#Brands
The Volkswagen Group is a company of powerful brands whose iconic products meet every mobility need and are broken down into the brand groups of Core, Progressive, Sport Luxury and Trucks. All brands share the very same goal: to develop and offer innovative and sustainable mobility solutions. Here is some additional information on the topic.
117 contents with this tag
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Fiscal year 2024: Audi pushes ahead with transformation and model initiative
The Audi Group delivered a solid performance in the 2024 financial year despite challenging market conditions. In the past twelve months, revenue totaled 64.5 billion euros, operating profit amounted to 3.9 billion euros, and the operating margin was 6 percent. Net cash flow reached 3.1 billion euros. Audi will continue to deliver in 2025 – model by model. By the end of the year, the company will have the youngest product portfolio in its market segments.
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The TRATON GROUP and Applied Intuition announce Strategic Partnership on Vehicle Software
The TRATON GROUP, one of the world’s leading commercial vehicle manufacturers, and Applied Intuition, Inc., a Silicon Valley-based vehicle software supplier, today announced a strategic partnership to deploy industry-leading vehicle software platforms for all TRATON brands — Scania, MAN, International and Volkswagen Truck & Bus. The goal of the partnership is to accelerate TRATON’s technological leadership and enable the company to deliver full software-defined vehicle (SDV) capabilities. Applied Intuition will provide AI-powered software products for vehicles globally, leveraging its software expertise and TRATON’s experience in industrializing software-driven commercial vehicles at scale.
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SEAT S.A. posts record operating profit of 633 million euros in a landscape that demands more flexibility for the future
SEAT S.A. has presented its 2024 financial results and future strategic objectives amid ongoing challenges in the automotive industry. Last year, according to International Financial Reporting Standards (IFRS), operating profit reached a record 633 million euros, which represents a 1.3% increase compared to 2023. Annual turnover grew to a record 14.53 billion euros, 1.4% more than the previous year. Return on sales remains stable at 4.4%. These results reinforce the company’s confidence in the strength of its strategy to meet present and future challenges.
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Škoda Auto’s record-breaking 2024: A strong foundation for the intensifying transformation
2024 was the best financial year in the history of Škoda Auto Group. It achieved a record sales revenue of €27.8 bn (+4.7%) and an operating profit of €2.3 bn (+30.0%). Net cash flow more than doubled, exceeding €2 bn (+116.2%), and return on sales further increased to 8.3%, reflecting the excellent overall financial performance and resilience of the company. These strong results are allowing the company to navigate the upcoming challenges of the intensified transformation from a position of strength. The further improved financial figures are primarily driven by higher sales, favourable mix effects, and beneficial exchange rates, alongside the consistent implementation of the Next Level Efficiency+ programme, with a strong focus on optimising costs. Škoda Auto delivered 926,600 vehicles to customers worldwide last year (+6.9%), with the Octavia remaining the brand’s bestseller (215,700 vehicles; +12.4%).
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Brand Group Core reports solid results for 2024 in a challenging environment
The Volkswagen, Škoda, SEAT/Cupra and Volkswagen Commercial Vehicles brands worked closely together in the last financial year. Jointly optimized processes strengthened the resilience of the Brand Group Core. Despite necessary restructuring – at the Volkswagen brand in particular – the brand group reported a solid operating result of some 7 billion euros in a challenging market environment. The successful implementation of model ramp-ups together with moderate increases in vehicle sales and sales revenue underscore the increased resilience of the brand group in the face of external challenges.
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Brand Experience 2025: Volkswagen brings the spirit of optimism to dealers worldwide
Around 11,000 Volkswagen dealers from all over the world are taking part in the “Brand Experience 2025” in Düsseldorf until the end of March. At the event, they will gain exclusive insights into the measures Volkswagen is taking to regain its strength. In addition to the emotionalization of the brand and the vision of a holistic customer experience, the future model range is the focus of the event. Volkswagen will be presenting more than ten new models for the next three years – from highly efficient vehicles with internal combustion engines to state-of-the-art hybrid and all-electric models.
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Porsche AG records robust results in a challenging environment
Porsche AG ended the 2024 financial year with a robust result in a challenging environment. The sports car manufacturer marked record sales in four out of five regions of the world, as well as strong automotive net cashflow, which almost reached the record levels of 2023.
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TRATON GROUP continued its successful course in 2024: sales revenue rose to €47.5 billion, incoming orders remained stable, adjusted operating return on sales increased to 9.2%
The TRATON GROUP increased its sales revenue in 2024 by 1% to €47.5 billion (2023: €46.9 billion) in a market environment that was difficult at times and despite marginally lower unit sales. A favorable market and product mix and better unit price realization in the industrial business (TRATON Operations) supported the sales revenue. Thanks to the increased portfolio volume, the TRATON Financial Services segment lifted its sales revenue by 22% to €1.9 billion (2023: €1.6 billion).
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Leading by example: SEAT S.A. strengthens its commitment to electrification in 2025
SEAT S.A. embarks on a pivotal year in its electrification journey. The company, which over the last few years has led the Future: Fast Forward project, one of the largest industrial investments in Spanish history together with the Volkswagen Group and other partners, will continue to promote sustainable mobility in 2025 with the aim of turning the country into a hub for electric vehicles in Europe.
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Volkswagen Future Plan: brand gives first glimpse of entry-level electric model at works meeting
At today’s works meeting in Wolfsburg, Thomas Schäfer, CEO of the Volkswagen brand, presented plans for the future of the core brand. Employees also had a first glimpse of the design of the Volkswagen brand’s future entry-level electric model at a price of about €20,000. “With the results of the negotiations in December, we have embarked on the largest future plan in the history of Volkswagen. We are now following an ambitious course with a view to ensuring that we reach the targets we have jointly agreed. This will be a key step in making electro-mobility attractive for everyone – the clear goal of our brand,” said Schäfer. At the same time, the Volkswagen brand CEO emphasized that Wolfsburg would remain the center for innovation and production competence. He said that the main plant would set new standards in automobile production.
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Škoda Auto produces over 925,000 vehicles globally in 2024
In 2024, Škoda Auto manufactured over 925,000 vehicles at its global production facilities, a year-on-year increase of 4.2%. Additionally, the company produced more than 280,000 battery systems for electric and plug-in hybrid vehicles across the Volkswagen Group, over 1 million transmissions and nearly 500,000 engines.
Press Release
Volkswagen merges charging and fueling services under new company
The Volkswagen Group is strengthening its charging and fueling services through the merger of LOGPAY Transport Services GmbH, a subsidiary of Volkswagen Financial Services AG, and the mobility service units of Volkswagen Group Charging GmbH (Elli). This strategic merger lays the foundation for future growth by offering seamless mobility services and an expanded range of solutions to both business and private customers transitioning to e-mobility. The newly established Elli Mobility GmbH, as a result of this merger, will operate as a wholly owned subsidiary of Volkswagen Group Charging GmbH (Elli) starting (expected) in March 2025.
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TRATON with stable sales in 2024 at 334,200 vehicles, despite a difficult market environment
The TRATON GROUP kept unit sales at a stable level in 2024, despite a difficult market environment. According to preliminary data, the four brands Scania, MAN Truck & Bus, International (formerly Navistar), and Volkswagen Truck & Bus sold a total of 334,200 vehicles, a slight year-on-year decline of 1% (338,200).
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1.7 million deliveries in 2024: Audi forges ahead with its model initiative
Audi delivered around 1.7 million vehicles worldwide in 2024. More than 164,000 of those were fully electric models. Reasons for this overall decline of almost 12 percent (8 percent for fully electric models) compared to the previous year included the challenging economic conditions, an intensely competitive market, and limited availability of parts. In addition, the new product portfolio is only gradually having an impact on global sales volumes.
