious climate strategy
100 billion euros of investment to decarbonize their companies by 2030, a gradual introduction of a cross-sector CO₂ price and ambitious phase-out dates for coal: These are some of the key points of ten top managers from the energy, transport and technology industries issued in a joint position paper. Thereby, the leading European CEOs are calling for far-reaching climate protection measures at the occasion of the seventh international climate strike on Friday, March 19, 2021.
Press Release
Volkswagen Group set to use platform model for issues of the future
The Volkswagen Group is stepping up the pace of its transformation into the leading provider of individual mobility in the electric and fully connected age. To this end, the Group will systematically enhance its successful platform strategy. In future, vehicles and services of all Group brands are to be based on largely standardized technical foundations. The Group’s new platform roadmap has four elements: Hardware, software, batteries and charging, as well as mobility services. This is how the Volkswagen Group will reduce complexity, leverage economies of scale and synergies between brands, and generally accelerate the Group’s transformation, which has already begun. In order to secure the investments in future technologies, the Group will continue to focus its core business and strengthen its financial foundation.
Press Release
Power Day: Volkswagen presents technology roadmap for batteries and charging up to 2030
The Volkswagen Group presented its technology roadmap for batteries and charging up to 2030 today on its first Power Day. The goal of the roadmap is to significantly reduce the complexity and cost of the battery in order to make the electric car attractive and viable for as many people as possible. At the same time, the Group is aiming to secure the supply of battery cells beyond 2025. In Europe alone, six gigafactories with a total production capacity of 240 GWh are to be established by the end of the decade. Volkswagen is also vigorously pursuing expansion of the public fast-charging network globally. With this in mind, cooperations have been agreed in Europe with the energy companies BP (Great Britain), Iberdrola (Spain) and Enel (Italy).
Press Release
Volkswagen drives forward its transformation
Management and the works council have drawn up a set of guidelines specifying additional components for driving forward the Group’s transformation in the current fiscal year. The measures agreed will make an important contribution to disciplined cost management, the key drivers being freezing the size of the workforce at the January 2021 level and an extensive retirement package. It was also decided to open up partial retirement to employees born in 1964 as announced as part of the digital transformation roadmap, to reopen partial retirement for the 1961 and 1962 birth cohorts, and to additionally launch an early retirement program for the 1956 to 1960 birth cohorts.
Press Release
Dr. Arno Antlitz succeeds Frank Witter as Group CFO from April 1, 2021
Dr. Arno Antlitz, currently member of the Board of Management of AUDI AG for Finance and Legal Affairs, is to succeed Frank Witter as the Group Board of Management member responsible for Finance at the earlier date of April 1, 2021. The Supervisory Board already announced the change last December. As is known, Witter’s contract expires at his own request at the end of June 2021, an earlier changeover was already intended in December. Witter will continue to serve the company in an advisory capacity until then to ensure the best possible transition. He will present the Group’s annual financial statements at the Annual Media Conference.