#Strategy

Drawing on the company’s Strategy 2030, the Volkswagen Group is preparing to face global changes in mobility and is pressing forward with its transformation into a software-oriented company.

41 contents with this tag
Press Release
Start of collective bargaining round: Volkswagen rejects IG Metall demands and calls for cost reductions
The collective bargaining committees of Volkswagen AG and the Lower Saxony and Saxony-Anhalt branches of IG Metall today started discussions in the 2024 collective bargaining round in Hanover. The parties to the collective bargaining agreement had agreed previously to bring forward the start of the collective bargaining round originally planned for the end of October by one month. Due to the current economic challenges, Volkswagen AG felt compelled to add matters other than the IG Metall pay demand to the negotiations in the collective bargaining round and, for the first time, to terminate collective agreements effective December 31, 2024. These include the safeguards for production sites and jobs, the hiring of trainees and dual students, the application of the Tarif Plus bracket and all collective agreements on the deployment of temporary workers.
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Article
Management change in the finance department of the Core brand group
With effect from October 1, 2024, there will be a change on the Board of Management of the Volkswagen Passenger Cars brand and on the Board of Management of SEAT S.A. Patrik A. Mayer will take over from David Powels as Executive Vice-President for Finance and IT at SEAT S.A., while David Powels will take over the responsibilities of Patrik A. Mayer.
Graphic titled "BRAND GROUP CORE" featuring an abstract, wavy turquoise line on a dark blue background with logos of Volkswagen, Škoda, SEAT, and Cupra in the top left corner.
Article
A change in the Audi Board of Management: Marco Schubert takes over Sales and Marketing from Hildegard Wortmann
Marco Schubert is returning to Audi after three years and becoming the new Member of the Board of Management for Sales and Marketing. The Supervisory Board of Audi made this decision on August 30, 2024. Schubert succeeds Hildegard Wortmann, who is leaving the Audi Board of Management on August 31, after five years at her own wish and by harmonious mutual agreement. At the same time, Wortmann will leave her role in the Extended Executive Committee of Volkswagen Group.
Marco Schubert
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Sustainability
Moving you. Moving forward.
A man and a child stand outside a car, looking at mountains, captured from inside the car through the open panoramic roof.
Press Release
Volkswagen Group with solid performance in a demanding environment for the first half of 2024
Outlook for 2024 Confirmed. The Volkswagen Group expects the sales revenue to exceed the previous year’s figure by up to 5% in 2024. The operating return on sales for the Volkswagen Group and the Passenger Cars Business Area is likely to be between 6.5% and 7%.
Cover image of the Volkswagen semi-annual financial report for January - June 2024 featuring a wavy blue design, released on August 1, 2024, in Wolfsburg.
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About Us
The Volkswagen Group, headquartered in Wolfsburg, is one of the world's leading manufacturers of automobiles and commercial vehicles and the largest carmaker in Europe. With our brands, business units and financial services, we are shaping the zero-emission and autonomous future of mobility. From the company profile and corporate principles to the history - here you will find the most important information about the Volkswagen Group.
Key Visuals
Press Release
Volkswagen Group deliveries in the first half of the year at previous year's level
Infographic of Volkswagen Group deliveries in the first half of 2024, breakdown by regions and vehicle types.
Article
Porsche delivers 155,945 vehicles in the first half of the year
In the year of product launches, Porsche maintains stable sales in the first half of 2024: a total of 155,945 vehicles were handed over to customers worldwide between January and June.
Colored Porsche Logo
Press Release
HW Vassen appointed Chief Technology Officer of PowerCo SE
HW Vassen will take over as the new Chief Technology Officer and Member of the Board of Management of PowerCo SE from August 1, 2024. This decision was approved today by the Supervisory Board of PowerCo SE. As Head of Series Development, Vassen has already played a decisive role in the development of PowerCo’s unified cell, which will go into mass production from 2025. As Chief Technology Officer, he will be responsible for technology and product development as well as testing and analytics at PowerCo SE. He succeeds Soonho Ahn, who is stepping down at his own request at the end of July and will be available to the Volkswagen Group as an advisor in the future.
Portrait of HW Vassen in a suit and shirt looking directly at the camera, with a blurred office background
Press Release
Volkswagen shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on dividend for 2023
At the Annual General Meeting of Volkswagen AG, the shareholders followed the proposal of the Board of Management and Supervisory Board and resolved by a majority of 99,99 % to pay an increased dividend of EUR 9.00 per ordinary share and EUR 9.06 per preference share for the 2023 financial year. This corresponds to a payout ratio of 28 per cent and an increase of EUR 0.30 per share. Volkswagen AG is distributing a total of EUR 4.5 billion to its shareholders for the 2023 financial year.
Group photo of eight people in suits on stage at the 64th ordinary general meeting of Volkswagen Aktiengesellschaft.
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Group
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.
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Beijing Auto Show 2024
The Beijing Auto Show took place from April 25 to May 5. At its Media Night on April 24, the Volkswagen Group presented product highlights and progress in its "in China for China" strategy.
Press Release
Volkswagen Group takes the offensive in China by strengthening tech capabilities and reducing costs
Volkswagen launches the next phase of its transformation in China. At its China Capital Markets Day in Beijing, Volkswagen Group presented its strategy update for the Chinese market. The focus is on its target to strengthen tech capabilities and reduce costs in the strongly growing market. The Group plans to achieve cost parity with local competition in the compact car segment by 2026 and gain further momentum through a re-aligned strategy and an efficiency program that was launched already. In addition, the company underlined its commitment to its “in China, for China” strategy: It presented measures to cater even better to the needs of Chinese customers, accelerate model developments and time-to-market as well as significantly reduce costs. In addition, the aim is to better harness the innovative power of the market and increase local value creation through more in-house development capabilities and strong local partnerships. As a result, the Group aims to strengthen its position as the #1 international OEM in the Chinese market and has set ambitious targets until 2030: Approximately 4 million vehicles sold and growth in proportionate operating result to around EUR 3.0 billion, including the fully consolidated Anhui joint venture.
Man presenting on stage in front of a background with the text 'IT'S ALL ABOUT EXECUTION' at a Volkswagen event.
Article
Smart vehicles at ‘China speed’: Volkswagen develops high-performance E/E architecture for electric vehicles in China with XPENG
The Volkswagen Group is stepping up the pace of innovation ‘in China, for China’ and systematically driving forward the digitalisation of its model portfolio. Together with XPENG, Volkswagen is introducing the China Electrical Architecture (CEA), a zonal Electrical/Electronic (E/E) architecture. Jointly developed by experts from XPENG, Volkswagen China Technology Company (VCTC) and CARIAD China, the CEA will ensure the rapid expansion of digital services in the Volkswagen brand’s China-specific vehicles. Advanced features such as autonomous driving can be seamlessly integrated and continuously updated and extended 'over the air' (‘OTA’). At the same time, thanks to the zonal structure, the number of electronic control units in previous systems can be reduced by up to 30 per cent. As a result, the zonal E/E architecture will be cost competitive with local offerings. The new digital network is envisaged to be used in locally produced VW brand electric vehicles from 2026. The move will strengthen Volkswagen’s ‘electric offensive’ and mark the latest decisive step as one of the industry leaders in the age of intelligent connected vehicles (ICV).
Graphic representation of the new electrical architecture for Volkswagen in China, highlighting central computers and zones.
The specified fuel consumption and emission data does not refer to a single vehicle and is not part of the offer but is only intended for comparison between different types of vehicles. Additional equipment and accessories (additional components, tyre formats, etc.) can alter relevant vehicle parameters such as weight, rolling resistance and aerodynamics, affecting the vehicle's fuel consumption, power consumption, CO2 emissions and driving performance values in addition to weather and traffic conditions and individual driving behavior. Further information on official fuel consumption data and official specific CO2 emissions for new passenger cars can be found in the "Guide to fuel economy, CO2 emissions and power consumption for new passenger car models", which is available free of charge from all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, Germany and at www.dat.de/co2.