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
Supervisory Board and Board of Management take important decisions for future of Volkswagen Group
The Supervisory Board and Board of Management of Volkswagen AG took important decisions for the future of the Volkswagen Group today. As part of its electrification offensive the Volkswagen Group is to move forward with setting up a battery cell production facility in Europe under a partnership. To that end, the Supervisory Board approved investments of just under one billion euros at today’s meeting. It is planned to locate a battery cell production facility in Lower Saxony (Salzgitter). It was also decided to begin concrete negotiations on the planned new multibrand plant in Europe with the remaining potential locations. In addition, the Supervisory Board requested the Board of Management to start the process to develop a forward-looking, industrially meaningful solution for MAN Energy Solutions (ES) and RENK AG. The focus lies on opening future-oriented growth perspectives for mechanical engineering in the Group, for example though a joint venture, partnerships, or a full or partial sale. Furthermore, it was decided to prepare an IPO of TRATON SE to be launched before the 2019 summer break, subject to further market developments.
Press Release
Annual General Meeting of Volkswagen AG has neutral carbon footprint
Press Release
Successful first quarter of 2019: TRATON SE begins the year with a plus in profits of 22%
TRATON SE is off to a strong start in 2019. During the first quarter of 2019, the TRATON GROUP increased its operating profit by 21.9% compared with the prior-year quarter to €470 million. All three brands MAN, Scania, and Volkswagen Caminhões e Ônibus contributed to this positive result. Sales revenue rose by 6.0% year-on-year to €6.4 billion across all brands. During the first three months of 2019, the TRATON GROUP sold 57,160 vehicles worldwide, up 7.4% against the prior-year figure. This growth was primarily supported by the continued favorable development of the core markets of Europe and Brazil.
Press Release
The Volkswagen Group boosts sales revenue and earnings in the first quarter
The Volkswagen Group confirms full-year targets for deliveries to customers, sales revenue and operating profit before special items. Sales revenue of the Volkswagen Group rose 3.1 percent year-on-year to EUR 60.0 billion in the first three months of the current fiscal year. The rise, which occurred despite the decline in volumes of deliveries to customers, was mainly the result of mix improvements and the healthy business performance in the Finan-cial Services Division. At EUR 11.7 (11.6) billion, operating profit was in line with the previ-ous year. Operating profit before special items increased by EUR 0.6 billion to EUR 4.8 billion. The operating return on sales before special items rose to 8.1 (7.2) percent. Positive effects arising from the fair value measurement of gains and losses on certain de-rivatives, improvements in the mix and price positioning and the favorable exchange rate trend more than offset the rise in fixed costs and lower vehicle sales. Negative special items arising from legal risks in the amount of one billion euros reduced operating profit, which declined year-on-year by EUR 0.3 billion to EUR 3.9 billion. The share of profits or losses of equity-accounted investments and the share of profits and losses of the Chinese joint ven-tures included in that amount were on a par with the previous year at EUR 800 million. Profit before tax was down on the prior-year period, at EUR 4.1 (4.5) billion. Net liquidity in the Automotive Division amounted to EUR 16.0 billion.
Press Release
Electric Vehicles with Lowest CO₂ Emissions
For the same vehicle models with different powertrains, the carbon footprint of the battery-powered E variants is already better than those of the corresponding vehicles with internal combustion engines. In addition, the electric vehicles offer a higher CO₂-saving potential in all phases of the product cycle. Furthermore, it is of crucial importance for CO₂ emissions whether the propulsion energy is generated from fossil or regenerative sources. This is the result of a certified life cycle assessment (LCA) of the Volkswagen Golf, which compares the CO₂ emissions of the different vehicle versions with either an electric or an internal combustion engine.
Press Release
From mine to factory: Volkswagen makes supply chain transparent with blockchain
Optimizing supply chains, eliminating sources of error, guaranteeing social and ecological standards – these are the goals of the collaboration between the Volkswagen Group and Minespider. Together with the blockchain specialist, a pilot project is to be set up to achieve transparency in the the global supply chain for lead. Blockchain technology makes it possible to trace the raw material back to the point of origin by means of digital certificates. The Volkswagen Group plans to use this technology for further raw materials and their supply chains.
Press Release
Volkswagen Group Joins Responsible Sourcing Network
Press Release
China plays key role in Volkswagen Group’s e-mobility strategy
China will play a key role in the Volkswagen group’s global transformation and its accompanying decarbonization program. Thus, this year will see an intensified roll-out of new energy models. Volkswagen Group China aims to produce more than half of the group’s global objective of 22 million BEVs by 2028. To speed up its e-offensive, it will also launch a new joint venture in charging infrastructure. All this will lay the foundation for wide acceptance of e-mobility. Meanwhile, in the area of future technologies, Volkswagen Group China is combining its research power, with Volkswagen brand, Audi and Group R&D working together within the new ONE R&D structure.
Press Release
Volkswagen launches model offensive in China
Volkswagen plans an extensive model offensive in China. The brand will have doubled its SUV range by 2020. Volkswagen announced during the Auto Shanghai 2019, that the share of SUVs is expected to rise to up to 40 per cent. It is targeting the tradiotional part as well as the growing e-mobility sector. The Volkswagen brand presented five new SUV, four of them as world premieres. SAIC VOLKSWAGEN showed the T-Cross and the soon to be launched Teramont X, FAW-VW the SUV Coupé Concept and SMV Concept. Besides the four models of the joint ventures the latest member of the ID. Family celebrated its world premiere: the ID. ROOMZZ.
Press Release
Volkswagen Group wins further market shares
The Volkswagen Group handed over 998,900 vehicles to customers worldwide in March, corresponding to a fall of 4.3 percent compared with March 2018. In Europe (+0.6 percent) and North America (+3.7 percent), more customers took delivery of a vehicle from one of the Group brands than in the same month last year. However, this could not compensate for lower deliveries in the Asia-Pacific region (-9.9 percent) and South America (-10.2 percent). Dr. Christian Dahlheim, Head of Volkswagen Group Sales, commented: “As was the case in the first two months of the year, the Volkswagen Group again performed better than the global market in March and won further market shares. This confirms the great appeal of our brands and their products. We ended what was, as expected, a challenging first quarter with deliveries exceeding 2.6 million vehicles and high order backlogs, and are somewhat more optimistic, particularly as regards the second half of the year.”