Volkswagen is focusing its motorsport strategy on electric mobility. A clear emphasis on fully electric racing cars will be backed up by the farewell to factory-backed commitments using internal combustion engines.
High performance combined with exceptionally sporty design – the top-of-the-line products of each Volkswagen model series are christened with the letter “R.”
Volkswagen Group China, together with its Chinese partners, plans to invest over 4 billion Euro next year, with around 40 percent of this investment going towards e-mobility.
The strategic mobility partnership between the Volkswagen Group and the Free and Hanseatic City of Hamburg is to be extended.
Volkswagen strengthens its Car.Software organisation with its Group responsibility for in-car software. Starting January 1, 2020, the Car.Software organisation will operate as an independent business unit.
Alexander Seitz, most recently CFO at Audi, becomes the Board member responsible for Controlling and Accounting at the Volkswagen Passenger Cars brand effective March 1, 2020.