Volkswagen Group - Executive Board Presents Future Plan

• The Volkswagen Group has undergone a fundamental realignment over the past three years: key targets across products, technology and regions have been met
• External financial headwinds in the double-digit billions have been sustainably offset through cross-brand performance programs
• 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 9 million vehicles per year
• The automotive core business is at the center of all activities: the equity and investment portfolio is being focused on strategic contribution and return

Full press release