Matthias Müller added ,
Chairman of the Board of Management, promised: "Volkswagen will not rest
until this matter has been resolved once and for all to our customers'
satisfaction." Volkswagen will inform the owners of the affected vehicles
individually as to when their vehicles will be updated. Volkswagen guarantees
that the solutions will be implemented free of charge. The company waives any
statute of limitations for the technical solutions, and will provide an
appropriate replacement vehicle if required.
of the new Group structure commences
Parallel to overcoming the
crisis, Volkswagen is also instituting a comprehensive new alignment that
affects the structure of the Group, as well as its way of thinking and its
Volkswagen will be managed in
a more decentralised fashion in the future, and its brands and regions will be
granted more independence. The Group's Board of Management is fully focused on
its core task: advancing the major, global issues for the future, as well as
synergies, controls, and strategy. Volkswagen will have significant input to
the technical changes that have a major impact on its own business model,
becoming more agile, and streamlining its decision-making processes. In
addition, Volkswagen will become leaner and improve cost efficiency. All these
structural changes ultimately aim to reduce managerial complexity and ensure
that the Group can be effectively led over the long term.
At an organisational level,
with the appointment of Dr. Christine Hohmann-Dennhardt, the Integrity &
Law area will be represented as its own department on the Group's Board of
Management in the future – a clear indication that these issues are extremely
important to Volkswagen. Significantly more importance will be attached to
digitalisation, which will report directly to the Chairman of the Board of
Management. Overall, direct reports will be reduced from more than 30 to 19.
The renewal of personnel in
the Group has recently again been given new impetus. Since the beginning of
2015, the Group's Board of Management has seen six new members join, seven of
the brands have had their top personnel changed, and eight departments falling
within the CEO's area of responsibility now have new heads. Müller stated:
"The team with which we wish to address the challenges of the coming
months and years is in place." The details of the new structure are to be
worked out in the first quarter of 2016. The new structure will be in place
Group-wide by the start of 2017.
destination under development
In addition, Volkswagen has
initiated development of a new strategic target: "Strategy 2025",
with which Volkswagen will address the main issues for the future, is scheduled
to be presented in mid 2016.
Müller explained, "We are
realigning Volkswagen strategically and technologically. Our goal is to
courageously and decisively participate in shaping the future of
mobility." Among other things, the Group aims to achieve a significant
expansion of its sales outside of its current core business. Furthermore, a digitalisation
and an electrification offensive are being prepared.
In parallel, Volkswagen is
currently doing everything it can to limit the effect the current situation has
on its business performance. The operating business is meeting expectations,
and the 2015 annual forecast, which was updated at the end of October, remains
unchanged. The sales figures are very mixed as regards the various markets and
brands. Müller explained, "Overall, the situation is not dramatic, but, as
was to be expected, it's tense."
The Chairman of the Board of
Management stated: "Although the current situation is serious, this
company will not be broken by it. We have a clear mission: we will create a
new, better, and stronger Volkswagen. A company that uses its strengths to make
the transition to the new world of automobiles. A company that now releases new
forces, and takes better advantage of its huge potential. And, last but not
least, a company that will be successful over the long term on the basis of