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Volkswagen: Difference between revisions
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=== Volkswagen Passenger Cars === | === Volkswagen Passenger Cars === | ||
May 17, 2023: Volkswagen plans to restructure its core brand to increase efficiency and returns. The restructuring effort will result in at least 3 billion euros annually in cost savings. -The cost savings are not expected to come from job cuts although the number of employees will likely decline due to non-replacement of retirees. "We can see that our brand – despite all its strengths – is not yet on a sufficiently solid economic footing," VW brand chief Thomas Schaefer wrote in the memo. "We need to create good, competitive returns in times of crisis and in a continually volatile world," he wrote. Volkswagen's core brand targeted a return on sales of 6.5% in Q1 but only managed to achieve 3.5%<ref>https://uk.news.yahoo.com/volkswagen-brand-revamp-core-brand-182155890.html</ref>. The overhaul plans will be showcased during the capital markets day in June 21<ref>https://seekingalpha.com/news/3972713-volkswagen-to-outline-multi-billion-euro-cost-saving-program-report</ref>. | |||
April 17, 2023: Volkswagen unveiled today ID.7 electric sedan that is expected to challenge Tesla's Model 3. The new ID.7 has a range of up to 700km and a charging capacity of about 200 kW. It is expected to be launched in 2023 autumn in China and Europe and in 2024 in North America. “With the ID.7 we are taking the next step in our electric offensive. The limousine offers a high level of comfort and long ranges. Already by 2026, we will offer the widest electric range of all manufacturers in Europe – from the entry-level model for less than 25,000 euros up to the ID.7 as the new top model within the ID. family. Our goal is to achieve an electric car share of 80 per cent in Europe by 2030. As from 2033, Volkswagen will produce only electric vehicles in Europe.”Thomas Schäfer, CEO of Volkswagen Passenger Cars said. “The ID.7 sets new efficiency standards on the basis of the modular electric drive matrix (MEB). We are aiming for a range of up to 700 kilometres in accordance with WLTP. This is made possible by very good aerodynamics and by significantly increased efficiency in the areas of the powertrain and thermal management.” Kai Grünitz, Member of the Brand Board of Management responsible for Development added<ref>https://www.cnbc.com/2023/04/17/volkswagen-id7-ev-range.html | April 17, 2023: Volkswagen unveiled today ID.7 electric sedan that is expected to challenge Tesla's Model 3. The new ID.7 has a range of up to 700km and a charging capacity of about 200 kW. It is expected to be launched in 2023 autumn in China and Europe and in 2024 in North America. “With the ID.7 we are taking the next step in our electric offensive. The limousine offers a high level of comfort and long ranges. Already by 2026, we will offer the widest electric range of all manufacturers in Europe – from the entry-level model for less than 25,000 euros up to the ID.7 as the new top model within the ID. family. Our goal is to achieve an electric car share of 80 per cent in Europe by 2030. As from 2033, Volkswagen will produce only electric vehicles in Europe.”Thomas Schäfer, CEO of Volkswagen Passenger Cars said. “The ID.7 sets new efficiency standards on the basis of the modular electric drive matrix (MEB). We are aiming for a range of up to 700 kilometres in accordance with WLTP. This is made possible by very good aerodynamics and by significantly increased efficiency in the areas of the powertrain and thermal management.” Kai Grünitz, Member of the Brand Board of Management responsible for Development added<ref>https://www.cnbc.com/2023/04/17/volkswagen-id7-ev-range.html | ||