ŠKODA AUTO CEO Bernhard Maier explains: “ŠKODA AUTO has performed well in recent years and has a solid financial foundation. In response to the current exceptional situation caused by the COVID-19 pandemic, we immediately implemented comprehensive measures to stabilise sales, sales revenue and operating profit. These measures are already proving effective and we will consistently continue… Continue reading @VW Group: ŠKODA AUTO achieves operating profit of 228 million euros in first half of 2020 despite COVID-19 pandemic
Author: VW_Official
@VW Group: Audi Annual General Meeting votes on squeeze-out
A more efficient division of labor and increased Group synergies – as part of the reorganization of competencies within the Volkswagen Group, today’s Audi Annual General Meeting will also vote on a so-called squeeze-out under stock corporation law. This will result in the transfer all the Audi shares of the remaining shareholders to Volkswagen AG,… Continue reading @VW Group: Audi Annual General Meeting votes on squeeze-out
@VW Group: TRATON GROUP sees first signs of business recovery in third quarter
The TRATON GROUP recorded lower unit sales, sales revenue, and earnings in the first six months of 2020 in the wake of the expected market downturn in Europe and the significant impact of the global COVID-19 pandemic. Unit sales recorded by the three brands Scania, MAN and Volkswagen Caminhões e Ônibus from January to June… Continue reading @VW Group: TRATON GROUP sees first signs of business recovery in third quarter
@VW Group: Volkswagen brand with effective crisis management in the first half of the year
Business at the Volkswagen Passenger Cars brand was significantly impacted by the global Covid-19 pandemic in the first half of 2020. However, effective countermeasures reduced the impact of the crisis. Through strict cost management the brand substantially reduced its general overhead costs, expenditures for research and development and capex year-on-year. In addition, production was strictly… Continue reading @VW Group: Volkswagen brand with effective crisis management in the first half of the year
@VW Group: 30Jul Italdesign and Ducati to introduce Urban-E, the new foldable e-bike The e-bike will be available starting from September
Italdesign and Ducati together to present Urban-E, the folding e-bike ideal for urban mobility, combining innovative and ergonomic solutions with a unique style. Available in black or gray versions, Urban-E is built on a special aluminum frame, designed by the Ducatidesigners in collaboration with their colleagues working at the Industrial Design Division of Italdesign, featuring… Continue reading @VW Group: 30Jul Italdesign and Ducati to introduce Urban-E, the new foldable e-bike The e-bike will be available starting from September
@VW Group: Volkswagen Group measures reduce the effects of Covid-19 in the first half of the year
Frank Witter, member of the Group Board of Management responsible for Finance and IT, said: “The first half of 2020 was one of the most challenging in the history of our company due to the Covid-19 pandemic. The health of our employees, customers and business partners is still the top priority. With our 100-points plan… Continue reading @VW Group: Volkswagen Group measures reduce the effects of Covid-19 in the first half of the year
@VW Group: €3.75 bn debut syndicated revolving credit facility signed by TRATON SE
TRATON SE has signed its inaugural syndicated revolving credit facility in a total amount of €3.75 bn. The facility has a maturity of 3 years and can be extended twice for one year each (“3+1+1” years). The facility amount is provided by a consortium of 21 banks, thereby defining TRATON GROUP’s core relationship banks. The… Continue reading @VW Group: €3.75 bn debut syndicated revolving credit facility signed by TRATON SE
@VW Group: Lighting technology pioneer Audi fields next-generation OLED technology
07/29/20 Ingolstadt Models Audi TechFocus Newsletter #02 Audi Q5 40 TDI: Combined fuel consumption in l/100 km: 5.4 – 5.3 (43.6-44.4 mpg US) Combined CO2 emission in g/km: 143 – 139 (230-224 g/mi) Audi Q5 40 TDI: Combined fuel consumption in l/100 km: 5.4 – 5.3 (43.6-44.4 mpg US) Combined CO2 emission in g/km: 143… Continue reading @VW Group: Lighting technology pioneer Audi fields next-generation OLED technology
@VW Group: ŠKODA breaks new ground in interior design with individual Design Selections for the ENYAQ iV
The ENYAQ iV is the first ŠKODA based on the modular electrification toolkit (MEB). What changes has ŠKODA made to the interior design of this entirely new vehicle compared to a model with a combustion engine? Norbert Weber: The ENYAQ iV benefits from the MEB platform’s long wheelbase, which – in relation to the body… Continue reading @VW Group: ŠKODA breaks new ground in interior design with individual Design Selections for the ENYAQ iV
@VW Group: Audi uses drones to locate vehicles at Neckarsulm site
Audi is using a specially developed drone system to locate vehicles that are ready for dispatch at the Neckarsulm site. The flying device flies over the vehicle dispatch area at the Audi site in Neckarsulm autonomously. The drone uses GPS and RFID technology to identify and save the exact position of all vehicles it flew… Continue reading @VW Group: Audi uses drones to locate vehicles at Neckarsulm site