In a bid to keep Toyota away from their sales throne, Volkswagen will be introducing 34 new models worldwide next year. As you might expect, more than half of these new models will be SUVs, crossovers, electric and hybrid vehicles. We may see other niches further explored as well, such as pick-up trucks, premium sedans and more.
In 2019 alone, the Volkswagen brand premiered models like the 8th generation Golf, ID.3, T-Cross, Teramont, T-Roc R, and T-Roc Cabrio.
Besides the model offensive, the company will probably hit the 3 billion Euro cost savings that they’ve set out to achieved by next year. This year, they managed to reach 2.6 billion Euros of that final goal.
Volkswagen has been selling around 10 million cars worldwide for the last 5 years, with Asia Pacific and Europe being their largest markets by far. Besides hitting their lofty sales goals, they aim to half their CO2 emissions from production by 2025.
Here’s the press release with more information.
PRESS RELEASE
The Volkswagen brand will be launching 34 new models worldwide next year, including twelve SUVs and eight electric or hybrid vehicles.
The brand continues to stand by its commitment to the Paris climate goals. Vehicles and the company are to achieve a carbon-neutral balance by 2050. CO2 emissions from production are to be halved by 2025. Volkswagen is well on track in this respect thanks to its electric offensive.
The digital transformation roadmap is an important stepping stone for the company in its modernization and digitalization efforts. Signed off in 2019, the roadmap follows on from the pact for the future and focuses in particular on further improvements in competitiveness and earnings power over the coming years. It also lays the groundwork for expanding the software expertise of the brand and the Group. The Car.Software organization will already begin operating as an independent business unit in January 2020. By 2025, the in-house share of car software development and vehicle-related services is to rise from under ten percent today to at least 60 percent.
Production has also become more efficient in 2019, with the brand exceeding its annual productivity improvement target of five percent. The improvement by the end of the year is expected to be more than seven percent.
Last, but not least, 2019 was a successful year for vehicle premieres: In particular the Golf 8 and ID.3 as well as the T-Cross, Teramont, T-Roc R, and T-Roc Cabrio were extremely well received by customers.
