Annual General Meeting: The Volkswagen Group is stepping up the pace of its transformation
After a very successful year in 2017 and a strong start to the current year, the Volkswagen Group is stepping up the pace of its comprehensive realignment under the leadership of its new CEO, Dr. Herbert Diess. “The Volkswagen Group is in robust shape in both operational and financial terms. Our strategy is gaining traction. We are systematically tackling the major automotive issues of the future. However, the longest part of our journey still lies ahead. The crucial years in our transformation have yet to come,” Diess said at the Annual General Meeting of Volkswagen Aktiengesellschaft in Berlin. As the speed of change in the auto industry continues to accelerate, the Volkswagen Group’s realignment based on Strategy 2025 must gather even greater momentum, Diess added. This is particularly the case for the cultural change at Volkswagen, which the new CEO believes is crucial for future corporate success. “In this regard, Volkswagen has to become more honest, more open, and more truthful. In other words: an upstanding corporate citizen,” the CEO underlined.
Volkswagen at CEBIT: digital know-how, the future of mobility and a world premiere
Connected vehicles, autonomous driving, digital automobile design, quantum computing, artificial intelligence within the company, blockchain technology, virtual reality configuration, ride sharing, live user experience and a world premiere – the Volkswagen Group is making CEBIT 2018 an innovation festival. At the trade fair which is being held in Hanover from June 11 to 15, 2018, the Group will be more prominent than ever before. At the Volkswagen Group stand, digitalization and IT experts will give visitors a comprehensive glimpse of the future of mobility and the Group’s latest digital technologies.
Volkswagen Group accelerates its efforts to deliver advanced People’s Mobility solutions in China
At the Volkswagen Group Media Event, held on the eve of the 2018 Beijing International Automotive Exhibition, Volkswagen Group demonstrated the company’s commitment to delivering outstanding People’s Mobility solutions to Chinese consumers. The company outlined its vision to be a leading player in a new era of smart, people-oriented, sustainable mobility solutions. To support this goal, through 2022, Volkswagen Group and its joint-venture partners will be making around 15 billion euros available for e-mobility, autonomous driving, digitalization and new mobility services. Ten auto models were unveiled at the event.
Volkswagen Group soon to have autonomous parking ready for series vehicles
16/04/2018Using what is to date unique technology, the Volkswagen Group is currently testing autonomous parking at Hamburg Airport: based on a car park map the Volkswagen, Audi and Porsche vehicles navigate their way to a parking space on their own. Orientation is provided for them by simple pictorial markers installed in the multi-storey car park. Its advantage: this can be used in essentially any car park. The function is set to be available for the first customers in selected multi-storey car parks from the start of the next decade.
Volkswagen Group paves the way for capital market readiness at Volkswagen Truck and Bus
12/04/2018Just about three years after the formation of Volkswagen Truck & Bus, the Volkswagen Group has taken an important step to prepare the company for its capital market readiness. Capital market readiness opens up a wide range of opportunities for the Group's sustainable further development on its way to becoming a Global Champion.
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.
Extensive revision of Volkswagen Group management structure decided
12/04/2018The Board of Management and Supervisory Board of Volkswagen Aktiengesellschaft have resolved to extensively revise the Group’s management structure. Volkswagen is thus systematically continuing to transform its business and establishing even more efficient Group management in a phase of highly dynamic change in the Company and the entire automotive industry. In order to sustainably implement the new structure, there will be a number of changes on the Board of Management. Matthias Müller steps down as Chairman of the Board of Management by mutual agreement, effective immediately. At its meeting on Thursday, the Supervisory Board appointed Dr. Herbert Diess as his successor.
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.
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.