Volkswagen depends on the United States and ID.2 at 25,000 euros to bounce again | EUROtoday
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VOlkswagen desires to consider that the worst has handed. The German automotive big, the second world producer with 9 million items offered, unveiled leads to internet decline for the yr 2024. The internet revenue dropped by 30 %, to 12.4 billion. Operating revenue dropped by 15 % to round 19 billion euros, for an nearly secure turnover at 325 billion euros. The working margin fell to five.9 %, in comparison with 7 % in 2023 and seven.9 % in 2022. The German group is due to this fact much less worthwhile than French Renault which claims 7.6 % margin in 2024, in opposition to 5.5 % for Stellantis.
The yr 2024 was marked by an unprecedented restructuring within the historical past of the producer. An settlement with the highly effective IG Metall union supplies for the abolition of 35,000 jobs in Germany by 2030, or round 10 % of native workforce. This main reorganization, which nevertheless avoids the closure of factories, ought to make it potential to generate 4 billion euros in annual financial savings. “We achieved a global financial performance decent last year. Our 2025 prospects reflect the global economic challenges and the profound changes that occur in industry, ”underlines Arno Antlitz, the group’s monetary director, through the presentation of the outcomes.
Cap on the United States
The producer desk for the present train on an working margin between 5.5 % and 6.5 %, a cautious goal which interprets the uncertainties weighing on a really aggressive and compelled sector to rework itself below the impact of the prohibition of the sale of thermal autos in Europe in 2035. Volkswagen should particularly confront the rise of Chinese producers in electrical energy and potential business tensions with the United States.
Read too Why the European automotive business is in perilFaced with the decline of its gross sales in China, the place its market share has melted by 20 % to 14.5 % in 5 years, Volkswagen is specializing in an bold development technique within the United States, the second world market. The group goals to double its presence there by 2030, to succeed in 10 % market share for all of its manufacturers, together with Audi and Porsche. He places particularly on the brand new electrical all-terrainians of his model Scout, particularly the Terrack-up and the SUV Traveler which might be launched in 2027. “Large pick-ups are a very high potential segment”, explains Oliver Blume, CEO of the group.
ID.2, spearhead of the electrical offensive
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To speed up in electrical energy, a market which he dominates at present in Europe, Volkswagen depends on the ID.2, its future inexpensive mannequin whose launch is confirmed for the top of 2025, with an enormous manufacture in 2026. This compact car, which needs to be produced in Spain within the Seat manufacturing facility in Martorell, will provide as much as 450 km of autonomy for a beginning value under 25,000 euros, with a deliberate SUV model.
The lengthy -awaited 4 -seater ID.EVERY1, entry -level automotive vary promised round 20,000 euros will comply with in 2027. This “new people’s car” might be produced on the Portuguese manufacturing facility in Palmela, 40 km south of Lisbon, stated Thomas Schäfer, boss of the flagship model of the VW group. “With the launch of affordable electric mobility, our fleet of autonomous vehicles and the manufacture of battery cells in Germany, Volkswagen stands out as a European innovation lighthouse for the world and the world automotive technological engine,” says Oliver Blume. It stays to be seen whether or not Europe and the United States might be two ample development levers for the group.
https://www.lepoint.fr/economie/volkswagen-mise-sur-les-etats-unis-et-l-id-2-a-25-000-euros-pour-rebondir-11-03-2025-2584467_28.php