#Strategy
Drawing on the company’s Strategy 2030, the Volkswagen Group is preparing to face global changes in mobility and is pressing forward with its transformation into a software-oriented company.
46 contents with this tag
Press Release
Collective bargaining: Volkswagen looks to employees to help safeguard its future
The collective bargaining committees of Volkswagen AG and the Lower Saxony and Saxony-Anhalt branches of IG Metall today continued discussions in the 2024 collective bargaining round in Wolfsburg. Ahead of the negotiations, IG Metall had additionally demanded that the company reinstate the collective agreements terminated by Volkswagen AG effective December 31, 2024, without any modification of content. Due to the economic crisis in the automotive industry, Volkswagen is unable to meet this demand. Nor is it able to meet the union’s demand for a 7 percent pay rise. Rather, the company believes that reducing pay by 10 percent would give Volkswagen AG the means to make future investments so as to remain competitive and hence safeguard jobs.
Press Release
Volkswagen Group’s nine-month results impacted by higher fixed costs and restructuring provisions
The Volkswagen Group expects deliveries to customers to be around 9 million vehicles (2023: 9.24 million vehicles). The company expects Group sales revenue to be around 320 billion euros (2023: 322.3 billion euros).
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Volkswagen Group Interim Report January – September 2024
On October 30, 2024 the Volkswagen Group published the results for the third quarter 2024.
Press Release
Green steel for sustainable mobility: Thyssenkrupp Steel and Volkswagen Group’s new collaboration
At the International Suppliers Fair (IZB) in Wolfsburg, Germany, Volkswagen Group and Thyssenkrupp Steel signed a memorandum of understanding (MoU) for the planned supply to Volkswagen Group of low-carbon steel from Thyssenkrupp Steel’s future direct reduction plant. This agreement underscores the two companies’ joint commitment to sustainability and climate protection, marking a further milestone in their long-standing partnership.
Press Release
Volkswagen Group delivers 6.5 million vehicles by September
Press Release
Start of collective bargaining round: Volkswagen rejects IG Metall demands and calls for cost reductions
The collective bargaining committees of Volkswagen AG and the Lower Saxony and Saxony-Anhalt branches of IG Metall today started discussions in the 2024 collective bargaining round in Hanover. The parties to the collective bargaining agreement had agreed previously to bring forward the start of the collective bargaining round originally planned for the end of October by one month.
Due to the current economic challenges, Volkswagen AG felt compelled to add matters other than the IG Metall pay demand to the negotiations in the collective bargaining round and, for the first time, to terminate collective agreements effective December 31, 2024. These include the safeguards for production sites and jobs, the hiring of trainees and dual students, the application of the Tarif Plus bracket and all collective agreements on the deployment of temporary workers.
Article
Management change in the finance department of the Core brand group
With effect from October 1, 2024, there will be a change on the Board of Management of the Volkswagen Passenger Cars brand and on the Board of Management of SEAT S.A. Patrik A. Mayer will take over from David Powels as Executive Vice-President for Finance and IT at SEAT S.A., while David Powels will take over the responsibilities of Patrik A. Mayer.
Article
A change in the Audi Board of Management: Marco Schubert takes over Sales and Marketing from Hildegard Wortmann
Marco Schubert is returning to Audi after three years and becoming the new Member of the Board of Management for Sales and Marketing. The Supervisory Board of Audi made this decision on August 30, 2024. Schubert succeeds Hildegard Wortmann, who is leaving the Audi Board of Management on August 31, after five years at her own wish and by harmonious mutual agreement. At the same time, Wortmann will leave her role in the Extended Executive Committee of Volkswagen Group.
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Sustainability
Moving you. Moving forward.
Press Release
Volkswagen Group with solid performance in a demanding environment for the first half of 2024
Outlook for 2024 Confirmed. The Volkswagen Group expects the sales revenue to exceed the previous year’s figure by up to 5% in 2024. The operating return on sales for the Volkswagen Group and the Passenger Cars Business Area is likely to be between 6.5% and 7%.
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About Us
The Volkswagen Group, headquartered in Wolfsburg, is one of the world's leading manufacturers of automobiles and commercial vehicles and the largest carmaker in Europe. With our brands, business units and financial services, we are shaping the zero-emission and autonomous future of mobility. From the company profile and corporate principles to the history - here you will find the most important information about the Volkswagen Group.
Press Release
Volkswagen Group deliveries in the first half of the year at previous year's level
Article
Porsche delivers 155,945 vehicles in the first half of the year
In the year of product launches, Porsche maintains stable sales in the first half of 2024: a total of 155,945 vehicles were handed over to customers worldwide between January and June.
Press Release
HW Vassen appointed Chief Technology Officer of PowerCo SE
HW Vassen will take over as the new Chief Technology Officer and Member of the Board of Management of PowerCo SE from August 1, 2024. This decision was approved today by the Supervisory Board of PowerCo SE. As Head of Series Development, Vassen has already played a decisive role in the development of PowerCo’s unified cell, which will go into mass production from 2025. As Chief Technology Officer, he will be responsible for technology and product development as well as testing and analytics at PowerCo SE. He succeeds Soonho Ahn, who is stepping down at his own request at the end of July and will be available to the Volkswagen Group as an advisor in the future.
