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Volkswagen leaning down and optimizing product to try and double profitability

Volkswagen profitability

As Volkswagen Group refocuses its business strategy to further prioritize profitability and cashflow, it is announcing a new optimization program pertaining to its Passenger Cars namesake specifically. The “Accelerate forward | Road to 6.5” program will leverage synergy across the VW Passenger Car brands in order to more than double profits to 6.5%.

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China’s EV surge threatens legacy automakers market dominance from GM to VW

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As new, advanced EVs take over the auto market in China, legacy automakers, including Volkswagen, General Motors, Toyota, BMW, Honda, and Mercedes Benz, will all lose significant market share, according to a new Greenpeace report.

The legacy automakers, who once dominated the market in China, are now at risk of losing their positions to domestic EV makers in the region.

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VW general meeting interrupted by activists, cake thrown over EV pace and China labor

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On Wednesday, several activist groups briefly interrupted Volkswagen’s annual general meeting. One claimed VW is “making climate-damaging decisions,” and the other says the automaker uses forced labor to build cars in China.

Cake was thrown from an unknown party, and investors raised concerns over VW losing ground in China to EVs.

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Volkswagen Group volume brand sales climb, BEV deliveries up 50% in Q1 2023

Volkswagen Q1

For the first time ever, Volkswagen Group has shared detailed Q1 2023 financial results for its volume brand vehicles, including its namesake brand, Seat/Cupra, and its commercial division. The Group unit’s report shows promising growth in sales, profits, and most importantly, BEV deliveries. Here’s the latest.

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Canada lures Volkswagen’s new battery plant north by matching billions in subsidies offered by US

Volkswagen battery Canada

Canadian Prime Minister Justin Trudeau has announced a massive deal with German automaker Volkswagen Group to implement its first electric vehicle plant outside of Europe in the country. Canada has promised the group billions in matched subsidies offered by the US government to construct its massive new battery gigafactory north.

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Volkswagen plans to sell 25 BEV models in US by 2030 that qualify for full $7,500 tax credit

US EV investments

German automaker Volkswagen Group is looking to more than double its current share of the US market by prioritizing EV production in North America. By adhering to new terms laid out in the Biden Administration’s Inflation Reduction Act, Volkswagen intends to deliver at least 25 all-electric models over the next seven years that will qualify for the entire $7,500 federal tax credit.

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Volkswagen ID. Buzz gains solar roof panels for camping and added range from ABT

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Volkswagen’s electric version of its iconic microbus, the VW ID. Buzz has just gotten even more adventure-friendly. Custom German auto tuner ABT revealed today it has developed solar modules to fit on the roof of the ID. Buzz to add roughly 1,800 miles (3,000 km) per year to the vehicle’s battery or for off-grid power.

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Volkswagen’s new ID.7 electric sedan spotted for the first time in Germany without camo

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Volkswagen (VW) is set to release the series production version of its newest electric sedan, the ID.7, within the next few months. Although VW teased a special camouflaged model earlier this year, the ID.7 was caught without camouflage for the first time in Germany this week, giving us a closer look at what we can expect.

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