Landmark in Volkswagen-Ford global alliance
Landmark in Volkswagen-Ford global alliance: The Volkswagen AG Supervisory Board ap-proved further contracts under the cooperation with Ford Motor Company announced last year. The next milestones in the vehicle projects are anticipated to be implemented in near the future with the signatures of both companies. Three projects in the areas of elec-trification and commercial vehicles are planned to be realized as a first step. The Volkswagen-Ford global alliance – which does not involve cross-ownership between the companies – is expected to create annual efficiencies for each company.
Volkswagen invests in battery operations at Salzgitter
The joint venture between Volkswagen Group and the Swedish battery producer Northvolt AB is gaining further momentum. It has been decided that Volkswagen itself will erect the buildings and infrastructure for the joint venture’s “Northvolt Zwei” factory that is to produce lithium-ion battery cells, in order to leverage synergies at the Salzgitter site – based on the existing Center of Excellence for Battery Cells. Some €450 million is to be invested in this project. The joint venture will then rent the factory space. Battery cell production at the plant is scheduled to commence in early 2024 with an initial production capacity of 16 gigawatt hours.
Volkswagen steps up development of Industrial Cloud
The Volkswagen Group is forging ahead with the integration of its plants into the Volkswagen Industrial Cloud. The aim is to further improve the efficiency of the plants and reduce production costs. The first three plants were already linked up in 2019. “In 2020, we intend to bring 15 further plants into the Cloud,” says Gerd Walker, Head of Production of the Volkswagen Group. Work on the project also continued consistently while production was suspended during the coronavirus crisis. “We are making good progress and significantly forcing the pace,” says Roy Sauer, Head of Enterprise & Platform Architecture of the Volkswagen Group. From 2016 to 2025, Volkswagen intends to boost the productivity of its plants by 30 percent and “our Industrial Cloud will be a key lever for achieving this objective,” says Walker. All in all, the Group expects cost savings totaling several billion euros when the data of all 124 plants can be evaluated in a standardized way. The Industrial Cloud is built on Amazon Web Services (AWS), and Siemens is the integration partner.
Volkswagen Group is close to Italy in the Covid-19 emergency
The Volkswagen Group shows its closeness to Italy by donating 200.000 protective face masks to the Civil Protection Department. Many activities were initiated by the Volkswagen Group in several countries, among them Italy, where Covid-19 hit particularly hard.
Volkswagen Group and its brands bring 2019 to successful conclusion
The Volkswagen Group brought fiscal year 2019 to a successful conclusion with improved financial results in almost all brands. Dr. Herbert Diess, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, said, “2019 was a very successful year for the Volkswagen Group. We have laid vital groundwork for all relevant changes. 2020 is a very difficult year. The corona pandemic presents us with unknown operational and financial challenges. At the same time, there are concerns about sustained economic impacts. We will succeed in overcoming the corona crisis by pooling our strengths and with close cooperation and high morale in our Group.”
Volkswagen presents Green Finance Framework
With the Green Finance Framework (GFF), the Volkswagen Group today presented further guidelines for sustainable financial instruments. In future, it will therefore be possible for investors to invest in a targeted fashion in sustainability projects of the Volkswagen Group such as e-mobility. A new corporate body, the Green Finance Committee, will select appropriate projects and can adapt the GFF to reflect changing requirements. Furthermore, regular reporting will ensure transparency in the use of funds. The objective is to ensure independent external verification of the use of funds.
Volkswagen Group with positive business performance in 2019
The Volkswagen Group has completed fiscal year 2019 suc-cessfully. Sales revenue increased by EUR 16.8 billion to EUR 252.6 billion and operating profit before special items rose to EUR 19.3 (17.1) billion. At 7.6 (7.3) percent, the operating return on sales before special items slightly exceeded the forecasted range for 2019. Oper-ating profit also improved to EUR 17.0 (13.9) billion. Negative special items in connection with diesel decreased to EUR 2.3 (3.2) billion. In the Automotive Division, net cash flow in-creased markedly to EUR 10.8 (-0.3) billion, with net liquidity reaching EUR 21.3 (19.4) bil-lion. Board of Management and Supervisory Board propose an increase of the dividend to EUR 6.50 (4.80) per ordinary share and EUR 6.56 (4.86) per preferred share. This would raise the payout ratio to 24.5 (20.4) percent.
New, innovative solution for ultra-fast charging electric vehicles
The establishment of a dense public network of ultra-fast e-vehicle charging stations can be realized much faster than previously assumed. E.ON and Volkswagen Group Components are giving a new impetus with the prototype of a new, flexible ultra-fast charging station that will be presented in Essen. By integrating a battery system, it will be possible to install ultra-fast charging stations almost anywhere and at significantly lower cost without civil engineering or mains connection.
One additional year as top employer for Volkswagen Group Italia
Once again, Volkswagen Group Italia – the Italian subsidiary of the Volkswagen Group- has gained the prestigious award conferred by the Top Employers Institute. This institution is a global excellence certifier in the HR field, which evaluates, in several respects, the companies that adopt the highest qualitative standard in terms of personnel management.
As a global leader in the development, production and distribution of motor vehicles and mo-bility services, the Volkswagen Group endeavors to become a leading provider of sustainable mobility and a role model in environment.
We embrace the challenges of climate change and we are committed to the 2° target of the United Nations. We are keenly aware of the world-wide environmental and societal impact of our activities and products. To reduce our environ-mental footprint we use our global innovative capacity to address environmental challenges throughout all life cycle stages of our mobility offers.
Our mobility innovations will also help our customers reduce their environmental footprint while simultaneously securing our busi-ness competitiveness and employment.
Our leaders, at every level of the organization in all brands and majority shareholdings of the Volkswagen Group, are aware of the environmental risks of their business activities and will demonstrate, in words and in actions, their commitment to compliance and to environmental leadership. They are responsible for the implementation of this policy in their business units and for ensuring that all employees are informed, qualified and held accountable for their as-signed responsibilities. The Boards of Management at Group and at each entity will consider environmental leadership with equal weight to other business criteria in key company deci-sions.
We comply with legal and regulatory requirements as well as company standards and targets. We implement Environmental Compliance Management Systems to ensure that environmental compliance obligations are understood and achieved in our business operations. Environmen-tal fraud and misconduct will be treated as a severe compliance violation. Compliance with this Environmental Policy Statement and with Group environmental requirements will be annually evaluated and reported to the Boards of Management at Group and at each entity.
We follow a life-cycle approach to mitigate environmental risks and to optimize environmental opportunities such as the integration of renewable energy sources, decarbonisation, sustaina-ble supply chains and resource efficiency. We implement economically viable methods to re-duce our environmental impact across the life cycle of our operations, products and services. Our efforts are verified annually by public disclosure of key performance indicators.
We engage with our employees, regulators, customers, suppliers, communities, public authori-ties and other interested stakeholders to improve our understanding of environmental require-ments and expectations. Stakeholder input is considered and reflected in our Environmental Compliance Management System and in our operations, products and services. We commit to providing transparent and reliable information in our dialogue with and reporting to our stake-holders.
As part of our effort to continually improve, we implement internationally-recognized and third-party verified environmental management systems which integrate environmental re-quirements into our key business processes and decision-making. As well our environmental management systems themselves are subject to a process of continual improvement. We rely on our global network of subject matter experts to identify and transfer best practices in envi-ronmental technology and management. We stay at the forefront of emerging environmental developments in regulations, science, technology and stakeholder expectations to meet or ex-ceed our commitments.
Volkswagen Group and its brands bring 2019 to successful conclusion
17/03/2020The Volkswagen Group brought fiscal year 2019 to a successful conclusion with improved financial results in almost all brands. Dr. Herbert Diess, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, said, “2019 was a very successful year for the Volkswagen Group. We have laid vital groundwork for all relevant changes. 2020 is a very difficult year. The corona pandemic presents us with unknown operational and financial challenges. At the same time, there are concerns about sustained economic impacts. We will succeed in overcoming the corona crisis by pooling our strengths and with close cooperation and high morale in our Group.”
Volkswagen Group with positive business performance in 2019
02/03/2020The Volkswagen Group has completed fiscal year 2019 suc-cessfully. Sales revenue increased by EUR 16.8 billion to EUR 252.6 billion and operating profit before special items rose to EUR 19.3 (17.1) billion. At 7.6 (7.3) percent, the operating return on sales before special items slightly exceeded the forecasted range for 2019. Oper-ating profit also improved to EUR 17.0 (13.9) billion. Negative special items in connection with diesel decreased to EUR 2.3 (3.2) billion. In the Automotive Division, net cash flow in-creased markedly to EUR 10.8 (-0.3) billion, with net liquidity reaching EUR 21.3 (19.4) bil-lion. Board of Management and Supervisory Board propose an increase of the dividend to EUR 6.50 (4.80) per ordinary share and EUR 6.56 (4.86) per preferred share. This would raise the payout ratio to 24.5 (20.4) percent.
170,000 tons of CO2 saved: Carbon Fund strengthens climate protection
31/01/2020The Volkswagen Group has launched its own Carbon Fund. The CO2 fund, which is endowed with €25 million annually, is available to all twelve Group brands. They use it to finance their own climate protection projects at their locations worldwide.
Volkswagen Group records higher deliveries in 2019
14/01/2020Despite shrinking overall markets, the Volkswagen Group grew its worldwide deliveries by 1.3 percent to 10,974,600 vehicles in 2019. Market shares were expanded in all regions, in some cases significantly. Volume growth was achieved in Europe (+3.9 percent) and South America (+3.2 percent) while there were slight falls in North America (-0.5 percent) and Asia-Pacific (-0.4 percent). Strong growth was recorded with electric vehicles. As a re-sult of many new models within the framework of the Group’s electric offensive and grow-ing interest on the part of customers, there was a rise of around 80 percent to more than 140,000 vehicles.
Mourning for Ferdinand Piëch
27/08/2019Volkswagen Group mourns its longtime CEO and Supervisory Board Chairman Prof. Dr. Ferdinand Piëch. On behalf of all 660,000 employees, the Supervisory Board and the Management Board express their sincere condolences to the family and pay tribute to Piëch’s great service to Volkswagen, the Group brands, and the development of the automobile as a whole.
Volkswagen plans 22 million electric vehicles in ten years
12/03/2019The Volkswagen Group is forging ahead with the fundamental change of system in individual mobility and systematically aligning with electric drives. The Group is planning to launch almost 70 new electric models in the next ten years – instead of the 50 previously planned. As a result, the projected number of vehicles to be built on the Group’s electric platforms in the next decade will increase from 15 million to 22 million. Expanding e-mobility is an important building block on the road to a CO 2-neutral balance. Volkswagen has signed off a comprehensive decarbonization program aimed at achieving a fully CO 2-neutral balance in all areas from fleet to production to administration by 2050. Volkswagen is thus fully committed to the Paris climate targets.