#Brands
The Volkswagen Group is a company of powerful brands whose iconic products meet every mobility need and are broken down into the brand groups of Core, Progressive, Sport Luxury and Trucks. All brands share the very same goal: to develop and offer innovative and sustainable mobility solutions. Here is some additional information on the topic.
85 contents with this tag
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TRATON GROUP boosts sales revenue, earnings, and profitability in the first nine months of 2024
The TRATON GROUP increased its sales revenue by 3% to €35.3 billion (9M 2023: €34.2 billion) in the first nine months of 2024 as the market conditions in Europe continued to normalize. This development was essentially driven by a positive market and product mix and by better unit price realization in the TRATON Operations business area. TRATON Financial Services contributed to the Group’s sales revenue growth due to a rise in portfolio volume. Adjusted operating result of the TRATON GROUP was €332 million higher at €3.3 billion (9M 2023: €2.9 billion) and adjusted operating return on sales improved to 9.3% (9M 2023: 8.6%). This was thanks primarily to continued good price management combined with an improved cost structure in the TRATON Operations business area.
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Porsche remains on course and confirms forecast for full year 2024
Porsche AG continued on its planned course in the first nine months of 2024.
Article
TRATON GROUP announces ambitious goals
During its Capital Markets Day 2024 in Munich, the TRATON GROUP outlined its ambitions for its medium-term business development. The adjusted operating return on sales is expected to be between 9 and 11% in 2029. The corresponding outlook for the current fiscal year 2024 is between 8 and 9%. The TRATON GROUP plans to grow its sales revenue by 20 to 40% over the period 2024 to 2029. Moreover, TRATON aims to fully repay the net financial debt of the industrial business within this time frame.
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TRATON SE
With its brands Scania, MAN, International, and Volkswagen Truck & Bus, TRATON SE is one of the world’s leading commercial vehicle manufacturers. Its range comprises light-duty commercial vehicles, trucks, and buses. The Group aims to reinvent transportation — with its products, its services, and as a partner to its customers.
Article
A change in the Audi Board of Management: Marco Schubert takes over Sales and Marketing from Hildegard Wortmann
Marco Schubert is returning to Audi after three years and becoming the new Member of the Board of Management for Sales and Marketing. The Supervisory Board of Audi made this decision on August 30, 2024. Schubert succeeds Hildegard Wortmann, who is leaving the Audi Board of Management on August 31, after five years at her own wish and by harmonious mutual agreement. At the same time, Wortmann will leave her role in the Extended Executive Committee of Volkswagen Group.
Press Release
Brand Group Core with stable sales revenue and product offensive in first half of 2024 - High fixed costs and one-off effects significantly impact profitability of Volkswagen brand
In a year shaped by a persistently weak economic environment, more intense competition and political challenges, the Brand Group Core continues to focus on successful model ramp-ups and execution of the performance programs in the various brands. The Brand Group plans to boost profitability in the second half of the year through a clear focus on strict cost efficiency and the realization of synergies generated by cooperation, as well as through growth.
Press Release
Volkswagen Group with solid performance in a demanding environment for the first half of 2024
Outlook for 2024 Confirmed. The Volkswagen Group expects the sales revenue to exceed the previous year’s figure by up to 5% in 2024. The operating return on sales for the Volkswagen Group and the Passenger Cars Business Area is likely to be between 6.5% and 7%.
Article
TRATON sells a total of 78,960 vehicles in the second quarter of 2024
With the market environment continuing to normalize, the TRATON GROUP also recorded slightly declining unit sales in the second quarter of 2024. According to preliminary data, a total of 78,960 vehicles were delivered across all brands in the second quarter of 2024, down 5% on the prior-year quarter. In the first half of the year, unit sales amounted to 160,108 vehicles, also equivalent to a decline of 5%.
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Porsche delivers 155,945 vehicles in the first half of the year
In the year of product launches, Porsche maintains stable sales in the first half of 2024: a total of 155,945 vehicles were handed over to customers worldwide between January and June.
Article
TRATON shareholders approve Executive and Supervisory Boards’ actions and resolve on 2023 dividend — more than double last year’s
TRATON SE shareholders have approved all items on the agenda for this year’s Annual General Meeting by a large majority. One of the votes resolved on a dividend payout of €1.50 per share for fiscal year 2023, more than twice as high as last year’s figure of €0.70. In addition, the shareholders approved the actions of the members of the Executive and Supervisory Boards for fiscal year 2023 as well as the submitted remuneration report.
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Porsche AG updates product range and doubles dividends
Porsche AG holds its virtual Annual General Meeting on 7 June. Chairman of the Executive Board Oliver Blume expresses his satisfaction to the company’s shareholders and explains the current strategy, which the management aims to continue pursuing despite the challenging macroeconomic conditions.
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SEAT S.A. achieves the best sustainability results in its history and reduces the environmental impact of its facilities by 53% since 2010
SEAT S.A. achieved the best sustainability results in its history in 2023, thanks to the effectiveness of its strategic projects in the environmental, social and governance (ESG) areas. The company has reduced the environmental impact of its facilities in Martorell, Barcelona and El Prat by 53% since 2010 by improving its production processes. In the last year, it has also implemented wellness and diversity programmes that had a direct impact on the entire workforce, in addition to strengthening the governance structure.
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Group
The Group comprises ten brands from five European countries: Volkswagen, Volkswagen Commercial Vehicles, ŠKODA, SEAT, CUPRA, Audi, Lamborghini, Bentley, Porsche and Ducati. In addition, the Volkswagen Group offers a wide range of further brands and business units including financial services. Volkswagen Financial Services comprises dealer and customer financing, leasing, banking and insurance activities, and fleet management.
Article
Porsche AG kicks off a year of product launches with determination
Porsche AG has got off to a vigorous and forward-looking start to the challenging 2024 financial year. In this year of product launches, the sports car manufacturer is renewing four out of its six model lines. The first quarter was marked by the ramp-ups of the third model generation of the Panamera and the new Taycan. In addition, large-scale investments have been made in digitalization and research and development. Accordingly, the Porsche Group recorded an expected decline in sales and earnings in the first three months. At the end of the quarter, Group sales revenue amounted to 9.01 billion euros (previous year: 10.10 billion euros). Group operating profit was 1.28 billion euros (previous year: 1.84 billion euros). Group sales revenue came in at 14.2 per cent (previous year: 18.2 per cent).