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 Group delivers 686,900 vehicles in February
In the first two months of the year, the Volkswagen Group delivered 1.5 million vehicles to its customers throughout the world. In February, the Volkswagen Group handed over 686,900 vehicles to its customers. "February shows the different development of markets in the various regions. We are experiencing a tailwind in Central and Eastern Europe as well as North America and were able to increase deliveries by the Group, in some cases significantly, in these regions. On the other hand, deliveries in Germany and the Asia-Pacific region remained below the previous year's level," said Fred Kappler, Head of Group Sales of Volkswagen Aktiengesellschaft, summarizing the figures for February. "However, we expect that we can once again look forward to healthy growth in China this year. Together with our Group brands, we are working on qualitative growth," Kappler added.
Press Release
Statement by Volkswagen AG
The Volkswagen Group comments as follows on the report in the Handelsblatt newspaper concerning the search carried out at the law firm of Jones Day:
Press Release
Digital pioneering work: Volkswagen uses quantum computers
The Volkswagen Group is the world's first automaker to use quantum computers, further expanding its digital competence for the future. In this context, Volkswagen Group IT is cooperating successfully with leading quantum computing company D-Wave Systems on a research project for traffic flow optimization. In the course of this project, IT experts from the Volkswagen labs in San Francisco and Munich have been the first to develop a smart mobility program on the D-Wave quantum computer. Quantum computers can solve highly complex problems many times faster than conventional supercomputers. To date, quantum computing technology has been used primarily by scientific institutes, government agencies, and in the aerospace sector.
Press Release
Geneva International Motor Show: Volkswagen Group brings the future to the present
The Volkswagen Group initiated the biggest transformation process in its history with "TOGETHER – Strategy 2025". The goal: Volkswagen is to become a globally leading provider of sustainable mobility. On the road to the future, the Company is holding fast to its traditional strengths in the classic mode of vehicle manufacturing, but is also defining new priorities. On the eve of the 87th Geneva International Motor Show, the Volkswagen Group presented a further concrete foretaste of how the Company intends to shape its path to tomorrow's world of mobility to some 500 guests.
Press Release
Green light for strategic alliance between Volkswagen Truck & Bus and Navistar
The strategic alliance between Volkswagen Truck & Bus GmbH — which houses the MAN, Scania, Volkswagen Caminhões e Ônibus, and RIO brands — and U.S. commercial vehicle manufacturer Navistar International Corporation has been approved by the authorities responsible. Volkswagen Truck & Bus has acquired a stake of 16.6 percent in Navistar paying USD 15.76 per share. The purchase price is USD 256 million and takes the form of a capital increase.
Press Release
Volkswagen Supervisory Board adopts new Board of Management remuneration system
Volkswagen is restructuring the remuneration of its Board of Management. The new remuneration system includes a share-based remuneration component and is therefore more capital market-oriented. The targets to be met for the variable remuneration components are set on the basis of the TOGETHER 2025 strategy. A lower remuneration cap will be introduced and remuneration levels reduced overall. Volkswagen Aktiengesellschaft's Supervisory Board resolved the new system at its meeting today in Wolfsburg. "The new remuneration system takes its cue from the management board remuneration systems commonly found in DAX companies and meets all of the requirements of the German Corporate Governance Code," explained Hans Dieter Pötsch, Chairman of the Supervisory Board. The Chairman of the Board of Management, Matthias Müller, said: "The Board of Management fully supports the modernization of the remuneration system and has approved a corresponding amendment to the current contracts. We also see the new system as an important building block in the implementation of our TOGETHER 2025 strategy."
Press Release
Volkswagen Group returns to profitability: New record for sales revenue and operating result in 2016
The Volkswagen Group is making good progress with overcoming the diesel crisis. In 2016, the Company's operating business presented a very robust performance even though earnings were impacted once again by negative special items. Before special items, the Group exceeded its original forecasts. Sales revenue in fiscal year 2016 rose by EUR 4.0 billion to EUR 217.3 billion. At EUR 7.1 billion, the Group's operating result, which had slipped into the red in the previous year due to the diesel issue, was back in strongly positive territory. Before special items, the Group's operating result reached a new record and at EUR 14.6 billion was substantially higher than the prior-year figure (up 14 percent); the operating return on sales rose to 6.7 (6.0) percent.
Press Release
Volkswagen Group delivers 813,700 vehicles in January
In January, the Volkswagen Group handed over 813,700 vehicles to customers worldwide. "Following strong growth last year, special effects in China affected deliveries at the beginning of the year. Especially the early date of the Chinese New Year, the increase in tax on vehicles with small engines and temporary restraint in planning on the part of Audi dealers had an impact on the sales results for January. However, we expect to continue healthy growth in China this year," said Fred Kappler, Head of Group Sales of Volkswagen Aktiengesellschaft, commenting on the figures for January. "Outside China, the Group recorded solid growth of 4.9 percent in its worldwide markets," Kappler added.
Press Release
Volkswagen is Partner of the Sino-German Cultural Program 2017
Its time to celebrate: 45 years ago Germany and China moved to establish diplomatic relations. To commemorate this anniversary the Chinese embassy in Germany has worked closely with German partners and cultural institutions to create a festival featuring music, theater, dance and film as well as contemporary art, literature and philosophy. Altogether 150 exciting events will span this special year, made possible by more than 40 different projects and partnerships. As the main partner Volkswagen Group will sponsor an array of individual events, dedicated to expanding the cultural exchange between the two countries.
Press Release
Dr. Christine Hohmann-Dennhardt to leave the Volkswagen Group Board of Management by mutual agreement – Hiltrud Werner appointed as successor
Dr. Christine Hohmann-Dennhardt is to leave the Volkswagen Group Board of Management by mutual agreement effective January 31, 2017, following the conclusion of comprehensive settlements with the U.S. authorities in connection with the diesel issue. The Supervisory Board thanks Dr. Hohmann-Dennhardt for contributing her outstanding expertise and experience to achieving important milestones, and for supporting the Group in revising its internal guidelines and procedures.