Volkswagen Group reports solid earnings in period to September
The Volkswagen Group generated an operating profit before special items of €11.3 (10.2) billion in the first nine months of the year, representing an increase of 10.5%. The sales revenue of €159.9 billion was on a level with the previous year and the operating return on sales before special items amounted to 7.0 (6.4)%. However, earnings in the third quarter were impacted by further provisions recognized in connection with the diesel issue of €0.4 billion. For the period January to September, operating profit after special items amounted to €8.6 (3.3) billion. Profit after tax was €5.9 (4.0) billion.
"The figures for the first three quarters show the operational strength of the alliance of brands in the Volkswagen Group", said Matthias Müller, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, commenting on the quarterly report. "This is a robust base on which we intend to push forward with our planned transformation from car manufacturer to provider of sustainable mobility. In 'TOGETHER – Strategy 2025', we have laid out a compelling plan for this transition. As our future program and the latest quarterly results prove, the Volkswagen Group remains fully operational in spite of the present pressures."
Volkswagen obtains final approval of 2.0L TDI settlement program in the United States
26/10/2016Volkswagen AG, Volkswagen Group of America, Inc. and certain affiliates (together, Volkswagen) announced today that Judge Charles R. Breyer of the United States District Court for the Northern District of California has granted final approval to the settlement agreement between Volkswagen and private plaintiffs represented by a Court-appointed Plaintiffs' Steering Committee (PSC) to resolve civil claims regarding eligible Volkswagen and Audi 2.0L TDI vehicles in the United States.
Inaugural meeting of Sustainability Council – Volkswagen Group makes multi-million euro proactive fund available for projects
25/10/2016Recently appointed by the Volkswagen Group, the Sustainability Council made up of members from several nations set the agenda for its work at its inaugural meeting today.
Volkswagen Group intends to shape digital change together with partners from the supply industry
20/10/2016Members of the Boards of Management of the Volkswagen Group and brand visited selected partners in the FAST (Future Automotive Supply Track) initiative at the International Suppliers Fair (IZB).
Volkswagen Group Italia: action plan for Diesel EU5 Type EA189 engines
07/10/2015The web-process which allows the Customers to check whether their vehicle will be involved in the service action to correct the nitrogen oxides (NOx) emissions characteristics on EU5 Type EA 189 Diesel engines or not, has been released.
Matthias Müller appointed CEO of the Volkswagen Group
25/09/2015Volkswagen Group Matthias Müller appointed CEO of the Volkswagen Group Matthias Müller (62) has been appointed CEO of Volkswagen AG with immediate effect.