Volkswagen Group presents new Green Finance Framework
Volkswagen Group presents new Green Finance Framework
Provider: Volkswagen Newsroom
Type: Link
Title: Volkswagen Group presents new Green Finance Framework
Description: With the inclusion of the EU taxonomy into its new Green Finance Framework (GFF) the Volkswagen Group makes investments in Green Debt Instruments issued by the company more attractive, transparent and reliable for sustainability investors. The GFF links the Group’s decarbonization goals with its financing strategy. Only capital expenditures (capitalized development costs and additions to property plant and equipment) for battery electric vehicles (BEV) that are aligned with the EU taxonomy are taken into account under the new GFF. The investments are audited in connection with the annual report by the Groups independent auditor on a reasonable assurance basis. Investors can thus obtain a high level of transparency and verification for the use of proceeds.
Volkswagen Group presents new Green Finance Framework
Provider: View Original
Type: Link
Title: Volkswagen Group presents new Green Finance Framework
Description: With the inclusion of the EU taxonomy into its new Green Finance Framework (GFF) the Volkswagen Group makes investments in Green Debt Instruments issued by the company more attractive, transparent and reliable for sustainability investors. The GFF links the Group’s decarbonization goals with its financing strategy. Only capital expenditures (capitalized development costs and additions to property plant and equipment) for battery electric vehicles (BEV) that are aligned with the EU taxonomy are taken into account under the new GFF. The investments are audited in connection with the annual report by the Groups independent auditor on a reasonable assurance basis. Investors can thus obtain a high level of transparency and verification for the use of proceeds.
Volkswagen enters partnership with MILES Mobility to accelerate expansion of car sharing portfolio
Volkswagen enters partnership with MILES Mobility to accelerate expansion of car sharing portfolio
Provider: Volkswagen Newsroom
Type: Link
Title: Volkswagen enters partnership with MILES Mobility to accelerate expansion of car sharing portfolio
Description: The Volkswagen Group is driving forward its transformation into a mobility provider and is entering into a partnership with car sharing company MILES Mobility. In this regard, MILES Mobility has acquired UMI Urban Mobility International GmbH from Volkswagen Passenger Cars and with it the WeShare car sharing business and will integrate it into its existing portfolio. Both parties have agreed not to disclose the purchase price. Also in the context of the new partnership, MILES has ordered more than 10,000 all-electric vehicles from the Audi, Seat/Cupra and Volkswagen Passenger Cars brands, which are scheduled for delivery from 2023. In this way, Volkswagen aims to participate even better in the rapidly growing market for new mobility services, offering greater choice to its customers at the same time.
Volkswagen enters partnership with MILES Mobility to accelerate expansion of car sharing portfolio
Provider: View Original
Type: Link
Title: Volkswagen enters partnership with MILES Mobility to accelerate expansion of car sharing portfolio
Description: The Volkswagen Group is driving forward its transformation into a mobility provider and is entering into a partnership with car sharing company MILES Mobility. In this regard, MILES Mobility has acquired UMI Urban Mobility International GmbH from Volkswagen Passenger Cars and with it the WeShare car sharing business and will integrate it into its existing portfolio. Both parties have agreed not to disclose the purchase price. Also in the context of the new partnership, MILES has ordered more than 10,000 all-electric vehicles from the Audi, Seat/Cupra and Volkswagen Passenger Cars brands, which are scheduled for delivery from 2023. In this way, Volkswagen aims to participate even better in the rapidly growing market for new mobility services, offering greater choice to its customers at the same time.
Volkswagen Group operating result increases and recovery in China accelerates
Volkswagen Group operating result increases and recovery in China accelerates
Provider: Volkswagen Newsroom
Type: Link
Title: Volkswagen Group operating result increases and recovery in China accelerates
Description: Volkswagen Group posted solid financial results in the third quarter in a difficult global environment. Total vehicle deliveries to customers were up in Q3, with overall operating result increasing from EUR 2.6bn in a supply-constricted Q3 2021 to EUR 4.3bn. The Group’s financial performance in Q3 demonstrates how measures to strengthen supply chains have successfully helped to mitigate a challenging global landscape.
Volkswagen Group operating result increases and recovery in China accelerates
Provider: View Original
Type: Link
Title: Volkswagen Group operating result increases and recovery in China accelerates
Description: Volkswagen Group posted solid financial results in the third quarter in a difficult global environment. Total vehicle deliveries to customers were up in Q3, with overall operating result increasing from EUR 2.6bn in a supply-constricted Q3 2021 to EUR 4.3bn. The Group’s financial performance in Q3 demonstrates how measures to strengthen supply chains have successfully helped to mitigate a challenging global landscape.
Volkswagen Passenger Cars stays on track in difficult environment
Volkswagen Passenger Cars stays on track in difficult environment
Provider: Volkswagen Newsroom
Type: Link
Title: Volkswagen Passenger Cars stays on track in difficult environment
Description: The Volkswagen Passenger Cars brand further strengthened its economic efficiency in a persistently difficult environment. At almost EUR 2.5 billion, the operating result before special items for the first nine months of the current year was double the figure for the same prior-year period (EUR 1.2 billion), sales revenue rose to EUR 52 billion (prior-year period: EUR 49 billion). The net operating cash flow reached EUR 1.0 billion (prior-year period: EUR: -0.3 billion). Even though numerous customer orders could not be delivered as planned due to the persistent shortage of parts, the result was bolstered by a positive model mix and a recovery in delivery volumes in the third quarter: At 1.26 million, the number of vehicles delivered worldwide from July to September 2022 was 15.3 percent higher than the same prior-year period.
Volkswagen Passenger Cars stays on track in difficult environment
Provider: View Original
Type: Link
Title: Volkswagen Passenger Cars stays on track in difficult environment
Description: The Volkswagen Passenger Cars brand further strengthened its economic efficiency in a persistently difficult environment. At almost EUR 2.5 billion, the operating result before special items for the first nine months of the current year was double the figure for the same prior-year period (EUR 1.2 billion), sales revenue rose to EUR 52 billion (prior-year period: EUR 49 billion). The net operating cash flow reached EUR 1.0 billion (prior-year period: EUR: -0.3 billion). Even though numerous customer orders could not be delivered as planned due to the persistent shortage of parts, the result was bolstered by a positive model mix and a recovery in delivery volumes in the third quarter: At 1.26 million, the number of vehicles delivered worldwide from July to September 2022 was 15.3 percent higher than the same prior-year period.
Volkswagen focuses development for autonomous driving
Volkswagen focuses development for autonomous driving
Provider: Volkswagen Newsroom
Type: Link
Title: Volkswagen focuses development for autonomous driving
Description: Volkswagen is focusing its development activities for autonomous and highly automated driving. In the area of autonomous driving as a service (MaaS/TaaS), the Group is consolidating its development partnerships. Volkswagen will no longer invest in Argo AI. In individual mobility, Cariad is continuing to drive forward the development of highly automated and autonomous driving together with Bosch and, in the future, in China with Horizon Robotics.
Volkswagen focuses development for autonomous driving
Provider: View Original
Type: Link
Title: Volkswagen focuses development for autonomous driving
Description: Volkswagen is focusing its development activities for autonomous and highly automated driving. In the area of autonomous driving as a service (MaaS/TaaS), the Group is consolidating its development partnerships. Volkswagen will no longer invest in Argo AI. In individual mobility, Cariad is continuing to drive forward the development of highly automated and autonomous driving together with Bosch and, in the future, in China with Horizon Robotics.
Volkswagen Group Technology Solutions India to double IT workforce by 2024 to boost NEW AUTO Strategy
Volkswagen Group Technology Solutions India to double IT workforce by 2024 to boost NEW AUTO Strategy
Provider: Volkswagen Newsroom
Type: Link
Title: Volkswagen Group Technology Solutions India to double IT workforce by 2024 to boost NEW AUTO Strategy
Description: Volkswagen Group announced today its goal to significantly grow its IT team in India. The company aims at doubling its workforce to 3,500 employees by the end of 2024. Volkswagen Group Technology Solutions India (VWITS) is the global in-house capability center providing IT & technology solutions to Volkswagen AG, its ten brands and multiple regional companies.
Volkswagen Group Technology Solutions India to double IT workforce by 2024 to boost NEW AUTO Strategy
Provider: View Original
Type: Link
Title: Volkswagen Group Technology Solutions India to double IT workforce by 2024 to boost NEW AUTO Strategy
Description: Volkswagen Group announced today its goal to significantly grow its IT team in India. The company aims at doubling its workforce to 3,500 employees by the end of 2024. Volkswagen Group Technology Solutions India (VWITS) is the global in-house capability center providing IT & technology solutions to Volkswagen AG, its ten brands and multiple regional companies.