Volkswagen
Article about Volkswagen

Published 1 month, 2 weeks ago

Cars Volkswagen Published by J. Doe

Planning Round 70: Volkswagen drives forward electrification of its European plants and presents its plan for transforming the Wolfsburg site

Electrification of more European plants

In comprehensively electrifying its European plants, the Volkswagen Group intends to generate additional synergies and take advantage of economies of scale.

Transformation of Wolfsburg – vision for 2030 agreed

Project Trinity has been confirmed for the Wolfsburg plant, and additional derivatives will be examined in the next planning round. Planning Round 70 will make the Group much more competitive In updating its five-year planning, the Volkswagen Group also clearly defined the path to achieving its strategic financial targets as part of the NEW AUTO strategy.

The strategic target for 2025/2026 is an operating return on sales for the Group in the range of 8–9 percent. At the same time, capex and development costs will be trimmed to around 11 percent of revenue in the Automotive Division.

Original article

Dec 13, 2021 at 09:42

MEDIA CONTENT

Image related to: Planning Round 70: Volkswagen drives forward electrification of its European plants and presents its plan for transforming the Wolfsburg site.

AMOUNT OF IMAGES

6 items

COPYRIGHT

Volkswagen

MORE ARTICLES