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Volkswagen: Annual General Meeting/2023: Difference between revisions
Volkswagen: Annual General Meeting/2023 (view source)
Revision as of 12:39, 15 May 2023
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(Created page with "Return to: Volkswagen Annual General Meetings / Volkswagen == Summary == On May 10, 2023, Volkswagen Group held its 63rd Annual General Meeting<ref>https://www.volksw...") |
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On May 10, 2023, Volkswagen Group held its 63rd Annual General Meeting<ref>https://www.volkswagenag.com/en/InvestorRelations/annual-general-meeting.html | On May 10, 2023, Volkswagen Group held its 63rd Annual General Meeting<ref>https://www.volkswagenag.com/en/InvestorRelations/annual-general-meeting.html | ||
https://www.volkswagenag.com/presence/investorrelation/publications/shareholder-meetings/2023/Annual%20General%20Meeting%20Volkswagen%20AG%202023%20-%20Speech%20CEO%20Oliver%20Blume.pdf</ref>. The meeting was marred by activits protests who accussed the company of turning a blind eye to human rights abuses in its factory in China's Xinjiang province. | https://www.volkswagenag.com/presence/investorrelation/publications/shareholder-meetings/2023/Annual%20General%20Meeting%20Volkswagen%20AG%202023%20-%20Speech%20CEO%20Oliver%20Blume.pdf</ref>. The meeting was marred by activits protests who accussed the company of turning a blind eye to human rights abuses in its factory in China's Xinjiang province. Investors from Deka Investment and Union Investment asked the company to conduct an independent audit on the plant. VW's China board member, Ralf Brandstätter said that during his latest visit to the plant, he did “not see any evidence of human rights abuses at the plant”. He added that the company cannot conduct an independent audit on the factory without agreement from SAIC<ref>https://www.reuters.com/business/autos-transportation/chinese-competition-xinjiang-plant-loom-large-volkswagen-investors-agm-2023-05-10/</ref>. Outside the meeting premise, activists demanded that the company reduces its carbon footprint. "A constructive dialogue is important. And a general meeting offers a good opportunity for this," the company said in response to the protests<ref>https://www.dw.com/en/activists-throw-cake-amid-protest-at-volkswagen-meeting/a-65582496</ref>. Below is a summary of the main things touched on during the meeting. | ||
=== Business Conditions === | === Business Conditions === | ||
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* SKODA will launch three all-electric models by 2026. | * SKODA will launch three all-electric models by 2026. | ||
* The company plans to launch "ten new Volkswagen electric models up to 2026 – including an entry-level model with a price tag of around €25,000." | * The company plans to launch "ten new Volkswagen electric models up to 2026 – including an entry-level model with a price tag of around €25,000." | ||
=== Capital Market Valuation === | |||
* Oliver Blume said that Volkswagen group has a clear plan to increase its market valuation which will be presented during the Capital Markets Day in June. | |||
* He noted that they believe they can " achieve a sustainable increase in the value" of the company. | |||
== References == | == References == | ||