Volkswagen and Ford expand collaboration on MEB electric platform
Volkswagen and Ford expand collaboration on MEB electric platform
Provider: Volkswagen-newsroom
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Volkswagen and Ford expand collaboration on MEB electric platform
Provider: Volkswagen Newsroom
Type: Link
Title: Volkswagen and Ford expand collaboration on MEB electric platform
Description: Ford Motor Company and the Volkswagen Group are expanding their e-mobility partnership. Ford plans to produce another electric model for the European market based on the MEB platform. The automaker will also double its planned MEB volume to 1.2 million units over a six-year timeframe. The agreement was signed as part of the strategic alliance between Volkswagen and Ford, which includes e-mobility, commercial vehicles and autonomous driving. Designed as an open vehicle platform, the MEB (Modular Electric Toolkit) allows car manufacturers to electrify their portfolio quickly and cost-effectively.
Volkswagen and Ford expand collaboration on MEB electric platform
Provider: View Original
Type: Link
Title: Volkswagen and Ford expand collaboration on MEB electric platform
Description: Ford Motor Company and the Volkswagen Group are expanding their e-mobility partnership. Ford plans to produce another electric model for the European market based on the MEB platform. The automaker will also double its planned MEB volume to 1.2 million units over a six-year timeframe. The agreement was signed as part of the strategic alliance between Volkswagen and Ford, which includes e-mobility, commercial vehicles and autonomous driving. Designed as an open vehicle platform, the MEB (Modular Electric Toolkit) allows car manufacturers to electrify their portfolio quickly and cost-effectively.
Volkswagen Group achieves solid results in 2021 and drives forward its transformation to NEW AUTO
Volkswagen Group achieves solid results in 2021 and drives forward its transformation to NEW AUTO
Provider: Volkswagen-newsroom
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Volkswagen Group achieves solid results in 2021 and drives forward its transformation to NEW AUTO
Provider: Volkswagen Newsroom
Type: Link
Title: Volkswagen Group achieves solid results in 2021 and drives forward its transformation to NEW AUTO
Description: The Volkswagen Group proved the robustness of its business model in 2021. The company increased its overall resilience and improved its capabilities to cope with constraints. Overhead costs were successfully reduced, capex discipline was high and the break-even was lowered. At the same time Volkswagen drove its transformation to NEW AUTO forward. A solid profit was achieved despite strong headwinds from semiconductor shortages that led to a decrease in vehicle sales of around 600,000 units compared to 2020. This was 2.4 million fewer units than 2019. Although sales volumes were down 6 percent on prior year, sales revenue increased by 12 percent to EUR 250.2 billion. Operating profit before special items almost doubled compared to 2020 and reached a solid level of EUR 20.0 billion. The operating return on sales before special items also climbed to 8.0 percent after 4.8 percent in prior year. Key to this financial performance was a better mix and favorable pricing. The Automotive Division generated a strong net cash flow of EUR 8.6 billion, a 35 percent year-on-year increase. The Automotive Division’s net liquidity remained almost unchanged compared to the end of 2020, at EUR 26.7 billion. However, this corresponds to an increase of more than EUR 5 billion since the end of 2019, despite the multitude of transformational steps that have been taken in this timeframe, including the acquisition of Navistar. The Board of Management and Supervisory Board are proposing a dividend of EUR 7.50 per ordinary share and EUR 7.56 per preferred share, an increase of 56 percent compared to EUR 4.80 or EUR 4.86, respectively, in the preceding year. This equals to a payout ratio of 25.4 percent. Earnings per ordinary share amounted to EUR 29.59 (16.60) and earnings per preferred share were at EUR 29.65 (16.66).
Volkswagen Group achieves solid results in 2021 and drives forward its transformation to NEW AUTO
Provider: View Original
Type: Link
Title: Volkswagen Group achieves solid results in 2021 and drives forward its transformation to NEW AUTO
Description: The Volkswagen Group proved the robustness of its business model in 2021. The company increased its overall resilience and improved its capabilities to cope with constraints. Overhead costs were successfully reduced, capex discipline was high and the break-even was lowered. At the same time Volkswagen drove its transformation to NEW AUTO forward. A solid profit was achieved despite strong headwinds from semiconductor shortages that led to a decrease in vehicle sales of around 600,000 units compared to 2020. This was 2.4 million fewer units than 2019. Although sales volumes were down 6 percent on prior year, sales revenue increased by 12 percent to EUR 250.2 billion. Operating profit before special items almost doubled compared to 2020 and reached a solid level of EUR 20.0 billion. The operating return on sales before special items also climbed to 8.0 percent after 4.8 percent in prior year. Key to this financial performance was a better mix and favorable pricing. The Automotive Division generated a strong net cash flow of EUR 8.6 billion, a 35 percent year-on-year increase. The Automotive Division’s net liquidity remained almost unchanged compared to the end of 2020, at EUR 26.7 billion. However, this corresponds to an increase of more than EUR 5 billion since the end of 2019, despite the multitude of transformational steps that have been taken in this timeframe, including the acquisition of Navistar. The Board of Management and Supervisory Board are proposing a dividend of EUR 7.50 per ordinary share and EUR 7.56 per preferred share, an increase of 56 percent compared to EUR 4.80 or EUR 4.86, respectively, in the preceding year. This equals to a payout ratio of 25.4 percent. Earnings per ordinary share amounted to EUR 29.59 (16.60) and earnings per preferred share were at EUR 29.65 (16.66).
A Bulli for the all-electric future: World premiere of the new ID. Buzz(((ID. Buzz/ID. Buzz Cargo – The vehicles are near-production concept cars and have not gone on sale yet.)))
A Bulli for the all-electric future: World premiere of the new ID. Buzz(((ID. Buzz/ID. Buzz Cargo – The vehicles are near-production concept cars and have not gone on sale yet.)))
Provider: Volkswagen-newsroom
Type: JPG
A Bulli for the all-electric future: World premiere of the new ID. Buzz(((ID. Buzz/ID. Buzz Cargo – The vehicles are near-production concept cars and have not gone on sale yet.)))
Provider: Volkswagen Newsroom
Type: Link
Title: A Bulli for the all-electric future: World premiere of the new ID. Buzz
Description: Volkswagen Passenger Cars and Volkswagen Commercial Vehicles are giving the new ID. Buzz and ID. Buzz Cargo(((ID. Buzz/ID. Buzz Cargo – The vehicles are near-production concept cars and have not gone on sale yet.))) their world premiere today in Hamburg. With Europe's first all-electric bus and transporter range, Volkswagen is providing yet another solution to sustainable and CO2-free mobility. The ID. Buzz comes with the latest ID. software and sets new standards in its segment with the latest systems and functions for safety, comfort and charging.
A Bulli for the all-electric future: World premiere of the new ID. Buzz(((ID. Buzz/ID. Buzz Cargo – The vehicles are near-production concept cars and have not gone on sale yet.)))
Provider: View Original
Type: Link
Title: A Bulli for the all-electric future: World premiere of the new ID. Buzz
Description: Volkswagen Passenger Cars and Volkswagen Commercial Vehicles are giving the new ID. Buzz and ID. Buzz Cargo(((ID. Buzz/ID. Buzz Cargo – The vehicles are near-production concept cars and have not gone on sale yet.))) their world premiere today in Hamburg. With Europe's first all-electric bus and transporter range, Volkswagen is providing yet another solution to sustainable and CO2-free mobility. The ID. Buzz comes with the latest ID. software and sets new standards in its segment with the latest systems and functions for safety, comfort and charging.
The ID. Buzz(((ID. Buzz/ID. Buzz Cargo – The vehicles are near-production concept cars and have not gone on sale yet.))) is on its way: only one day to go until the world premiere
The ID. Buzz(((ID. Buzz/ID. Buzz Cargo – The vehicles are near-production concept cars and have not gone on sale yet.))) is on its way: only one day to go until the world premiere
Provider: Volkswagen-newsroom
Type: JPG
The ID. Buzz(((ID. Buzz/ID. Buzz Cargo – The vehicles are near-production concept cars and have not gone on sale yet.))) is on its way: only one day to go until the world premiere
Provider: Volkswagen Newsroom
Type: Link
Title: The ID. Buzz is on its way: only one day to go until the world premiere
Description: It’s getting exciting: on Wednesday, 9 March at 7:00 pm (CET), Volkswagen and Volkswagen Commercial Vehicles will present the ID. Buzz at a digital world premiere. The ID. Buzz is the most emotional member of the all-electric ID. family to date, taking the DNA of the legendary Volkswagen T1 of 1950 forward into the future with its unique design, innovative technology and progressive sustainability. It is to be launched this year as a five-seater bus and cargo version with zero local emissions.
The ID. Buzz(((ID. Buzz/ID. Buzz Cargo – The vehicles are near-production concept cars and have not gone on sale yet.))) is on its way: only one day to go until the world premiere
Provider: View Original
Type: Link
Title: The ID. Buzz is on its way: only one day to go until the world premiere
Description: It’s getting exciting: on Wednesday, 9 March at 7:00 pm (CET), Volkswagen and Volkswagen Commercial Vehicles will present the ID. Buzz at a digital world premiere. The ID. Buzz is the most emotional member of the all-electric ID. family to date, taking the DNA of the legendary Volkswagen T1 of 1950 forward into the future with its unique design, innovative technology and progressive sustainability. It is to be launched this year as a five-seater bus and cargo version with zero local emissions.
Smart & Sustainable Island: First electric cars for private customers on Astypalea
Smart & Sustainable Island: First electric cars for private customers on Astypalea
Provider: Volkswagen-newsroom
Type: JPG
Smart & Sustainable Island: First electric cars for private customers on Astypalea
Provider: Volkswagen Newsroom
Type: Link
Title: Smart & Sustainable Island: First electric cars for private customers on Astypalea
Description: The electrification of Astypalea is picking up speed: The Volkswagen Group has delivered the first electric cars to private customers on the Greek island. A turquoise ID.3 Pure was handed over to its new owner directly at the windmills of Chora, the main town on Astypalea. Further deliveries included the ID.4 and e-up! as well as the Seat MÓ eScooter 125. As a result, the e-fleet on Astypalea is further growing, after the local authorities have been using electric vehicles already since last year. The "Smart & Sustainable Island" project is a joint initiative of the Volkswagen Group and the Hellenic Republic. In the coming years, Astypalea will be converted into an island where the mobility will be smart and sustainable, and the energy system will be completely renewed.
Smart & Sustainable Island: First electric cars for private customers on Astypalea
Provider: View Original
Type: Link
Title: Smart & Sustainable Island: First electric cars for private customers on Astypalea
Description: The electrification of Astypalea is picking up speed: The Volkswagen Group has delivered the first electric cars to private customers on the Greek island. A turquoise ID.3 Pure was handed over to its new owner directly at the windmills of Chora, the main town on Astypalea. Further deliveries included the ID.4 and e-up! as well as the Seat MÓ eScooter 125. As a result, the e-fleet on Astypalea is further growing, after the local authorities have been using electric vehicles already since last year. The "Smart & Sustainable Island" project is a joint initiative of the Volkswagen Group and the Hellenic Republic. In the coming years, Astypalea will be converted into an island where the mobility will be smart and sustainable, and the energy system will be completely renewed.
Volkswagen Group deliveries of all-electric vehicles up by 65 percent in the first quarter
Volkswagen Group deliveries of all-electric vehicles up by 65 percent in the first quarter
Provider: Volkswagen-newsroom
Type: JPG
Volkswagen Group deliveries of all-electric vehicles up by 65 percent in the first quarter
Provider: Volkswagen Newsroom
Type: Link
Title: Volkswagen Group deliveries of all-electric vehicles up by 65 percent in the first quarter
Description: The Volkswagen Group successfully continued its global electric offensive in the first quarter, lifting deliveries of all-electric vehicles by 65 percent year-on-year. Despite supply bottlenecks for semiconductors and wire harnesses, 99,100 BEVs have been handed over to customers by the end of March, up from 60,000 in the opening quarter of the previous year. The biggest increase was seen in China, where 28,800 customers took delivery of a BEV manufactured by a Group brand – a more than four-fold increase versus the prior-year period.
Volkswagen Group deliveries of all-electric vehicles up by 65 percent in the first quarter
Provider: View Original
Type: Link
Title: Volkswagen Group deliveries of all-electric vehicles up by 65 percent in the first quarter
Description: The Volkswagen Group successfully continued its global electric offensive in the first quarter, lifting deliveries of all-electric vehicles by 65 percent year-on-year. Despite supply bottlenecks for semiconductors and wire harnesses, 99,100 BEVs have been handed over to customers by the end of March, up from 60,000 in the opening quarter of the previous year. The biggest increase was seen in China, where 28,800 customers took delivery of a BEV manufactured by a Group brand – a more than four-fold increase versus the prior-year period.