The economic environment for the automotive industry is more challenging than ever. This is also reflected in the figures of the Brand Group Core: despite robust sales and revenue development, our returns are under pressure due to high costs.
What’s crucial now?
➡️ We need to counteract this and, above all, achieve substantial reductions in fixed, manufacturing, and labour costs, particularly for the lead brand, Volkswagen.
➡️ We must implement our ongoing performance programs with full force.
➡️ We must develop additional, viable solutions to the severe headwinds we face and our own structural vulnerabilities.
These steps are essential for us to continue independently investing in new vehicles, technologies, and competitive factories.
Strong new models for our customers are helping us in this. From the Tiguan, Golf, and ID.7 Tourer to the VW Transporter, and from the Škoda Superb and Elroq to the CUPRA Terramar – each model is clearly differentiated, and developed and produced synergistically. They offer our customers the widest choice, top quality, and cutting-edge technologies. Truly great cars that we can be proud of!
Thank you to the teams of Wayne Griffiths Klaus Zellmer Carsten Intra and the Volkswagen team for your drive, perseverance and resilience.
We are currently facing very challenging times, but we know what needs to be done to secure our future success. Let’s make it happen!
Volkswagen | CUPRA | SEAT S.A. | Škoda Auto | Volkswagen Commercial Vehicles