Volkswagen Group to expand production of electric vehicles worldwide on a massive scale
The Volkswagen Group is driving forward with the transformation to e-mobility. 16 locations around the globe are to produce battery powered vehicles by the end of 2022. This was announced by Matthias Müller, CEO of Volkswagen AG, at the Group's Annual Media Conference in Berlin. The Group currently produces electric vehicles at three locations, and in two years' time a further nine Group plants are scheduled to be equipped for this purpose. To ensure adequate battery capacity for the massive expansion of environmentally-friendly electric mobility, partnerships with battery manufacturers for Europe and China have already been agreed. The contracts already awarded have a total volume of around EUR 20 billion. A supplier decision for North America will be taken shortly.
Volkswagen Group Media Night Geneve 2018
Müller: "We are rethinking all facets of urban mobility with ‘Futures of Mobility.'"
For the Volkswagen Group, e- mobility, autonomous driving, digital networking of all road users and new mobility services are key levers for making mobility in cities more efficient, cleaner and more livable. The Group will be investing more than €34 billion in these future technologies by 2022. "We want to redefine urban mobility, and to that end we are systematically focusing on people and their needs , and not primarily on technology", the Volkswagen Group CEO, Matthias Müller, said at the traditional Group Media Night on the eve of the Geneva International Motor Show.
Volkswagen Group realigns energy supplies: company power stations to change over from coal to gas
The Volkswagen Group is taking another key step towards significantly reducing environmental impact and is moving away from coal. The Group Board of Management has decided that the Group's two major power stations in Wolfsburg are to be thoroughly modernized and changed over from hard coal to natural gas firing. In the course of this project, several new combined-cycle systems are to be installed as replacements for the existing coal-fired boilers. About €400 million is to be invested in this project and the new facilities are to be commissioned between 2021 and 2022.
Mobility for all – at the touch of a button: Volkswagen Group presents the latest version of SEDRIC
05/03/2018One year after the world premiere of SEDRIC 1 at the International Geneva Motor Show in 2017, the Volkswagen Group presents the latest version of its mobility concept for fully autonomous driving – the SEDRIC School Bus – at the Volkswagen Group Night Geneva – Shaping the Future. Urban Mobility. The company underscores the importance of SEDRIC (Self DRIving Car) as the cross-brand ideas platform for sustainable, safe, convenient mobility at the touch of a button foreveryone with the exterior and interior styling in the School Bus design.
Volkswagen Group provides active support for use of electric cars: 50 e-Golf vehicles handed over in Hamburg
22/02/2018In Hamburg, 50 members of the public, entrepreneurs and employees of authorities will benefit from e-mobility from today onwards. The Volkswagen Group has handed over 50 e-Golf 1 cars. Over the next three years, they are expected to drive around 1,5 million kilometers through Hamburg with the environmentally compatible e-Golf silently and with zero emissions. The initiative is part of the partnership between the Volkswagen Group and the City of Hamburg. Through this initiative, the Group is also making a contribution to the nationwide penetration of e-mobility in Germany.
Volkswagen Group assumes pioneering role in rapid road safety improvement
16/02/2018From 2019 onwards, the brands of the Volkswagen Group are to use the WLANp standard, which has already been comprehensively tested, for communications among vehicles and between vehicles and their environment. The introduction of this technology as standard equipment on volume models ranging from compact cars to commercial vehicles will significantly improve safety on the roads of Europe.
Systematic implementation of the strategy is paying off – record earnings for the Volkswagen Group in 2017
23/02/2018The Volkswagen Group brought fiscal year 2017 to a successful conclusion, generating significantly higher sales revenue than in the year before. The Group also improved nearly all of its financial key performance indicators amid challenging conditions. Particularly the delivery record of 10.7 million vehicles lifted Group sales revenue by 6.2 percent year-on-year to EUR 230.7 billion. Special items attributable to the diesel issue once again reduced operating profit, which nevertheless rose by EUR 6.7 billion to EUR 13.8 billion. The Volkswagen Group expects to moderately exceed its latest record delivery figures in the current fiscal year.
Volkswagen Group Italia launches: VGI Welcare
19/10/2017Volkswagen Group Italia, subsidiary of the German car maker introduces a broad welfare program, named VGI Welcare, aiming to support the employees in balancing their professional and family needs. For the first time they are given the opportunity – on a voluntary basis – to totally or partly transform the productivity bonus in a wide range of goods or services without any fiscal charge. Also their spouse, children, parents, parents-in-law, sons- and daughters-in-law, brothers and sisters can benefit from it, even if they are not dependent or cohabitant. VGI Welcare has three fields of application: education and assistance, health and social services, culture and entertainment.The extension of the healthcare policy to the household is a further innovation introduced in 2017.
Matthias Müller: We have launched the biggest change process in Volkswagen’s history
22/06/2016Matthias Müller, the CEO of Volkswagen Aktiengesellschaft, presented “TOGETHER – Strategy 2025”, the Company's vision for the next decade, to approximately 3,000 shareholders at the 56th Annual General Meeting in Hanover in Hall 3 of Messe Hannover.