Annual General Meeting: Volkswagen Group Announces Multi-Billion Investments In Eco-Friendly Drives
AddThis Social Bookmark Button
By: Volkswagen

•Volkswagen Group seeking global leadership in e-mobility by 2025

•Conventional engines to become further 10 to 15 percent more efficient and cleaner by 2020

•Group CEO Müller: 'Diesel will remain indispensable for the foreseeable future.'

•'TOGETHER – Strategy 2025' future program already set important milestones for realignment of Group

Hanover – The Volkswagen Group is pressing ahead with the transformation of mobility. 'The future is electric. We intend to be the No. 1 in e-mobility by 2025', Matthias Müller, CEO of Volkswagen AG, announced at the Group's Annual General Meeting in Hanover. Throughout the Group, intensive efforts are underway to help achieve the breakthrough of this technology. At the same time, the Volkswagen Group is continuing to develop diesel and petrol engines, making them even more efficient and eco-friendly.

Müller made it plain at the Annual General Meeting that 'conventional engines will remain indispensable for the foreseeable future.' The CEO also updated the 3,000 shareholders attending the Annual General Meeting at the Exhibition Grounds in Hanover on the status of efforts to deal with the diesel crisis and showed how the Volkswagen Group was successfully realigning for the future of mobility with 'TOGETHER – Strategy 2025'. Volkswagen became the first automaker to give a concrete insight into a fully autonomous vehicle when it unveiled Sedric (Self-Driving-Car) at the Geneva Motor Show.

'In order to provide affordable, sustainable mobility on a large scale we will continue to deploy the complete spectrum of drive types: from conventional to fully electric', Müller said, outlining the Group's drivetrain strategy. He explained that the 12-brand Group is sending clear signals for the expansion of e-mobility. The Group has invested some three billion euros in alternative drive technologies over the past five years and will be tripling this amount in the course of the next five years.

'This is how the Group will be rolling out more than 10 new electrified models by the end of 2018. By 2025, we will be adding over 30 more BEVs.' The newly-established Center of Excellence in Salzgitter will bundle Group-wide competence in battery cells and modules. 'At the same time, we are conducting intensive negotiations to establish partnerships in the field of battery cells in Europe and China. You will soon be hearing more about this', the CEO added.

According to Müller, modern internal combustion engines will nevertheless be indispensable for the foreseeable future: 'This applies also and especially to the Euro 6 diesel, despite the current heated debate.' In total, the Volkswagen Group will be investing around 10 billion euros in these technologies by 2022, Müller: 'The internal combustion engine primarily is part of the solution, not part of the problem.' And he added: '124 years after it was invented, the diesel engine still has plenty of potential. And we intend to exploit that potential. By 2020, we will have made our internal combustion engines between 10 and 15 percent more efficient, and therefore also cleaner. This will help protect the environment and conserve resources.'


Trending News
  • Mercedes-AMG Motorsport Customer Racing Teams Set To Complete Back-To-Back Schedule Of Pirelli World Challenge Races
  • McLaren P1 LM Sets 6Min 43Sec Nurburgring Lap Time
  • MG Car Club Brings Its Biggest Ever Racing Grids To Silverstone For MGLive!
  • Aston Martin Vantage GT8 Qualifies 2nd For Nürburgring 24 Hours
  • Volley Of Peugeot 208 Models Arrive At The Home Of British Tennis Thanks To Jamie Murray

    Müller highlighted how the realignment of the Group was gaining a foothold, citing numerous further initiatives: 'Volkswagen is becoming faster, more focused, and more customer-driven.' The guiderail for all this is 'TOGETHER – Strategy 2025', the Volkswagen Group's program for the future. In Müller's words: 'We are transforming Volkswagen from an automaker into a globally leading mobility provider.' He added: 'Volkswagen needs to transform, because our industry will see more fundamental changes in the coming decade than we have experienced over the past 100 years.'

    A new era calls for new ways of thinking: 'More agile and courageous. More entrepreneurial and pragmatic.' He emphasized that this was just as important as technological change: 'I am convinced that an open culture, strong values, and integrity in our actions are essential for the future of Volkswagen.' TOGETHER – Strategy 2025 has a clear goal: 'What sounds great on paper must become part and parcel of everyday behavior.'

    Another central element of the program for the future is partnerships to develop new business opportunities or advance new technologies. According to Müller: 'Part of becoming the 'new' Volkswagen involves opening up as a company. In recent months, we have forged many promising partnerships.'

    Müller referred to several examples such as the plans to enter the economy segment with Tata, the envisaged joint venture with JAC in China to develop attractively-priced electric cars, and numerous cooperation projects in the field of mobility services. 'Building great cars is no longer enough' to secure the future. 'Today's customers expect more with regard to mobility. And these new customer requirements also mean that we need to change.'

    Notwithstanding the diesel crisis, Volkswagen is well prepared to face fundamental change in the automotive industry. 'In the last fiscal year, we laid the foundations for the most extensive transformation in the history of Volkswagen. And we put up an operative performance that was much better than many people had thought possible', Müller said: 'For 2017, it's now 'full speed ahead'!'

  • posted on conceptcarz.com

       Recent Articles
    The new S-Class: Sales of the luxury saloon commence

    In 2016 the Mercedes-Benz S-Class was the best-selling luxury saloon worldwide. Now the flagship model has been comprehensively modernised and is confirming its role as a technological trailblazer with......
    Daimler Lays Foundation For One Of The Biggest And Most Modern Battery Factories In The World

    ·Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, welcomes Federal Chancellor Dr. Angela Merkel and Minister President of Saxony, Stanislaw Tillich, at......
    Renault Zoe Named A Game Changer At Autocar Awards 2017

    The Renault ZOE has received the Game Changer award by Autocar judges at the worlds oldest motoring magazines annual awards ceremony at Silverstone this evening. The Renault ZOE, fitted with......
    Mercedes-Benz Announces Pricing On All-New Smart Fortwo Electric Drive

    -- Mercedes-Benz USA today announced pricing for the 2017 smart fortwo electric drive coupe and cabrio. Arriving in U.S. dealers this summer, the smart electric drive coupe will start at just 23,800*......
    Toyota Research Institute Explores Blockchain Technology For Development Of New Mobility Ecosystem

    — The Toyota Research Institute (TRI) announced today that it is exploring blockchain and distributed ledger technology (BCDL) for use in the development of a new mobility ecosystem that could accelerate......
    Michigan Science Center Unveils New $1.44M Toyota 4D Engineering Theater

    – Today, Toyota Motor North America (TMNA) and the Michigan Science Center (MiSci) unveiled the new Toyota 4D Engineering Theater (TET). The theater is designed to inspire the next generation of science,......
    2018 Alfa Romeo Stelvio
    2018 Alfa Romeo Stelvio  2018 Alfa Romeo Stelvio  2018 Alfa Romeo Stelvio  2018 Alfa Romeo Stelvio  2018 Alfa Romeo Stelvio  
    2018 Audi Q8 Sport Concept
    2018 Audi Q8 Sport Concept  2018 Audi Q8 Sport Concept  2018 Audi Q8 Sport Concept  
    2018 Ford Expedition
    2018 Ford Expedition  2018 Ford Expedition  2018 Ford Expedition  2018 Ford Expedition  2018 Ford Expedition  
    2018 Infiniti Q50
    2018 Infiniti Q50  2018 Infiniti Q50  2018 Infiniti Q50  2018 Infiniti Q50  2018 Infiniti Q50  
    2018 Mercedes-Benz GLA-Class
    2018 Mercedes-Benz GLA-Class  2018 Mercedes-Benz GLA-Class  2018 Mercedes-Benz GLA-Class  2018 Mercedes-Benz GLA-Class  2018 Mercedes-Benz GLA-Class  
    2018 Porsche Panamera Turbo S E-Hybrid
    2018 Porsche Panamera Turbo S E-Hybrid  2018 Porsche Panamera Turbo S E-Hybrid  2018 Porsche Panamera Turbo S E-Hybrid  2018 Porsche Panamera Turbo S E-Hybrid  2018 Porsche Panamera Turbo S E-Hybrid  
    2018 Subaru Crosstrek
    2018 Subaru Crosstrek  2018 Subaru Crosstrek  2018 Subaru Crosstrek  2018 Subaru Crosstrek  2018 Subaru Crosstrek  
    2018 Volkswagen Atlas
    2018 Volkswagen Atlas  2018 Volkswagen Atlas  2018 Volkswagen Atlas  2018 Volkswagen Atlas  2018 Volkswagen Atlas  
    2018 Volvo XC60
    2018 Volvo XC60  2018 Volvo XC60  2018 Volvo XC60  2018 Volvo XC60  2018 Volvo XC60  
    2017 Acura MDX
    2017 Acura MDX  2017 Acura MDX  2017 Acura MDX  2017 Acura MDX  2017 Acura MDX