#Brands

The Brand Group Core (BGC) closed the first nine months of 2026 with an operating result of 4.33 billion euros, compared with 4.72 billion euros in the previous year. The operating margin therefore declined from 4.4% to 4.1%.

Following a slow start to the year, the TRATON GROUP increased unit sales, sales revenue, and adjusted operating result in the first nine months of 2026. Sales revenue rose by 3% year-over-year to €33.3 billion (9M 2025: €32.3 billion). Higher vehicle sales and growth in the Vehicle Services business had a positive impact. The Vehicle Services business grew by 4% year-over-year, while TRATON Financial Services increased its sales revenue by 19%, driven by further portfolio growth. Adjusted operating result increased by 13% to €2.3 billion (9M 2025: €2.0 billion), mainly driven by higher earnings contributions from the Vehicle Services business and TRATON Financial Services as well as favorable volume, pricing, and product mix effects. Higher tariff and raw material costs had an offsetting effect. The Group’s adjusted operating return on sales improved by 0.6 percentage points to 6.9% (9M 2025: 6.3%).

Audi is taking a major step in its global growth strategy with plans to establish its first U.S. production site in Georgia. The company intends to invest around $4 billion and create approximately 4,500 jobs. Construction of the plant, designed for an annual production capacity of up to 200,000 vehicles, is scheduled to begin in 2027, with production planned to start in the early 2030s. With premium SUVs tailored to North American customers and manufactured locally, Audi aims to unlock significant growth potential in one of the world’s most important premium markets. The planned investment intends to mark a long-term commitment to the United States and to establish North America as a third major pillar of Audi's global production network alongside Europe and China.

Under the theme “For Europe”, the Volkswagen Group demonstrated on the day before the opening of the Paris Motor Show how Europe’s industrial strength can be translated into competitive products, technologies and value creation. At the Palais de Tokyo, the focus was on the Electric Urban Car Family, the consistent use of Group synergies and close cooperation between business and policymakers. The shared message: Europe has industrial substance, technical expertise and innovative strength. The key is to combine and scale these strengths more quickly and industrialize them in Europe.

The Electric Urban Car Family (EUCF) is celebrating a milestone at this year's Paris Motor Show: For the first time, all four models will be presented together. The CUPRA Raval, Volkswagen ID. Polo, Škoda Epiq and Volkswagen ID. Cross. Together, they demonstrate how a project idea within the Brand Group Core has evolved into a comprehensive product portfolio for Europe based on the MEB+ Platform, a portfolio that is already in high demand among customers even before deliveries have begun.

With the Electric Urban Car Family, Volkswagen Group Design demonstrates how the strength of a multi-brand group can be combined with clearly differentiated brand identities. Built on a common technology platform, the Volkswagen ID. Polo and ID. Cross, the CUPRA Raval and the Škoda Epiq share more than 80% of their components while embodying the individual character and distinctive design language of their brands. Paris also marks Andreas Mindt’s first appearance in his role as Head of Volkswagen Group Design. Together with his team, he sets the strategic framework for the Group brands, ensuring that each brand retains a distinctive identity in terms of design, character and customer experience: “Our task at Volkswagen Group Design is to create the conditions for strong and distinctive brands. We leverage the Group’s scale, expertise and synergies wherever it makes sense, while strengthening what makes each brand unique. The Electric Urban Car Family brings this approach to life.”

Volkswagen presents the new ID. Tiguan, one of the brand’s most important electric models for the years ahead. The new all-round SUV in the high-volume mid-size class succeeds the ID.4 and ID.5 models. The ID. Tiguan’s hallmark feature is its completely redesigned exterior, which gives it the appearance of a vehicle from the next class up. And this impression continues seamlessly into the strikingly high-quality interior: the materials used have resulted in a huge leap forwards in terms of quality, complemented by the newly developed, intuitive cockpit landscape. For the first time, the new SUV will be available with a co-driver display. The electrically powered ID. Tiguan will be launched as early as the beginning of 2027 – in parallel to the current Tiguan with petrol, diesel and hybrid drives.

Volkswagen Group, PowerCo SE and Gotion High-tech have agreed to deepen their strategic partnership and jointly accelerate the development of a regional battery supply chain for Europe. Building on their cooperation since 2020, the partners agreed on establishing three joint ventures at the Valencia (Spain), Šurany (Slovak Republic) and Kenitra (Morocco) sites for the industrial production of LFP battery cells and cathode material. The agreement also covers joint procurement and sales activities in Europe. Separately, Volkswagen Group has announced that it has entered into definitive agreements to sell 5.3 % equity stake in Gotion to optimize equity structures and support long-term strategic synergies. Upon completion of the transaction, Volkswagen will continue to hold a significant stake in Gotion.

The Group comprises ten brands from five European countries: Volkswagen, Volkswagen Commercial Vehicles, ŠKODA, SEAT, CUPRA, Audi, Lamborghini, Bentley, Porsche and Ducati. In addition, the Volkswagen Group offers a wide range of further brands and business units including financial services. Volkswagen Financial Services comprises dealer and customer financing, leasing, banking and insurance activities, and fleet management.

Porsche is advancing the recovery of valuable raw materials and their reuse in new batteries through a collaboration focused on high-voltage battery recycling. As part of the pilot project, battery cathode active material has now been produced for the first time from 100% recycled raw materials.

With the new Mission Efficiency, Volkswagen is presenting the world's most efficient near-production electric car. The prototype has set three world records. They stand for exemplary aerodynamics and excellent ideal and real fuel consumption. The vehicle is a beacon of technology and at the same time demonstrates the performance of Volkswagen's production technology.

Group Technology is made up of the four divisions Battery, Charging & Energy, Components and Platform Business.

Employment and site protection until 2035 and investments totaling a cumulative 2.1 billion euros in the Zuffenhausen and Weissach sites: these are the central cornerstones of Porsche AG’s Future Package, which the Executive Board and the General Works Council have negotiated – together with IG Metall and the Südwestmetall employers’ association.

The Brand Group Core (BGC), the organizational entity combining the volume brands of the Volkswagen Group, recorded an operating result of 3.61 billion euros in the first half of 2026, 4.5 percent more than in the corresponding prior-year period. Year-on-year, the operating margin improved slightly to 4.9 percent.