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Volkswagen: Difference between revisions
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=== Management Commentaries === | === Management Commentaries === | ||
September 4 2023: CEO of Volkswagen, Oliver Blume, said Chinese EV manufacturers are not a threat in Europe because their models in Europe will be more expensive than in China due to regulatory and set up costs. "On the market, we see that the Chinese are offering their vehicles at twice the price in our country than in China," he pointed out. He added that Chinese manufacturers don't have the combustion engine vehicles to help them finance EVs production. Blume pointed out that they will have to work on costs but he's confident that they can reduce it substantially since with the new standard cell, they can reduce costs by up to 50%. He said that legacy manufacturers have other several advantages over Chinese manufacturers. "We have the vehicle know-how, we have the quality level. And we have a brand heritage. The newcomers don't have that. We therefore see ourselves well positioned," he said<ref>https://www.marketscreener.com/quote/stock/VOLKSWAGEN-AG-436737/news/IAA-VW-boss-Blume-does-not-see-China-competition-as-a-threat-44764924/#AL</ref>. | |||
September 4, 2023: CEO of Volkswagen Passenger Cars, Thomas Schaefer, described the recent decline in EVs popularity, particularly in Germany, as an “intermediate low”. Speaking at the IAA Mobility Conference, Schaefer said, “We assume that the share of electric cars in Europe will increase significantly in the coming years.” "Since May we have seen an upward trend in incoming orders again," he noted. Schaefer reiterated that they don't take part in price wars initiated by Tesla. “We don’t take part in price wars,” he said. "In my experience, buying market share through price is not sustainable." He rejected claims by dealers that said Volkswagen increased prices in September 1st. “The prices of our electric cars were not increased as of September 1st, only those of some selected combustion engine models," he pointed out<ref>https://www.automobilwoche.de/agenturmeldungen/vw-pkw-elektroauto-strategie-ruckgang-der-nachfrage-nur-ein-zwischentief</ref>. | September 4, 2023: CEO of Volkswagen Passenger Cars, Thomas Schaefer, described the recent decline in EVs popularity, particularly in Germany, as an “intermediate low”. Speaking at the IAA Mobility Conference, Schaefer said, “We assume that the share of electric cars in Europe will increase significantly in the coming years.” "Since May we have seen an upward trend in incoming orders again," he noted. Schaefer reiterated that they don't take part in price wars initiated by Tesla. “We don’t take part in price wars,” he said. "In my experience, buying market share through price is not sustainable." He rejected claims by dealers that said Volkswagen increased prices in September 1st. “The prices of our electric cars were not increased as of September 1st, only those of some selected combustion engine models," he pointed out<ref>https://www.automobilwoche.de/agenturmeldungen/vw-pkw-elektroauto-strategie-ruckgang-der-nachfrage-nur-ein-zwischentief</ref>. | ||