Volkswagen Group - Strengthen substance, invest with purpose in the future, build lasting value

Strengthen substance, invest with purpose in the future, build lasting value: Oliver Blume presents key levers of plan for the future at Volkswagen AG Annual General Meeting 

Munich/Wolfsburg. The Volkswagen Group has set itself an ambitious goal: the company aims to become the world’s most attractive automaker by 2030. The Group has already laid essential cornerstones for achieving this: the brands are delivering new, exciting cars to customers under a comprehensive product campaign. Moreover, Volkswagen has achieved important milestones in respect of technologies, software, batteries, design and quality. In light of rising geopolitical tensions, more intense competitive pressure and growing trade barriers, the company is responding to the major challenges posed by the dynamically changing environment with a new plan for the future and positioning costs for zero-growth markets. At the Volkswagen AG's virtual Annual General Meeting, Oliver Blume, CEO of Volkswagen Group, outlined the plan’s eight areas of action: reduce complexity, intensify the focus on technologies, reduce overcapacities, strengthen regional responsibility, streamline the investment portfolio, increase operational excellence, reward performance, and simplify Group steering. The decisive implementation of the measures is to create the leeway needed for investing in the future and generating growth as well as strengthening financial robustness.

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