Volkswagen Group further strengthens innovation and technology leadership

Volkswagen Group further strengthens innovation and technology leadership

24.11.2013: €84.2 billion for new models, environmentally friendly technologies and production

    €84.2 billion for new models, environmentally friendly technologies and production facilities over the coming five years

    Chinese joint ventures to invest €18.2 billion in the period from 2014 to 2018

    CEO Winterkorn: "Powering our way to the top."






photo caption from left to right: Stephan Weil, Prime Minister of Lower Saxony, Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, and Bernd Osterloh, Chairman of the General and Group Works Councils, after the Supervisory Board Meeting on 22 November 2013




The Volkswagen Group will invest a total of €84.2 billion in its Automotive Division over the coming five years. Over two-thirds of the total investment amount will continue to flow into increasingly efficient vehicles, drives and technologies, as well as environmentally friendly production.


This is the result of the Group's investment planning for 2014 to 2018 discussed by the Supervisory Board of Volkswagen Aktiengesellschaft at its meeting on Friday. "We will continue to invest strongly in our innovation and technology leadership, despite the uncertain economic environment.


This will once again significantly boost the Group's competitiveness and safeguard its future. I am convinced that this will give us extra power on our way to the top", said Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft.


Investments in property, plant and equipment in the Automotive Division will amount to €63.4 billion. Average annual investments in property, plant and equipment will be around €0.5 billion less than in the planning approved in 2012 for the period from 2013 to 2015.


"In times like these, our disciplined cost and investment management will remain a cornerstone of our activities", said Winterkorn. The lower level of investment in property, plant and equipment is due among other things to the postponement of construction projects and capacity optimization. Investments in products and technologies remain unaffected by the decline.


The ratio of investments in property, plant and equipment (capex) to sales revenue will remain at a competitive level of between six and seven percent in the period from 2014 to 2018.


Alongside investments in property, plant and equipment, the plans also include capitalized development costs of €19.5 billion and other investments including for financial assets in the amount of €1.3 billion. The increase in capitalized development costs as against previous planning is due to upfront investments in connection with the Group's CO2 targets.


More than half of the investments in property, plant and equipment (almost 60 percent) will be made in Germany. "The amount being invested in Germany is a strong testament to the fact that our home locations will continue to play a key role in the globally positioned Group going forward", said Winterkorn, adding:


"At Volkswagen, we are clearly committed to Germany as a manufacturing and development location. At the same time, we are also stepping up our investments in the markets outside Europe so as to further increase our global presence and capability."


According to Bernd Osterloh, Chairman of the General and Group Works Councils, "Volkswagen's focus on future viability and sustainability also extends to its investments – and this applies to both products and production. This is good for our locations and good for jobs. It is a positive signal, particularly in light of the difficult market environment."


At €41.2 billion (roughly 65 percent), the Group will spend a large proportion of the total amount to be invested in property, plant and equipment in the Automotive Division on modernizing and extending the product range for all its brands. The main focus will be on new vehicles and successor models in almost all vehicle classes, which will be based on the modular toolkit technology and related components.


This will allow the Volkswagen Group to systematically continue its model rollout with a view to tapping new markets and segments. The high level is due among other things to upfront investments relating to the changeover to Euro 6, which means completely revamping the Group's range of vehicles and engines.


In the area of powertrain production, new generations of engines will be launched offering additional enhancements to performance, fuel consumption and emission levels. In particular, the Group will continue to press ahead with the development of hybrid and electric motors.


In addition, the Company will make cross-product investments of €22.2 billion over the next five years. These include spending to expand capacity. Other investment focuses are press shops and paintshops, reflecting the Company's high quality targets and the continuous improvement of its production processes. Investments outside production are mainly planned for the areas of development, quality assurance, sales, genuine parts supply and information technology.


The joint ventures in China are not consolidated and are therefore also not included in the above figures. They will invest a total of €18.2 billion in new production facilities and products in the period from 2014 to 2018. These investments will be financed from the joint ventures' own funds.
 
   

- Christine Ritz, photo Volkswagen

Permanent-URL: http://www.automobilsport.com/volkswagen-group-strenghtens-innovation-technology-leadership---117464.html

24.11.2013 / MaP

More News

Mitsubishi Motors' Plug-in Hybrid EV System Wins RJC Technology of the Year 2014
13.11.2013
Mitsubishi Motors Corporation (MMC) announced that its Plug-in Hybrid EV System, an electric vehicle (EV) technology in the new mid-size SUV Outlander PHEV has been awarded the "RJC Technology of the Year 2014" by Automotive Researchers' and Journalists' Conference of Jap more >>
VW Golf TDI BlueMotion achieves 2.92 l/100 km for the first time
13.11.2013
Record-breaking trip    New Volkswagen Golf TDI BlueMotion uses less than three liters per 100 kilometers on the "Think Blue. Eco Ride."    1602 kilometers – from Nantes to Copenhagen withou more >>
ISO certificate for environmental footprint of the BMW i3.
11.11.2013
The TÜV SÜD Technical Inspectorate confirms that the total life cycle potential of the BMW i3 for emitting greenhouse gases is around 30 to 50 percent less than in comparable conventional vehicles.The BMW i3 hits the road – w more >>
Toyota leads industry in CO2 emissions reduction in Europe
04.11.2013
- Lowest fleet-wide average CO2 emissions of 103.6 g/km in 2012 for Toyota Motor Europe- 23% of total Toyota Motor Europe fleet emits below 100 g/km of CO2- 11 Toyota and Lexus models in Europe emit below 100 g/km of CO2, six below 90 more >>
Honda to Build New Test Course and Mega Solar System in Sakura, Japan
10.08.2013
Honda Motor Co., Ltd. announced plans to build a new test course and mega solar system on its property in the city of Sakura in Tochigi prefecture, Japan.In 2007 Honda initially announced its plan to build a large-scale test course featuring a high-speed circuit with a 4 km long track, but postponed the plan due to the global economic recession that bega more >>
BMW i seals partnership deal to provide home charging installation service in the UK.
07.08.2013
BMW i continues to forge ahead with the introduction of customer-friendly electromobility services in the UK, forming a partnership with Schneider Electric. The partnership sees Schneider Electric become, not on more >>
Toyota, Nissan, Honda and Mitsubishi Agree to Joint Development of Charging Infrastructure
30.07.2013
...for PHVs, PHEVs and EVs in JapanToyota Motor Corporation, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., and Mitsubishi Motors Corporation jointly announced their agreement to work together to promote the installation of more >>
Honda All-New Fit Hybrid Achieves Fuel Economy of 36.4 km/L
19.07.2013
-  More than 35% Improvement- The all-new Fit Hybrid will be the first model to be equipped with SPORT HYBRID Intelligent Dual Clutch Drive, Honda's lightweight compact hybrid system -Honda Motor Co., Ltd. achieved fuel more >>
Audi opens power-to-gas facility - World Premiere
25.06.2013
    Official inauguration of the Audi e-gas plant in Werlte/Emsland    e-gas from water, green electricity and carbon dioxide as a climate-friendly replacement for natural gas    Audi A3 Sp more >>
Hyundai livre les 15 premières ix35 Fuel Cell propulsées par hydrogène en Europe
13.06.2013
Hyundai Motor Company a livré à la ville de Copenhague au Danemark les premiers véhicules ix35 Fuel Cell équipés de piles à hydrogène. Ils ont été remis par le Président de Hyundai Motor Europe, Mr. Byung Kwon Rhi more >>
intercharge enables Europe-wide charging of electric vehicles
28.05.2013
Hubject GmbH's eRoaming platform goes live during the International Emobility Conference hosted by the German federal government.  photo caption:  Kickoff Hubject GmbH's eRoaming platform “Charge wherever you lik more >>
Zolder Circuit Clean Week 2020: election of the European E-Motorbike & E-scooter of the Year
09.05.2013
From the 1st to the 3rd of May, the Circuit Zolder race track once again hosted Clean Week 2020, which marked its fourth edition this year. Clean Week 2020 brought together stakeholders and interested parties working in the field of ecological more >>
Unique three-year demonstration shows effectiveness of plug-in hybrid with 46% fuel savings
12.04.2013
Today, Toyota, French energy provider EDF, the City and the Urban Community of Strasbourg officially concluded the three-year Plug-in Hybrid demonstration launched in Strasbourg on April 27, 2010. The partners revealed the final conclusions collected from this large-scale demonstration, designed to gather real-world vehicle use feedback on Toyota’s plug- more >>
EU validates Audi LED technology as eco-innovation
11.04.2013
    LED headlights recognized as energy-efficient technology    Audi is already equipping five model series with LED technologyLED headlights from Audi verifiably improve fuel economy. That is more >>
Toyota joins Mayor’s London Hydrogen Partnership
25.03.2013
International car manufacturer Toyota has joined the Mayor’s London Hydrogen Partnership (LHP), committing to work together to bring hydrogen and fuel cell technology to the capital. The development of a hydrogen economy in London will help support the Mayor’s ambitions to secure new jobs and investment whilst at the same time reducing environmenta more >>
BMW Manufacturing Expands Use of Hydrogen Fuel Cells
14.03.2013
photo caption: BMW team member at the BMW Plant in Spartanburg, SC, fuels a hydrogen-powered fuel cell fork liftBMW Manufacturing announced today the successful expansion of the company’s hydrogen fuel-cell material handling equipment across more >>
BMW takes two class wins from Ökotrend
03.01.2013
Two class wins for BMW in the new annual rankings from the ÖKOTREND Institute for Environmental Research.BMW EfficientDynamics is increasingly becoming a byword for driving enjoyment combined with the added bonus of outstanding environmental com more >>
MINI Convertible is class winner in new ÖKOTREND rankings.
03.01.2013
photo caption:  MINI Cooper D ConvertibleAUTO TEST magazine publishes latest environmental rankings list – MINI Cooper D Convertible is most eco-friendly open-top model on the German market.The mo more >>
Topping-out ceremony for the Audi e-gas plant
13.12.2012
    Cutting-edge power-to-gas plant in northern Germany    Audi e-gas project is milestone for sustainable mobility    e-gas production to begin in early 2013A more >>
BMW breaks the 100mpg barrier
05.11.2012
BMW’s award-winning and cleanest car currently on sale in the UK now has another accolade. A BMW 116d EfficientDynamics five-door Hatchback entered into the RAC Future Car Challenge 2012 achieved an outstanding103mpg over the 64-mile Brighton to London route, winning the Best Internal Combustion Engine class in the process. The route from Brighton to London included more >>
Toyota, Nissan, Honda & Hyundai sign MoU on market introduction of fuel cell vehicles
10.10.2012
... in Nordic CountriesToyota Motor Corporation (TMC) yesterday signed a joint Memorandum of Understanding (MoU) together with major automotive manufacturers and organisations from the Nordic Countries for the mar more >>
Hyundai est le premier à lancer la production en série d'un véhicule à pile à combustible émissions zéro
27.09.2012
· Pas moins de 1000 ix35 Fuel Cell sur la route d'ici 2015· La preuve par excellence de l'engagement de Hyundai en matière de mobilité écologique· Les flottes publiques et privées en tant que cible more >>
Longin Service, eerste KMO in Vlaams-Brabant met eigen windturbines
27.09.2012
Longin Service, specialist in reinigingswerken en afvalstoffenmanagement, heeft 2 windturbines geïnstalleerd op het bedrijf te Rotselaar. Longin Service is de eerste KMO in Vlaams-Brabant die deze windturbines in zijn bezit heeft. Dat Bert Longin he more >>
BMW Group and Local Motors team up ...
18.09.2012
....to identify the future of class-leading functions for premium vehicles in an urban environment.The BMW Group and Local Motors will jointly launch a first-of-its kind ideas competition intended to identify vehicle features and functions that will define the urban driving experience in the year 2025. In a project that will see the BMW Group more >>
Lotus F1 Team the catalyst for first solar ‘mega-watt’ project in Luxembourg
08.09.2012
Deal signed thanks to Lotus F1 Team will see Wallenborn go solar with Soleco.Lotus F1 Team partner Wallenborn and Jérôme D’Ambrosio personal sponsor Soleco have signed an agreement which will see Wallen more >>
BMW Partners with Green Mountain Energy Company
31.07.2012
...to Offer Renewable Energy Certificates to BMW ActiveE DriversBMW ActiveE drivers can reduce their dependence on fossil fuels even furtherBMW of North America today announced that it will partner with Green Mountain Energy Company more >>
Zwei ŠKODA Octavia Green E Line bei ČEZ im Einsatz
11.07.2012
-  Autohersteller kooperiert mit zentraleuropäischem Energieversorger-  Einjähriger Test zweier Elektro-Octavia unter Alltagsbedingungen- Ergebnisse fließen in die weitere Entwicklung des Elektroantrieb more >>
BMW i Born Electric Tour makes first stop in Rome
23.06.2012
photo: Palazzo della Esposizioni. Presentation of the BMW i Born Electric Tour. From left to right, Benoit Jacob (BMW i), Fabio Novembre (architect and designer), Franz Jung (President and Managing Director of BMW Group Italia), Marco Visconti (Rome City Councillor fo more >>
IJENKO annouces the launch of its new, open Home Energy Management Services Platform
19.06.2012
IJENKO, leading platform of residential energy efficiency and demand management services, announced today the launch of IJENKO Engage, its new, open Home Energy Management Services Platform, enabling service providers to deliver all type of more >>
BMW Group again named most sustainable automotive company.
15.06.2012
SAM Group presents SAM Sustainability Awards for the first time in Germany. BMW Group achieves Gold Class Status and is also named Sector LeaderThe BMW Group won two awards at yesterday’s SAM Group Sustainability Awards ceremony. The company earned SAM Gold Class Status and was also named Sector Leader, the best result among all vehicle maker more >>
World’s Largest Technology Tradeshow Sees 22 Percent Growth in Exhibitors
22.05.2012
...and 13 Percent Growth in International AttendanceIndependent Audit Confirms Record Numbers of Exhibitors, International Attendees at the 2012 International CESThe Consumer Electronics Association (CEA)®, owner and producer of the International CES®, today announced that 3,319 exhibitors from around the globe unveiled new technology products at the 2012 I more >>
BMW i8 Concept Spyder mit BMW eDrive in Peking
27.04.2012
Neue Bezeichnung für die Antriebs-Technologie aller zukünftigen Elektro- und Plug-in-Hybrid-Fahrzeuge.Der BMW i8 Concept Spyder, der auf der Auto China 2012 in Peking (23.04.–02.05.2 more >>
Honda to Reuse Rare Earth Metals Contained in Used Parts
19.04.2012
 Honda Motor Co., Ltd. and the Japan Metals & Chemicals Co., Ltd. today jointly announced the establishment of the world's first process to extract rare earth metals from various used parts in Honda products, in an actual mass-production process at a recycling plant, not an experimental process. Honda will pursue the recycling of precious resources by utilizing the newly established pr more >>
Mitsubishi Motors EV-Smart Grid Demonstration Project
12.04.2012
Starting Operation of "M-tech Labo," a smart grid demonstration systemMitsubishi Corporation (MC), Mitsubishi Motors Corporation (MMC) and Mitsubishi Electric Corporation (Mitsubishi Electric) have completed the development and begun the operation of "M-tech Labo,*1" a smart grid demonstration system that utilizes rechargeable batteries in Electric Vehicles (" more >>
Climate Week sponsorship driven by Nissan
28.02.2012
Nissan is to sponsor the most important fixture in the eco calendar, Climate Week.Running from 12 to 18 March, Climate Week is the biggest climate change campaign in the UK and is backed by the Prime Minister and Sir Paul McCartney.The sponsorship sees Nissan, manufacturer of the 100% electric LEAF, announced as the official vehicle partner a more >>
Toyota Yaris Hybrid sorgt für Revolution im Kleinwagen-Segment
24.02.2012
- CO2-Emissionen von nur 79 g/km ,Einstiegspreis knapp unter 17.000 Euro    Neuer CO2-Bestwert für Fahrzeuge mit Verbrennungsmotor    100 PS Systemleistung, volle Alltagstauglichkeit und hoher Komfort more >>
Mitsubishi Motors' i-MiEV Chosen as Canada's Most Fuel Efficient Subcompact Vehicle
24.02.2012
Mitsubishi Motors Corporation's (MMC) 100% electric-powered zero-emission i-MiEV was officially recognized yet again for its fuel efficiency in another country, this time Canada. The i-MiEV was chosen by Canada's Ministry of Natural R more >>
Honda Begins Installation of Solar Power Generation Systems
22.02.2012
....at Automobile Dealership Locations in JapanHonda Soltec solar panel installed at Adachi Odai location of the Honda Cars Tokyo Chuo dealer network Honda Motor Co., Ltd. announced the installation of a 9 kilowatt-capacity sola more >>
Mitsubishi i Named #1 on American Council
15.02.2012
...for an Energy-Efficient Economy (ACEEE) Annual "Greenest Vehicles" ListMitsubishi Motors Corporation, (MMC), and the 2012 Mitsubishi i – the all-new North American relative to the i-MiEV 1 more >>

2001-2020 automobilsport.com full copyright