Volkswagen brand increases earnings in 2022 and continues to drive forward e-offensive
Volkswagen brand increases earnings in 2022 and continues to drive forward e-offensive
Provider: Volkswagen Newsroom
Type: Link
Title: Volkswagen brand increases earnings in 2022 and continues to drive forward e-offensive
Description: The Volkswagen Passenger Cars brand further strengthened the company’s profitability in fiscal year 2022. Thanks to effective sales management and rigorous cost optimization, the company generated a robust financial result. Despite the challenging economic situation and the unsettled geopolitical environment, operating profit before special items increased to EUR 2.6 billion and the operating return to 3.6 percent (fiscal year 2021*: EUR 2.2 billion/3.2 percent). Supply constraints and the resulting lower delivery volumes had a significant negative impact on earnings, especially in the second half of the year. The North and South America regions made a large contribution to earnings in 2022, with market share to be robustly expanded going forward. Volkswagen also intends to further accelerate the transformation to e-mobility. The brand anticipates an all-electric share of around 80 percent in Europe by 2030. To this end, ten new electric models are to be launched by as early as 2026, including an all-electric Volkswagen for under EUR 25,000, which makes its world debut today as the ID. 2all study.
Volkswagen brand increases earnings in 2022 and continues to drive forward e-offensive
Provider: View Original
Type: Link
Title: Volkswagen brand increases earnings in 2022 and continues to drive forward e-offensive
Description: The Volkswagen Passenger Cars brand further strengthened the company’s profitability in fiscal year 2022. Thanks to effective sales management and rigorous cost optimization, the company generated a robust financial result. Despite the challenging economic situation and the unsettled geopolitical environment, operating profit before special items increased to EUR 2.6 billion and the operating return to 3.6 percent (fiscal year 2021*: EUR 2.2 billion/3.2 percent). Supply constraints and the resulting lower delivery volumes had a significant negative impact on earnings, especially in the second half of the year. The North and South America regions made a large contribution to earnings in 2022, with market share to be robustly expanded going forward. Volkswagen also intends to further accelerate the transformation to e-mobility. The brand anticipates an all-electric share of around 80 percent in Europe by 2030. To this end, ten new electric models are to be launched by as early as 2026, including an all-electric Volkswagen for under EUR 25,000, which makes its world debut today as the ID. 2all study.
World premiere of the ID. 2all concept: the electric car from Volkswagen costing less than 25,000 euros
World premiere of the ID. 2all concept: the electric car from Volkswagen costing less than 25,000 euros
Provider: Volkswagen Newsroom
Type: Link
Title: World premiere of the ID. 2all (ID. 2all – the vehicle is a concept car and is not available for sale.) concept: the electric car from Volkswagen costing less than 25,000 euros
Description: The Volkswagen brand is continuing the success story of its compact cars in the age of electric mobility and is providing a first glimpse of an all-electric Volkswagen costing less than 25,000 euros with the ID. 2all concept car. Initial facts: front-wheel drive, range of up to 450 km, innovative technological features such as Travel Assist, IQ.LIGHT or Electric Vehicle Route Planner and a new Volkswagen design language. The production version will be based on the MEB Entry platform and is one of ten new electric models that Volkswagen will launch by 2026.
World premiere of the ID. 2all concept: the electric car from Volkswagen costing less than 25,000 euros
Provider: View Original
Type: Link
Title: World premiere of the ID. 2all (ID. 2all – the vehicle is a concept car and is not available for sale.) concept: the electric car from Volkswagen costing less than 25,000 euros
Description: The Volkswagen brand is continuing the success story of its compact cars in the age of electric mobility and is providing a first glimpse of an all-electric Volkswagen costing less than 25,000 euros with the ID. 2all concept car. Initial facts: front-wheel drive, range of up to 450 km, innovative technological features such as Travel Assist, IQ.LIGHT or Electric Vehicle Route Planner and a new Volkswagen design language. The production version will be based on the MEB Entry platform and is one of ten new electric models that Volkswagen will launch by 2026.
‘Power Agreement’ – collective bargaining agreement concluded for Volkswagen’s battery company PowerCo
‘Power Agreement’ – collective bargaining agreement concluded for Volkswagen’s battery company PowerCo
Provider: Volkswagen Newsroom
Type: Link
Title: ‘Power Agreement’ – collective bargaining agreement concluded for Volkswagen’s battery company PowerCo
Description: PowerCo SE and IG Metall Lower Saxony and Saxony-Anhalt have reached agreement in the collective bargaining process. The collective bargaining agreement, which enters into force on May 1, 2023, provides a stable framework for a sustainable organization in addition to attractive working conditions. Featuring innovative elements such as flexible elective working hours for staff, the collective bargaining agreement will be instrumental in placing PowerCo in a strong position in the competition for the best talents. At the same time, the lean nine-grade remuneration system will create transparency and reduce complexity.
‘Power Agreement’ – collective bargaining agreement concluded for Volkswagen’s battery company PowerCo
Provider: View Original
Type: Link
Title: ‘Power Agreement’ – collective bargaining agreement concluded for Volkswagen’s battery company PowerCo
Description: PowerCo SE and IG Metall Lower Saxony and Saxony-Anhalt have reached agreement in the collective bargaining process. The collective bargaining agreement, which enters into force on May 1, 2023, provides a stable framework for a sustainable organization in addition to attractive working conditions. Featuring innovative elements such as flexible elective working hours for staff, the collective bargaining agreement will be instrumental in placing PowerCo in a strong position in the competition for the best talents. At the same time, the lean nine-grade remuneration system will create transparency and reduce complexity.
Volkswagen Group’s solid financial performance lays basis for profitable growth in key markets
Volkswagen Group’s solid financial performance lays basis for profitable growth in key markets
Provider: Volkswagen Newsroom
Type: Link
Title: Volkswagen Group’s solid financial performance lays basis for profitable growth in key markets
Description: The Volkswagen Group posted solid full year results for 2022, despite global economic headwinds. The results demonstrate that the Group has a strong financial basis on which to build in 2023, with strong margins and a very solid net liquidity in the automotive division. The Group’s BEV strategy continued to advance in 2022 and demonstrated the popularity of the latest model range, with robust performances across all regions. The Group remains the BEV segment market leader in Europe and continues to grow in China. Significant new models arriving in 2023 will add further tailwind and improve the Group’s market position.
Volkswagen Group’s solid financial performance lays basis for profitable growth in key markets
Provider: View Original
Type: Link
Title: Volkswagen Group’s solid financial performance lays basis for profitable growth in key markets
Description: The Volkswagen Group posted solid full year results for 2022, despite global economic headwinds. The results demonstrate that the Group has a strong financial basis on which to build in 2023, with strong margins and a very solid net liquidity in the automotive division. The Group’s BEV strategy continued to advance in 2022 and demonstrated the popularity of the latest model range, with robust performances across all regions. The Group remains the BEV segment market leader in Europe and continues to grow in China. Significant new models arriving in 2023 will add further tailwind and improve the Group’s market position.
Satellite Details World Premiere March 15th 2023
Satellite Details World Premiere March 15th 2023
Provider: Volkswagen Newsroom
Type: Link
Title: Satellite Details World Premiere March 15th 2023
Description: Thomas Schäfer, CEO of the Volkswagen brand: “Over recent months, we have been working tirelessly on our brand and our products. We’ll be presenting a car that not only gives a specific preview of a new electric model from the Volkswagen brand but also introduces the new design language for our future models. Along with Imelda Labbé, Board Member for Sales and Marketing, Kai Grünitz, Board Member for Technical Development and Andreas Mindt, Head of Design, we show you specifically how we’ll be positioning Volkswagen for the years ahead. “ #VWforthepeople
Satellite Details World Premiere March 15th 2023
Provider: View Original
Type: Link
Title: Satellite Details World Premiere March 15th 2023
Description: Thomas Schäfer, CEO of the Volkswagen brand: “Over recent months, we have been working tirelessly on our brand and our products. We’ll be presenting a car that not only gives a specific preview of a new electric model from the Volkswagen brand but also introduces the new design language for our future models. Along with Imelda Labbé, Board Member for Sales and Marketing, Kai Grünitz, Board Member for Technical Development and Andreas Mindt, Head of Design, we show you specifically how we’ll be positioning Volkswagen for the years ahead. “ #VWforthepeople
Volkswagen Group steps up activities in North America – Canada chosen as location for first overseas gigafactory of its battery company PowerCo SE
Volkswagen Group steps up activities in North America – Canada chosen as location for first overseas gigafactory of its battery company PowerCo SE
Provider: Volkswagen Newsroom
Type: Link
Title: Volkswagen Group steps up activities in North America – Canada chosen as location for first overseas gigafactory of its battery company PowerCo SE
Description: The Volkswagen Group steps up its activities in North America in a bid to take a strong position in this important growth market for battery electric vehicles. The Group and its battery company PowerCo have selected St. Thomas in Ontario, Canada to establish Volkswagen’s first overseas gigafactory for cell manufacturing, which will produce sustainable unified cells, start of production is planned for 2027. The decision to expand the PowerCo cell production ramp-up from Europe to Canada is further proof of the ambitious growth strategy of the Group in North America.
Volkswagen Group steps up activities in North America – Canada chosen as location for first overseas gigafactory of its battery company PowerCo SE
Provider: View Original
Type: Link
Title: Volkswagen Group steps up activities in North America – Canada chosen as location for first overseas gigafactory of its battery company PowerCo SE
Description: The Volkswagen Group steps up its activities in North America in a bid to take a strong position in this important growth market for battery electric vehicles. The Group and its battery company PowerCo have selected St. Thomas in Ontario, Canada to establish Volkswagen’s first overseas gigafactory for cell manufacturing, which will produce sustainable unified cells, start of production is planned for 2027. The decision to expand the PowerCo cell production ramp-up from Europe to Canada is further proof of the ambitious growth strategy of the Group in North America.