WV boss Oliver Blume defended his austerity measures on the corporate’s common meeting. “In 2026, conditions in the auto industry will become even more difficult,” he mentioned at a digital shareholder assembly, consistent with a in the past launched speech transcript. “Our situation is tense and demanding. The company has to react to this.”
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Within the spring, Blume introduced the “target picture for the Volkswagen Group 2030” and defined the primary key issues for realignment. “Our business model, which has been successful for decades, no longer works today. We have to develop it further,” he mentioned. We’re operating on it. “In the summer, together with our supervisory board, we will make further important decisions.”
The objective is to be “the most attractive car manufacturer in the world” by means of 2030. Go back on gross sales must then be 8 to ten p.c.
Flower: You aren’t making sufficient cash
On the similar time, Blume undoubtedly assessed the efforts made up to now. With new fashions just like the just-launched electrical ID. Polo is a emblem heading in the right direction. “With our products, we are again at the forefront of the competition. However, we are not making enough money from it.” The continued austerity methods have already had an affect. Alternatively, this was once countered by means of new burdens led to by means of price lists, business limitations and geopolitical dangers.
VV is on the right track to chop 50,000 jobs around the crew by means of 2030. Within the core emblem on my own, the place 35,000 jobs are to be eradicated, the group of workers shall be decreased by means of 19,000 by means of the top of 2026, Bloom reported. 28,000 voluntary resignations have already been firmly agreed, and manufacturing unit prices at VV’s German places will drop by means of greater than 20 p.c in 2025.
Extra capability is reducing
On the similar time, Blume showed its plans to additional scale back manufacturing unit capability and scale back extra capability. By means of 2030, Blume desires to cut back the capability of its Eu vegetation by means of an extra 500,000 cars – along with the present capability relief of 1,000,000 cars by means of 2028. There must be the similar quantity in China, because of this that 1,000,000 vehicles shall be eradicated international. Bloom didn’t to begin with supply any main points at the explicit measures.
The shareholders’ meeting will once more be held completely digitally – as within the earlier two years. The control and supervisory board aren’t even in Wolfsburg, however are attached from Munich. Blume final in my view welcomed his shareholders in 2023.
© dpa-infocom, dpa:260618-930-240528/2
