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Volkswagen: Difference between revisions
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=== Volkswagen Passenger Cars === | === Volkswagen Passenger Cars === | ||
June 27, 2023: Volkswagen cuts EV production amid weakening sales. According to Manfred Wulff, head of the works council for the Emden plant, demand for EVs is up to 30% below originally planned production levels. “We are experiencing strong customer reluctance in the electric vehicle sector,” Wulff told the North West newspaper. The affected models are ID 4 SUV and the new ID 7 saloon, which was scheduled to be produced from July this year. The production of ID 7 saloon has now been pushed to “later this year”, according to Wulff. Wulff pointed out that 300 of the 1,500 factory workers in Emden plant will not have their contracts renewed in August 2023<ref>https://www.autocar.co.uk/car-news/new-cars/volkswagen-scales-back-ev-production</ref>. | |||
June 14, 2023: In order to achieve 6.5% return on sales target, Volkswagen Passenger Cars aims to improve earnings by around 10 billion euros by 2026. The group aims to achieve this by leveraging synergies and improving efficiency. The targeted efficiency is not expected to come from reduced wages or layoffs. One way they plan to improve efficiency is by reducing lower volume models such as Arteon and focusing more on higher-volume models. “We will focus on a small number of – though genuine – Volkswagen core models. This will reduce complexity and deliver higher profits," Thomas Schaffer said. They also plan to reduce the number of variants. "For the ID.7, for example, this means 99 percent fewer configuration options compared to a Golf 7," the press release noted. The press release added that optimizing efficiency will be necessary in order to produce the planned 25,000-euro entry-level electric<ref>https://www.volkswagen-newsroom.com/en/press-releases/performance-program-volkswagen-brand-aims-to-become-more-efficient-and-more-profitable-17315</ref>. | June 14, 2023: In order to achieve 6.5% return on sales target, Volkswagen Passenger Cars aims to improve earnings by around 10 billion euros by 2026. The group aims to achieve this by leveraging synergies and improving efficiency. The targeted efficiency is not expected to come from reduced wages or layoffs. One way they plan to improve efficiency is by reducing lower volume models such as Arteon and focusing more on higher-volume models. “We will focus on a small number of – though genuine – Volkswagen core models. This will reduce complexity and deliver higher profits," Thomas Schaffer said. They also plan to reduce the number of variants. "For the ID.7, for example, this means 99 percent fewer configuration options compared to a Golf 7," the press release noted. The press release added that optimizing efficiency will be necessary in order to produce the planned 25,000-euro entry-level electric<ref>https://www.volkswagen-newsroom.com/en/press-releases/performance-program-volkswagen-brand-aims-to-become-more-efficient-and-more-profitable-17315</ref>. | ||