The Volkswagen Group is planning a billion-euro savings programme for its core brand VW to bolster profitability and generate money for investments in the transformation to electric mobility. The group will present its overhaul plans to investors at a conference on 21 June.
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Volkswagen has provided insights into its model planning for the upcoming EVs. According to brand CEO Thomas Schäfer, many points are still open – as the production of new electric cars will also depend on the demand for combustion engines. And this will also be decided in Brussels.
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According to a German media report, the all-electric VW ID.2 will start at less than €25,000 when it launches in 2025. And the carmaker allegedly has plans for an even cheaper EV, currently referred to as the ID.1, which could launch in 2027 and start at less than €20,000.
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The VW brand has increased its electric car sales targets in Europe and North America. In Europe, up to 80 per cent of the cars sold by VW are to be BEVs by 2030 instead of the previously planned 70 per cent; in North America, a BEV share of 55 per cent is planned by […]
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The new VW Group CEO Oliver Blume and Brand CEO Thomas Schäfer continue to readjust the plans of their predecessors. According to a media report, the design draft for the new electric flagship Trinity has fallen through – the model will be redesigned.
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The VW brand is about to fundamentally replan its product strategy for further electric models. According to the report, more electric cars based on the MEB are to be launched on the market, for which the MEB is to be modernised with an investment of billions.
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According to a media report, the new Volkswagen boss Oliver Blume is questioning the construction of the new electric car plant planned by his predecessor Herbert Diess in the Warmenau district of Wolfsburg. The result is that the electric flagship Trinity is “probably not to come until 2030”.
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The core brand Volkswagen Passenger Cars wants to build only pure electric cars in Europe from 2033 at the latest. Brand CEO Thomas Schäfer is thus bringing forward the previous goal of exiting the internal combustion vehicle business in Europe between 2033 and 2035. What’s more, a compact SUV based on the ID.3 could arrive […]
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Klaus Zellmer will become the new Chairman of the Board of Skoda Auto on 1 July 2022. The VW brand’s board member for marketing and sales succeeds Thomas Schäfer, who will take over as chairman of the board of the Volkswagen brand on 1 July.
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Volkswagen has decided to further electrify its European locations as part of its new planning round. 89 billion euros will be invested in future technologies such as electromobility and digitalisation alone over the next five years.
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According to a media report, VW brand manager Ralf Brandstätter is to become the Volkswagen group’s new board member for China, replacing group CEO Herbert Diess in this post. Brandstätter would thus still join the group’s board of management, albeit in a different capacity than previously suspected.
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