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Published 9 months, 3 weeks ago

Cars Volkswagen Published by J. Doe

Annual General Meeting: Volkswagen confirms outlook for 2020 and underscores future investments

The Group implemented a 100-point plan to keep delivery chains stable and continue to supply dealers and customers with products.

The Group expects incoming orders and deliveries in September to be up on the previous year and anticipates that the upward trend will continue for the remainder of the year. “All medium- and long-term forecasts continue to involve considerable uncertainty and depend on the future course of the pandemic”, Diess added.

Statements on strategic areas and brands

In the commercial vehicle business, the focus is on implementing the Global Champion strategy to leverage the synergies between Scania and MAN even better and tap into further efficiency potential. In the Group Board of Management, Gunnar Kilian is now in charge of the Truck & Bus division and is systematically tackling the restructuring of our truck business. Together with the new TRATON CEO, Matthias Gründler, and the new MAN CEO, Andreas Tostmann, the focus will now be on improving the efficiency of the long-established Munich-based manufacturer MAN , Diess said .

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Sep 30, 2020 at 20:27

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