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Annual Report 2019

 
 
 
 
 
 
 
  

Annual report Volkswagen Group Italia

Volkswagen Group and its brands bring 2019 to successful conclusion

17/03/2020
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

09/03/2020
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

02/03/2020
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

12/02/2020
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

11/02/2020
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.
 
 
 
 
 
 

170,000 tons of CO2 saved: Carbon Fund strengthens climate protection

31/01/2020
The Volkswagen Group has launched its own Carbon Fund. The CO 2 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. 
 
 
 
 
 

Social responsibility: Volkswagen Group and Microsoft expand partnership

28/01/2020
The Volkswagen Group and Microsoft Germany have agreed to work together on long-term sustainability and social initiatives. The aim is to promote and jointly implement projects in the context of social responsibility issues, such as sustainability, digital education and training, as well as corporate employee engagement for the common good. A framework agreement between the two companies has been signed.
 
 
 
 

WeShare expands in Europe

23/01/2020
WeShare, Volkswagen and ŠKODA’s free-floating car sharing service, is to expand into seven further cities in Germany and other European countries in 2020. Prague and Hamburg in the spring are to be followed by Paris, Madrid, Budapest, Munich and Milan in the course of the year. In all these cities, WeShare will be offering an all-electric fleet with a total of about 8,400 electric vehicles. In Prague and Budapest, WeShare will cooperate with ŠKODA. In the other major cities in Germany, France, Spain and Italy, WeShare vehicles on offer will include Volkswagen’s e-Golf and e-up! as well as the ID.3 from the end of the year. WeShare already started operations in Berlin with 1,500 e-Golf cars in 2019 and the company now has 50,000 registered customers in the city.
 
 
 
 
 

New responsabilities in Volkswagen Group Italia

16/01/2020
 New responsabilities in Volkswagen Group Italia
 
 
 
 

Volkswagen Group records higher deliveries in 2019

14/01/2020
Despite 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.
 
 
 
 

Volkswagen and diconium further expand their corporation

10/01/2020
The Volkswagen Group and the founding shareholders of diconium have agreed on the acquisition by Volkswagen of the remaining shares in diconium. By acquiring all of the shares in the company, Volkswagen is strengthening its capabilities in the field of digital sales solutions. These include the development of a global online sales platform which will allow customers of all Group brands to purchase and manage digital services and on demand functions for their fully connected vehicles in the future. For this purpose, diconium will be contributing its key know-how to the Car.Software organization of the Volkswagen Group, which is responsible for developing software for the vehicle, digital ecosystems and customer-oriented functions for sales across the Group brands. The completion of the transaction is still subject to approval by the anti-trust authorities.
 
 
 
 

Environment Policy

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.
 
Guided by our Environmental Mission Statement, the Volkswagen Group commits to fulfil the requirements of the Environmental Policy, structured as follows:
 

Leadership

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.

Compliance

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.

Environmental Protection

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.  

Stakeholder Collaboration

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.

Continual Improvement

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

17/03/2020
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 Group with positive business performance in 2019

02/03/2020
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.

MIMA, The master to train the automotive mangers of tomorrow, is about to start

10/12/2019
The II level University Master's Degree in Mobility Innovation and Management (MIMA), result of the partnership between Volkswagen Group Italia and the University of Venice, was presented today at the headquarter of Ca’ Foscari University of Venice.

Mourning for Ferdinand Piëch

27/08/2019
Volkswagen 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

12/03/2019
The 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.

Volkswagen Group brings 2018 to successful close

12/03/2019
The 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.

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Annual Report 2019

 
 
 
 
 
 
 
  

Annual report Volkswagen Group Italia

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