Worldwide Volkswagen Group Accompanies International Biodiversity Day with Initiatives for Species Conservation
On the occasion of the International Biodiversity Day on 22 May 2019, Volkswagen is calling on all corporate brands and locations to provide support to nature conservation projects and especially conserve insects under the motto "Biodiversity as a livelihood".
Background: Volkswagen Group’s battery strategy
The Group’s battery strategy is a key component of the electrification offensive
The Volkswagen Group continues to drive the paradigm shift in individual mobility and is gearing its activities systematically to the electric drive. It will launch almost 70 new electric models on the market in the next ten years. The projected number of vehicles on the Group’s e-platforms is around 22 million.
Supervisory Board and Board of Management take important decisions for future of Volkswagen Group
The Supervisory Board and Board of Management of Volkswagen AG took important decisions for the future of the Volkswagen Group. As part of its electrification offensive the Volkswagen Group is to move forward with setting up a battery cell production facility in Europe under a partnership. To that end, the Supervisory Board approved investments of just under one billion euros. It is planned to locate a battery cell production facility in Lower Saxony (Salzgitter). It was also decided to begin concrete negotiations on the planned new multibrand plant in Europe with the remaining potential locations. In addition, the Supervisory Board requested the Board of Management to start the process to develop a forward-looking, industrially meaningful solution for MAN Energy Solutions (ES) and RENK AG. The focus lies on opening future-oriented growth perspectives for mechanical engineering in the Group, for example though a joint venture, partnerships, or a full or partial sale. Furthermore, it was decided to prepare an IPO of TRATON SE to be launched before the 2019 summer break, subject to further market developments.
Electric Vehicles with Lowest CO2 Emissions
For the same vehicle models with different powertrains, the carbon footprint of the battery-powered E variants is already better than those of the corresponding vehicles with internal combustion engines. In addition, the electric vehicles offer a higher CO 2-saving potential in all phases of the product cycle. Furthermore, it is of crucial importance for CO 2 emissions whether the propulsion energy is generated from fossil or regenerative sources. This is the result of a certified life cycle assessment (LCA) of the Volkswagen Golf, which compares the CO 2 emissions of the different vehicle versions with either an electric or an internal combustion engine.
Volkswagen Group Joins Responsible Sourcing Network
Blockchain technology complements both current assessment and audit procedures as well as supports responsible sourcing standards developed by the Organization for Economic Cooperation and Development (OECD), enabling a permanent record to help address compliance requirements. Traditionally, miners, smelters and consumer brands had to rely on third-party audits and laborious manual processes to establish compliance with generally accepted industry standards.
Volkswagen launches model offensive in China
Volkswagen plans an extensive model offensive in China. The brand will have doubled its SUV range by 2020. Volkswagen announced during the Auto Shanghai 2019, that the share of SUVs is expected to rise to up to 40 per cent. It is targeting the tradiotional part as well as the growing e-mobility sector. The Volkswagen brand presented five new SUV, four of them as world premieres. SAIC VOLKSWAGEN showed the T-Cross 2 and the soon to be launched Teramont X 1, FAW-VW the SUV Coupé Concept 1 and SMV Concept 1. Besides the four models of the joint ventures the latest member of the ID. Family celebrated its world premiere: the ID. ROOMZZ 1.
"Decarbonization" - WHAT?
08/04/2019Decarbonization is important to halt climate change. But what exactly is behind it? And what is Volkswagen doing about it?
Volkswagen Group secures lithium supplies
05/04/2019The Volkswagen Group and Ganfeng Lithium Co., Ltd. registered in Jiangxi (China) have signed a memorandum of understanding on long-term lithium supplies for battery cells. Under the agreement, Ganfeng will supply lithium to the Volkswagen Group and its suppliers for the next ten years. Volkswagen is thus already securing a significant share of its lithium requirement for batteries.
Volkswagen tests highly-automated driving in Hamburg
03/04/2019Volkswagen Group Research is testing automated vehicles in urban traffic in Hamburg. This is the first time Volkswagen has begun to test automated driving to Level 4 at real driving conditions in a major German city. From now, a fleet of five e-Golf, equipped with laser scanners, cameras, ultrasonic sensors and radars, will drive on a three-kilometer section of the digital test bed for automated and connected driving in the Hanseatic city. The results of the test drives, which will be continuously evaluated taking full account of all data protection rules, will be incorporated in the Group’s numerous research projects on automated driving, and will test customer-centric services and optimize individual transport.
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.