Press Release Capital Markets Day 2023
Volkswagen Group focuses its strategic alignment and launches performance programs at all brands to strengthen profitability and cash flow
Capital Markets Day 2023
The Volkswagen Group Capital Markets Day 2023 took place on June 21, 2023 at the Hockenheimring.
“We have realigned Volkswagen Group strategically and technologically. Customer orientation, entrepreneurship and team spirit determine our actions. Ambitious, strategic return targets with structured performance programs strengthen our financial robustness. Our focus is on implementation, speed and performance: in the past nine months, we have already made important decisions for the setup of our company. With our stringent 10-Point-Program, we have clearly prioritized our operational and strategic areas of action. Core areas are our products, markets and customers, technologies and the financial framework of Volkswagen Group”
“Our new steering model is based on the principles of profitability, lower fixed costs and disciplined investment. Historically, our company has often tried to increase profitability through volume growth – and we have been successful with this strategy. However, we are convinced that the transformation of our industry towards e-mobility and digitalization requires a new approach. That is why we have introduced a steering model based on strong brand groups and technological platforms across brands. It prioritizes sustainable, profitable value creation over volume growth.”
Strategic Return on Sales Targets
9-11%
Volkswagen Group
Volkswagen Group focuses its strategic alignment and launches performance programs at all brands to strengthen profitability and cash flow
- New leadership principles focus on customer orientation, entrepreneurship and team spirit
- Paradigm shift to “value over volume” prioritizes sustainable value creation over volume growth
- Strategic Group return on sales target raised to 9 to 11 percent by 2030
- New steering model for the brand groups, sharpening of brand positioning and product range
- Each brand assumes responsibility for strategic return targets and pursues them with structured performance programs
- Rearrangement of platform architectures, battery, software and mobility services
- Realignment of regional strategies, especially in the markets China and North America
