16 June
The Supervisory Board votes to approve the new “TOGETHER Strategy 2025”, aimed at making the Volkswagen Group a global leader in the provision of sustainable mobility. The path to becoming more focused, efficient, innovative, customer-responsive and sustainable, while maintaining profitable growth, is founded on four key pillars: The transformation of the core business will be effected by optimising the model range and through an electrification initiative which aims to sell between two and three million units a year based on a portfolio of more than 30 e-models by 2025. The Mobility Solutions business unit will be rapidly expanded as a means of realising new earnings potential. Digital transformation will boost innovative strength in all areas of the business. In accordance with those aims, battery technology, digitalisation and autonomous driving will become new competence fields for the Group. Future capital investments in the double-figure billions will fund Group-wide efficiency improvements and optimisation of the portfolio. The Volkswagen Group targets an operational return on sales of 7 to 8 percent by 2025, and a return on investment of over 15 percent in its automobile business. The targeted sustainable growth is accompanied by the specific objectives of delighting and enthusing customers, being an excellent employer, acting as a role model in terms of environmental concerns, safety and integrity, and achieving competitive earning power.
The Supervisory Board votes to approve the new “TOGETHER Strategy 2025”, aimed at making the Volkswagen Group a global leader in the provision of sustainable mobility. The path to becoming more focused, efficient, innovative, customer-responsive and sustainable, while maintaining profitable growth, is founded on four key pillars: The transformation of the core business will be effected by optimising the model range and through an electrification initiative which aims to sell between two and three million units a year based on a portfolio of more than 30 e-models by 2025. The Mobility Solutions business unit will be rapidly expanded as a means of realising new earnings potential. Digital transformation will boost innovative strength in all areas of the business. In accordance with those aims, battery technology, digitalisation and autonomous driving will become new competence fields for the Group. Future capital investments in the double-figure billions will fund Group-wide efficiency improvements and optimisation of the portfolio. The Volkswagen Group targets an operational return on sales of 7 to 8 percent by 2025, and a return on investment of over 15 percent in its automobile business. The targeted sustainable growth is accompanied by the specific objectives of delighting and enthusing customers, being an excellent employer, acting as a role model in terms of environmental concerns, safety and integrity, and achieving competitive earning power.