Post by Volkswagen Group

Executive Board Presents Future Plan: In today's meeting, the Executive Board presented the Supervisory Board with a future plan comprising 12 initiatives and the 2030 target picture. The company is now facing the next phase of transformation, with a future plan that positions the Group to be more resilient, more efficient and more competitive. The model lineup will be gradually concentrated on the most attractive market segments and streamlined by up to 50 percent; offering complexity will be reduced by up to 75 percent. The Group is extending its technology leadership: key technology fields are being harmonized, Group-wide synergies are being systematically realized, and parallel structures are being eliminated. Production capacities are being adjusted to the changed global market environment and the sharply intensified competition, targeting approximately 9 million vehicles per year. CEO Oliver Blume: "By 2030, we will make the Volkswagen Group the most attractive automotive company in the world – with iconic brands, inspiring products, leading technologies, robust financial results, reliable capital market performance and a team spirit in action. With our future plan, we are now entering the next phase of transformation."   Find all the details here:  https://lnkd.in/dGhrbpNP