July 27, 2021

Volkswagen continues its transformation into a “global mobility supplier”



Posted on Jul 13, 2021 at 6:42 PMUpdated Jul 13, 2021, 7:22 PM

They may become electric and autonomous, safer and smarter, “cars are here to last,” Herbert Diess, CEO of the Volkswagen group promised Tuesday, presenting his strategy for 2030. Individual car trips should according to still represent 85% of mobility in 2030. And Volkswagen is determined to support and make the most of the transformation.

By calling its new strategic plan “New Auto”, the German giant is confirming its desire to move from the status of manufacturer to that of “global mobility supplier”, with a wide range of software services. A transformation that should not weigh on its profitability: also committed to a plan to optimize its costs, Volkswagen has revised its operating margin target upwards to 8 to 9% in 2025, against 7 to 8% previously forecast. .

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