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Volkswagen leaves the corona pandemic behind - CEO Diess increases pressure on MAN

2020-09-30T08:03:09.732Z


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 be higher than the previous year for the first time, the group announced before the start of the virtual general meeting on Wednesday morning.

The world's largest car manufacturer was also 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, the group made the Munich truck manufacturer

MAN

responsible.

In the

commercial vehicle business

, it is now primarily a matter of "increasing the efficiency of the traditional Munich manufacturer MAN," said Diess.

The MAN board yesterday canceled the current location and job security.

This would mean redundancies for operational reasons.

The works council has already announced massive resistance.

More soon.

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

Source: merkur

All news articles on 2020-09-30

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