2019 is key year: electric offensive set for launch, significant efficiency increases planned Earnings improvement program to make sustained €5.9 billion contribution from 2023 Investment from 2019 to 2023 rises to €19 billion €4.6 billion investment to implement digitalization roadmap for administration Outlook 2019: growth in sales revenue of up to 5 percent – corridor of… Continue reading Volkswagen brand steps up pace of transformation
Tag: VW
VW delivers fewer vehicles but gains market shares
In February, the Volkswagen brand delivered 398,100 vehicles throughout the world, 2.2 percent fewer than in February 2018. In an overall market which shrank even more strongly, Volkswagen was able to gain market shares throughout the world. The brand delivered more cars in Germany (+3.4 percent), Europe (+1.8 percent) and South America (+45.6 percent). Falls… Continue reading VW delivers fewer vehicles but gains market shares
VW brand to cut up to 7,000 jobs for 5.9 billion euro annual savings goal
FILE PHOTO: A Volkswagen badge on a production line at the Volkswagen plant in Wolfsburg, Germany, March 1, 2019. REUTERS/Fabian Bimmer/File Photo WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) on Wednesday said it will shrink its workforce by up to 7,000 staff, raise productivity and eke out 5.9 billion euros worth of annual savings at its… Continue reading VW brand to cut up to 7,000 jobs for 5.9 billion euro annual savings goal
Bentley production would be hit by hard Brexit, VW CEO says – Automotive News Europe
Volkswagen Group CEO Herbert Diess said a no-deal Brexit might mean the automaker’s UK-based Bentley brand would need to plan new investments in other countries. Asked in an interview with German broadcaster n-tv whether VW would relocate Bentley production if there was a hard Brexit, Diess said that would not be possible on a larger… Continue reading Bentley production would be hit by hard Brexit, VW CEO says – Automotive News Europe
Aston Martin boss Andy Palmer hits back at the doubters – BBC News
Media playback is unsupported on your device The boss of Aston Martin Lagonda has delivered a passionate defence of the company’s strategy amid signs some city investors are losing faith. Andy Palmer said the company will prove the sceptics wrong, as he stressed the luxury carmaker’s long-term plans and importance to UK manufacturing. Aston Martin’s… Continue reading Aston Martin boss Andy Palmer hits back at the doubters – BBC News
VW sets bold targets as it steps up electric ambitions
German carmaker concedes that battery vehicles push will lead to loss of jobs Go to Source
Porsche lays the foundations for continued growth in Leipzig
The comprehensive expansion project was launched this Tuesday in the presence of the Minister President of Saxony, Michael Kretschmer, the Lord Mayor of Leipzig, Burkhard Jung, Albrecht Reimold, Member of the Executive Board for Production and Logistics at Porsche AG, and Gerd Rupp, Chairman of the Executive Board at Porsche Leipzig GmbH. As part of… Continue reading Porsche lays the foundations for continued growth in Leipzig
SLM Solutions and Bugatti driving automotive sector with metal 3D printed parts
SLM Solutions, a German provider of metal additive manufacturing systems, has released more information about working with Bugatti, the French manufacturer of high-performance automobiles. The new information shows how 3D printing is used to develop critical components. Last year, the partners created a 3D printed brake caliper for the Bugatti Chiron. Recently the component underwent testing for serial production. Now,… Continue reading SLM Solutions and Bugatti driving automotive sector with metal 3D printed parts
Power struggle at Volkswagen: Board and works council of VW signal again willingness to negotiate
Car City Wolfsburg The VW Group lags behind in the production of classic combustion models compared to the competition. (Photo: Polaris / laif) Wolfsburg, FrankfurtBernd Osterloh is at the balance sheet press conference from Volkswagen physically not present. Actually, such events are about the numbers – not the works council. And yet Osterloh is the… Continue reading Power struggle at Volkswagen: Board and works council of VW signal again willingness to negotiate
Volkswagen warns on jobs as margins slip, electric plans accelerate
WOLFSBURG, Germany (Reuters) – Volkswagen will cut jobs as it speeds up the rollout of less labor-intensive electric cars and will review its sprawling portfolio of brands as it battles to reverse a slide in profit margins, the German carmaker said on Tuesday. The company said it planned to launch almost 70 new electric models… Continue reading Volkswagen warns on jobs as margins slip, electric plans accelerate