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Volkswagen - Annual Media, Analyst and Investor Conference 2021

18.03.2021 16:00
  • Volkswagen spent around EUR 2.7 billion on future technologies in 2020, a year overshadowed by Covid-19
  • This will enable the first milestones in the ACCELERATE strategy to be achieved in 2021
  • Big e-mobility push: over 450,000 electric vehicles to be delivered to customers in 2021, more than double the 2020 figure
  • Business model 2.0 to reach first milestone in summer: online car sales launched and test of subscription models with optional services will provide additional revenue potential
  • Outlook for 2021: Deliveries, sales revenue and profit expected to increase year on year; operating return on sales of 3 to 4 percent targeted
  • Volkswagen CEO Ralf Brandstätter: “We successfully managed the coronavirus pandemic with strict cost discipline and a strong sales performance. This enabled us to vigorously drive our transformation in this exceptional year as well.”

Full press release (ENG)

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