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Volkswagen expects black numbers despite Corona - CEO Diess increases pressure on MAN

2020-09-30T08:39:03.504Z


The Wolfsburg-based car manufacturer Volkswagen is seeing the first signs of a trend reversal after the slumps as a result of the corona pandemic.


The Wolfsburg-based car manufacturer Volkswagen is seeing the first signs of a trend reversal after the slumps as a result of the corona pandemic.

Munich -

Volkswagen is

gradually leaving the corona pandemic behind.

In September, incoming orders and deliveries could again be up on the previous year, the group announced before the start of the virtual general meeting on Wednesday morning.

In July,

VW's

sales were down by 0.2 percent on the previous year.

The world's largest automaker was also cautiously confident about the coming months.

Assume a "continuation of the upward trend".

For the year as a whole, the company expects "a positive result in operational terms".

When it comes to electrification, the company wants to stick to its course.

"In both 2019 and 2020 we set the course for a leading provider of electric, digital mobility and reached important milestones," said CEO

Herbert Diess,

according to the speech.

The restructuring of the company is "not slowed down by Corona, but accelerated."

Volkswagen

plans to

invest 33 billion euros in e-mobility by

2024

.

Of this, 14 billion euros alone should flow into the development of IT competence and autonomous driving.

VW: CEO Diess increases the pressure on MAN

At the same time, Diess made the Munich-based truck manufacturer

MAN

responsible.

In the

commercial vehicle business

, the main focus is now on "increasing the efficiency of the traditional Munich manufacturer MAN," said Diess according to the speech.

The

MAN

board is planning to cut 9,500 jobs.

On Tuesday, the group terminated the current location and job security.

This would mean redundancies for operational reasons.

The move is considered a taboo break. * The works council has already announced massive resistance.

* Merkur.de is part of the nationwide Ippen digital network.

Source: merkur

All news articles on 2020-09-30

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