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
Volkswagen investing strongly in the future
The Volkswagen Group is continuing to invest strongly in its future. As part of Planning Round 68, the investment plan for 2020 to 2024* has been drawn up. The plan was dis-cussed during today’s meeting of the Supervisory Board and approved. The Group plans to spend nearly EUR 60 billion on the future areas of hybridization, electric mobility and digitalization in the next five years. This amounts to slightly more than 40 percent of the company’s investments in property, plant and equipment and all research and development costs during the planning period. Compared with the Group’s last Planning Round, it represents an increase of around 10 percentage points. The Group intends to invest around EUR 33 billion of this figure in electric mobility alone.
Press Release
In brief: More than 200 horses in a sports bag – the electric drive in the Volkswagen ID.3
The ID.3 heralds the beginning of a new era of electric mobility for Volkswagen. The electric drive, which is based on the modular electric drive matrix (MEB), is produced by Volkswagen Group Components. It’s not only less complex than a conventional petrol or diesel engine, but also compact enough to fit in a sports bag. But how does the electric drive, produced at the component site in Kassel, actually work?
Press ReleaseArchive
Volkswagen starts pre-production in first plant purely focused on e-mobility in China
The new plant of the SAIC VOLKSWAGEN joint venture has been completed. It is purely built for the production of all electric vehicles on Volkswagen’s Modular Electric Drive Matrix (MEB). Celebrating the start of pre-production, a first China-specific all--electric Volkswagen ID. model rolled off the production line. The plant sets the next milestone in Volkswagen’s global electrification strategy. The start of series production of all-electric cars based on the MEB platform in Anting is scheduled for October 2020.
Press ReleaseArchive
Global Social Business Summit Berlin - The Gathering 2019: Volkswagen promotes ideas for social and sustainable business
Social, economic and ecological: At the Global Social Business Summit Berlin - The Gathering 2019 (GSBS) - 550 representatives from business, science, politics and society are discussing business models that pursue social and ecological goals and are profitable at the same time. The conference with participants from 54 countries is taking place on 7 and 8 November in Berlin. For the fourth time, Volkswagen Group is supporting the annual conference with Nobel Peace Prize laureate Prof. Muhammad Yunus and is represented by three members of the Group Management Board: Hiltrud Werner, Integrity and Law, Gunnar Kilian, Human Resources, and An-dreas Renschler, Truck & Bus brand group and CEO of TRATON SE.
Press Release
Volkswagen optimizes traffic flow with quantum computers
Volkswagen is launching in Lisbon the world’s first pilot project for traffic optimization using a quantum computer. For this purpose, Volkswagen is partnering with public transport provider CARRIS to equip MAN-buses with a traffic management system developed in-house. This system uses a D-Wave quantum computer and calculates the fastest route for each of the nine participating buses individually and almost in real-time. This way, passengers’ travel times will be significantly reduced, even during peak traffic periods, and traffic flow will be improved. Volkswagen is testing its system, which was developed jointly with the software specialists Hexad and PTV Group, during the Web-Summit technology conference in Lisbon from November 4 to 8 – during the conference, buses will carry thousands of passengers through the city traffic in Lisbon.
Press Release
Volkswagen increases sales revenue and profit
In the first nine months of the current financial year, the Volkswagen Group continued to perform well in a difficult market environment. Between January and September sales reve-nue grew by 6.9 percent year-on-year to EUR 186.6 (174.6) billion. Operating profit before special items increased significantly by 11.2 percent to EUR 14.8 (13.3) billion, mainly due to improvements in the mix and in the fair value on derivatives. The operating return on sales before special items stood at 7.9 (7.6) percent. Special items, which were due to legal risks in connection with the diesel issue, amounted to EUR -1.3 (-2.4) billion after nine months. Operating profit (after special items) improved by 24.5 percent to EUR 13.5 (10.9) billion, bringing the operating return on sales up to 7.3 (6.2) percent. Profit before tax rose by 16.9 percent to EUR 14.6 billion.
Press Release
Volkswagen plans to make autonomous driving market-ready
Volkswagen AG today announced the foundation of Volkswagen Autonomy GmbH (VWAT GmbH) with headquarters in Munich and Wolfsburg. Another subsidary in Silicon Valley will follow in 2020. A further subsidiary is planned in China in 2021. As a centre of excellence for autonomous driving from Level 4, VWAT will serve to build up know-how within the Group and bring a self-driving system (SDS) to market maturity. The company will be managed by Alexander Hitzinger, Senior Vice President for autonomous driving in the Volkswagen Group and Member of the Volkswagen Brand Board of Management responsible for Technical Development at Volkswagen Commercial Vehicles (VWCV). VWCV in Hanover is the leading brand within the Group for Autonomous Driving, Mobility-as-a-Service (MaaS), and Transport-as-a-Service (TaaS).
Press Release
Volkswagen offers cities cooperation to optimize urban mobility
The Volkswagen Group is showcasing answers for urban trends and challenges at the ITS World Congress in Singapore, the world’s largest event for intelligent transport systems. The presentations focus on the Group’s extensive product and service portfolio of solutions for the problems of urban mobility. The aim is to offer cities tailored collaboration to optimize intelligent mobility concepts and develop new growth markets, for example through e-mobility, micro mobility and electric buses together with new mobility services.
Press ReleaseArchive
Volkswagen Group on course to reduce CO₂ emissions
While the climate package continues to be a political issue in Germany, Volkswagen committed itself to the Paris Climate Agreement some time ago. The Group has set the course for being net CO₂-neutral in 2050 in line with its "goTOzero" environmental mission statement.
Press Release
Volkswagen Group delivers more vehicles in September
In September, the Volkswagen Group delivered 904,200 vehicles to customers throughout the world, corresponding to a significant rise of 9.2 per-cent compared with September 2018. In a shrinking overall global market, the Group continued to significantly expand its market shares. As expected, this development was driven by Europe (+31.0 percent) and Germany (+58.1 percent). Here, deliveries had been at an unusually low level in September 2018 as a result of restricted vehicle availability following the changeover to the new WLTP type approval procedure. In the regions of North America and Asia-Pacific, the Volkswagen Group succeeded in slightly expanding its market shares in shrinking overall markets. In South America, the Group markedly boosted deliveries in contrast to the decreasing overall market and therefore significantly expanded its market share. Dr. Christian Dahlheim, Head of Volkswagen Group Sales: “In the current economic and geopolitical environment, which is tense, our strong brands are once again proving to be especially valuable. They offer our customers security for their purchasing decisions and therefore lay the foundation for the continual expansion of our global market share.”
