Volkswagen Group Components supplies numerous components and parts for the production of the Volkswagen ID.3
Pre-series production of the ID.3 1 has already begun at the Volkswagen plant in Zwickau. The core components for electric cars are developed and produced for the new electric vehicles at the Volkswagen Group Components plants: the electric drive comes from Kassel, the Salzgitter plant supplies its colleagues in Hessen with rotors and stators. The Brunswick plant develops and produces the battery system, further sites deliver castings and other parts.
Ford – Volkswagen expand their global collaboration to advance autonomous driving, electrification and better serve customers
Ford Motor Company and Volkswagen AG announced they are expanding their global alliance to include electric vehicles – and will collaborate with Argo AI to in-troduce autonomous vehicle technology in the U.S. and Europe – positioning both companies to better serve customers while improving their competitiveness and cost and capital efficiencies.
Volkswagen with New Corporate Mission Statement Environment "goTOzero"
The Volkswagen Group is bundling all its measures in environmental protection under the new "goTOzero" environmental mission statement. Oliver Blume, Member of the Group Board of Management responsible for environmental protection, says: "With the new Group Environmental Policy, the Group is giving itself and its stakeholders a clear orientation. Our efforts to improve environmental protection cover the entire product cycle, from development, production and operation to the subsequent recycling of our vehicles and administration. We also involve our suppliers. Only together can we achieve our goals".
Volkswagen Group commits suppliers to sustainability
As of 1st July 2019, the Volkswagen Group will introduce a worldwide Sustainability Rating for its suppliers. This enables the company to assess the sustainability conduct of its business partners in its supply chain with regard to risks relating to human rights, environmental protection and corruption.
Green Computing Performance: Volkswagen opens carbon neutral data center in Norway
19/06/2019The Volkswagen Group moved into a new, climate neutral data center in Rjukan (Norway) today. The facility was set up in just six months in collaboration with the Norwegian partner Green Mountain. The data center will be 100 percent powered by hydropower in the future, thus saving more than 5,800 tons of CO 2 per year compared to a conventionally operated data center. The maximum output of 2,750 kilowatts will be used by the Volkswagen Passenger Cars and AUDI brands for high-performance servers, on which computer-intensive vehicle development projects are processed. These include the simulation of crash tests and virtual wind tunnel tests. The Volkswagen Group focuses on economic and ecological factors in the development of additional computing capacity. Volkswagen already operates a climate neutral data center in Iceland.
Volkswagen with new software unit
18/06/2019Volkswagen AG intends to group more than 5,000 digital experts together in its new “Car.Software” unit with Group responsibility for software in the vehicle by 2025. The company plans to develop significantly more software in the car and for vehicle-related ser-vices itself and to boost the in-house share of software development from the current figure of less than 10 percent to at least 60 percent by 2025. In future, there is to be one uniform software platform with all the basic functions for all vehicles throughout the Group. This will consist of the vehicle operating system “vw.os” and the Volkswagen Automotive Cloud. By 2025, all new Group models are to run on this software platform. The first vehicle based on this software platform will be the ID.3 1, which is to make its world debut at the IAA International Motor Show this year. Currently, more than 20,000 potential customers have registered for the pre-booking of this model.
Volkswagen invests in Northvolt AB
12/06/2019Volkswagen AG is investing some €900 million in joint battery activities with Northvolt AB. Part of the sum is intended for a joint venture with the Swedish battery cell producer, a further share will go directly to Northvolt AB. In return, Volkswagen will acquire about 20 percent of the shares in Northvolt AB and will have one seat on the Board of Directors, subject to approval under antitrust legislation. Furthermore, a 50/50 joint venture to build a 16 GWh battery cell factory in Europe is planned during the course of this year. It is intended to locate the factory in Lower Saxony (Salzgitter) if the preconditions for this are fulfilled. Construction of the production facility is scheduled to start, at the earliest, in 2020. Battery cell production for Volkswagen is slated to commence around the end of 2023/beginning of 2024.
Volkswagen Group brings 2018 to successful close
12/03/2019The Volkswagen Group has brought the 2018 fiscal year to a successful conclusion. Based on sales revenue of EUR 235.8 billion – a rise of EUR 6.3 billion – the operating profit before special items of EUR 17.1 (17.0) billion was on a level with the previous year. At 7.3 percent (7.4 percent), the operating return on sales before special items was at the upper end of the target range set for 2018. The operating profit stood at EUR 13.9 (13.8) billion; as in the previous year, the figure was negatively impacted by special items of EUR 3.2 (3.2) billion in connection with the diesel issue. Net liquidity in the Automobile Division was again robust, at EUR 19.4 (22.4) billion. The Board of Management and the Supervisory Board propose an increase in dividend to EUR 4.80 (3.90) per ordinary share and EUR 4.86 (3.96) per preferred share.
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.
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.