Volkswagen promises shareholders a “New Auto” strategy – a summary of Lower Saxony

Volkswagen promises shareholders a “New Auto” strategy – a summary of Lower Saxony

At last year’s General Assembly, Herbert Diess, CEO of Volkswagen AG, once again swore in shareholders for his “New Cars” strategy. “We assume that the e-mobility business will have the same benefits as our combustion engine business sooner than planned. Because we are launching our electronic mobility module system, changing plants more and more and also selling our technology to competitors such as Ford “Diess said, emphasizing:” The electronic mobility plan goes according to plan. “

Herbert Diess, CEO of Volkswagen Group | Photo: Volkswagen AG

Volkswagen wants to work more closely not only with Ford, but also with car dealer Bosch to develop its autonomous driving software. To achieve this, the VW software unit hired approximately 1,000 new employees in 2021. “Our competitors today are Tesla, BYD, Foxconn, CATL, Uber and Cruise,” says Diess. Delivery restrictions due to the lack of cable connectors from Ukraine have now been significantly reduced.

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Even if the war lasts a long time, the distribution situation will be normal. In addition, Volkswagen CEO announced that the purchase of Europcar should be completed by the end of June. Volkswagen sold the car rental company in 2006 for a total revenue of EUR 3.32 billion to focus on its main business. There is now a purchase of about 3 billion euros per room.

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