VisionMission
We're the CORE of VW Group | The CORE Community |
The most desirable brands for our customers. With top technology at competitive costs.
Strong brands, one efficient and effective engine.
200,000 | 24 | >50 |
Employees | Plants | Model ranges |
in Europe |
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Strategic priorities
New governance with clear responsibilities
Clear differentiation across brands
Focus on costs & capital efficiency
Synergies, impact as a brand group
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Highlights in 2023
New Tiguan | Bus Festival |
ID.2all | ID.Buzz LWB |
Škoda in Vietnam | DarkRebel |
New Kodiaq | Tavascan |
CUPRA DarkRebel, CUPRA Raval - Concept cars, not for sale yet
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Synergy family BETA+
Our first lighthouse project
Volkswagen Passat
Škoda Superb
Passat Elegance 2.0 l TDI SCR 110kW (150PS) - Power consumption in kWh/100 km: combined 5.4-5.0 l/100km;
CO₂-emissions combined in g/km: combined 143-131 l. Information on consumption and CO₂ emissions, shown in ranges, depends on the selected vehicle equipment.
Synergy family Small-BEV
Our next big milestone
Tomorrow 10 a.m.
Concept cars, not for sale yet
+ | ||||
6Core Driver | ||||
#1 | #2 | Reduction of Complexity | ||
Competitiveness EV | Reduction of software variants | |||
Software, Battery, Architecture, platforms | ||||
#3 | Competitive Cost Structures | |||
Time-to-market | #4 Match cost structures of the competition | |||
Faster in hardware and software | ||||
#5 | Growth | |||
Optimization Sales Costs | #6 Volume growth to profit from scale effects | |||
Sales costs reduction & new sales formats | ||||
+ | Culture & Governance | |||
Adapt our culture and governance | ||||
to tackle the future |
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Brand Group Core Financial performance
FY 2022 1 vs. FY 2023
Vehicle
Sales2
[mill. units]
+19%
4.1 | 4.8 |
2022 | 2023 |
Sales
Revenue
[€ bn]
+21%
113.8 | 137.8 |
2022 | 2023 |
Operating Profit3
[€ bn]
+80%
7.3 | |
4.0 | |
2022 | 2023 |
RoS3
[%]
+1.7pp.
5.3 | |
3.6 | |
2022 | 2023 |
Net Cash
Flow
[€ bn]
5.6 | |
1.1 | |
2022 | 2023 |
1 previous year adjusted (IFRS17) | 2 without China business | 3 before special items |
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Disclaimer
Volkswagen AG published this content on 14 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2024 16:50:10 UTC.