Announcement • Mar 13
Volkswagen AG announces Annual dividend, payable on June 23, 2026 Volkswagen AG announced Annual dividend of EUR 5.2600 per share payable on June 23, 2026, ex-date on June 19, 2026 and record date on June 22, 2026. Announcement • Mar 04
Volkswagen Faces Lawsuit on Alleged Illegal Conspiracy to Offer Direct-To-Consumer Evs Under New Scout Brand Volkswagen AG had two Volkswagen dealerships lodge a class-action lawsuit at VW accusing the automaker of attempting to skirt its legal obligations by selling its new Scout-brand electric vehicles directly to consumers, according to Hagens Berman. The lawsuit was filed March 3, 2026, in the U.S. District Court for the Eastern District of Virginia and states, “To avoid these obligations, VW formed separate companies (defendants Scout Motors Inc. and Scout Motor Sales LLC) to effectively act as shell corporations for distribution. In truth, Scout is simply an offshoot of Volkswagen, and Volkswagen’s decision to sell the Scout EVs is a blatant breach of its contract with the dealers.” Sunrise Imports LLC of Long Island, New York and Curran Volkswagen Inc. of Stratford, Connecticut bring claims on behalf of a proposed class of all US persons and entities who own or operate a Volkswagen dealership via a Volkswagen Dealer Agreement. The firm has brought prior successful litigation against Volkswagen on behalf of dealership owners when it achieved a $1,200 million settlement in the aftermath of the Dieselgate emissions-cheating litigation, in which the firm also played a leadership role, culminating in a separate $14,700 million settlement, the largest ever achieved against an automaker. Additionally, the firm represented FCA dealership owners against the automaker for practices that allegedly harmed dealers. The lawsuit cites contractual language from the Volkswagen Dealer Agreement stating plainly, “VWoA will sell and deliver Authorized Products to Dealer in accordance with this Agreement,” and “In the conduct of its business, VWoA will: …Avoid all discourteous, deceptive, misleading, unprofessional or unethical practices.” By refusing to sell “Authorized Products” to dealers, Volkswagen has breached its agreement, the lawsuit states. According to the lawsuit, Volkswagen sought to shirk its legal responsibilities “based on the fiction that Scout is separate from Volkswagen,” when in fact the brand was wholly obtained by Volkswagen AG when it acquired American truck manufacturer International Motors (Navistar) in 2021. As cited in the lawsuit, Scout’s CEO, Scott Keogh, stated publicly in a recent podcast, “100% Scout Motors is part of the Volkswagen Group. Scout Motors is a LLC, and reports into the Volkswagen Group directly in Germany.” The lawsuit brings claims of breach of contract, tortious interference with business relations and conspiracy to injure a business relationship and seeks damages (including punitive and treble damages) and injunctive relief ending the behavior in question. Announcement • Feb 21
Volkswagen Group Announces Executive Changes Andreas Mindt, Head of Design Volkswagen Brand, will additionally lead Group Design for the Volkswagen Group starting March 1, 2026. He succeeds Michael Mauer, who is leaving the company on amicable terms as part of a generational transition.
Mauer had previously transferred his responsibilities at Porsche to his successor. Andreas Mindt began his career in the Volkswagen Group in 1996 after graduating with a degree from the Pforzheim University School of Design. By 2014 he had already held several positions at the Volkswagen brand, working on the design of the first generation of the Tiguan and on the exterior design of the Golf 7, among other things. From 2014 until 2021, he spearheaded the realignment of Audi's exterior design from the Audi A1 through to the Audi e-tron GT and from the Audi Third Quarter through to the Audi Q8. From 2021, as Director of Bentley Design, he was tasked with defining Bentley's new design language, unveiled last summer with the Bentley Batur. He has held the post of Head of Design at the Volkswagen Passenger Cars brand since February 2023. Michael Mauer took over in 2004 as the fourth Head of Design in Porsche's long history, preceded by Ferdinand Alexander Porsche, Anatol Lapine and Harm Lagaay. Mauer studied automotive design at the Pforzheim University of Applied Sciences and joined Porsche following stints at Mercedes, Smart and Saab. At the beginning of his tenure at Porsche AG, he was responsible for the revision of the Cayenne, the new Panamera and the 918 Spyder super sports car. Michael Mauer also transferred the unmistakable Porsche design into the electric age. Since January 2023, he has acted as Head of Group Design for the Volkswagen Group while retaining his position at Porsche. Announcement • Dec 02
Volkswagen Group Announces Executive Changes Volkswagen Group announced that Effective December 1, 2025, Ludwig Fazel will be appointed as the new Head of Group Strategy, Group Product Strategy, and the General Secretariat of the Volkswagen Group. Until now, he has worked as Chief Operating Officer of Volkswagen Group Components and in parallel as Head of Strategy and Platform Business at Volkswagen Group Technology. his new role, Ludwig Fazel will report to Oliver Blume, CEO of the Volkswagen Group. He succeeds Stefan Weckbach, who is leaving the company at his own request. Ludwig Fazel studied Management and Technology at the Technical University of Munich and at Nanyang Business School in Singapore. Before joining Volkswagen, he worked as a strategy consultant at Roland Berger from 2008 to 2017. He brings a deep understanding of technology topics, the Group's international production network, and
cross-brand collaboration. In recent years, he has played a key role in transforming the Group's components business and making it future-proof. Most recently, as Chief Operating Officer of Volkswagen Group Components, he was responsible for the global production network with approx. 65,000 employees. In parallel, Fazel led the strategic direction of the Volkswagen Group Technology division, which includes Volkswagen Group Components as well as the Battery and Charging Energy business areas. He also established the sale of platforms and components to external partners such as Ford and Mahindra within the Group. Stefan Weckbach began his career after studying and earning a doctorate at the University of St. Gallen, initially working for a management consultancy. In 2008, he joined Porsche, where he held various positions, including in corporate strategy and product line management. Since September 2023, he has served as Head of Group Strategy, Group Product Strategy, and the General Secretariat of Volkswagen AG. Announcement • Nov 27
Perrone Robotics Files Patent Infringement Actions to Protect Foundational Robotic and Automated Vehicle Technology against Tesla, Toyota, Volkswagen, Hyundai, Kia, Mazda, and Nissan Perrone Robotics, Inc. and Perrone Robotics Innovations, LLC announced that they have filed lawsuits asserting infringement of Perrone Robotics' patented automated vehicle and robotics technologies by seven major automakers: Tesla, Toyota, Volkswagen, Hyundai, Kia, Mazda, and Nissan. The complaints, filed in the U.S. District Courts for the Eastern District of Texas and the Eastern District of Virginia, allege that general-purpose robotics operating systems and applications used with automated driving systems rely on Perrone Robotics' innovations without authorization. Now an industry standard, Perrone Robotics' technology was groundbreaking when company founder Paul Perrone developed it in the mid-2000s. The technology enables automated driving applications to be deployed across fleets of vehicles, an advancement that helped shape the foundation of today's automated vehicles. Paul Perrone was, and remains, a trailblazer in automated vehicle technology, robotics, and AI. Today, nearly every automaker, including the defendants, features automated driving applications as a core component of vehicle safety and driver convenience. The complaints allege that certain automated driving suites and vehicle software stacks incorporate features covered by Perrone Robotics' patents. Perrone Robotics is represented by leading national litigation firm Susman Godfrey LLP, including Shawn Blackburn, Sy Polky, Hunter Vance, Larry Liu, Sarah Pike, and Whitney Wester. Perrone Robotics continues to advance and deploy its autonomous vehicle technologies globally. The company remains focused on collaboration with industry partners, maintaining active integrations and programs that deliver safe, reliable, and practical autonomy solutions. Announcement • Nov 13
Volkswagen AG, Annual General Meeting, Jun 18, 2026 Volkswagen AG, Annual General Meeting, Jun 18, 2026, at 10:00 W. Europe Standard Time. Announcement • Nov 03
Volkswagen AG to Report Q1, 2026 Results on Apr 30, 2026 Volkswagen AG announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Oct 13
Volkswagen AG Names Markus Haupt as Its New Chief Executive Officer of Seat and Cupra Seat and Cupra, a Spain-based subsidiary of German automaker Volkswagen AG has named Markus Haupt as its new chief executive officer. Haupt has served as interim CEO since April 2025. He has over 20 years of experience in various roles within the Volkswagen Group and a career that started at Seat. He has expertise in production, logistics, and strategic leadership. He has served in leadership roles across multiple brands and countries. Haupt studied and graduated in Barcelona. Announcement • Sep 22
Volkswagen AG Reaffirms Group Earnings Guidance for the Year 2025 Volkswagen AG reaffirmed group earnings guidance for the year 2025. For the year, the group announced guidance of sales revenue remains unchanged (on the level of the previous year). Announcement • May 20
Volkswagen Weighs Plan to Sell or Find Partner for Italdesign Volkswagen AG (XTRA:VOW3) is considering a plan to sell its fully-owned design and engineering unit Italdesign (Italdesign Giugiaro S.p.A.) or to find a partner for it, union representatives said on May 19, 2025, as part of the German automaker's efforts to overhaul its European operations. Volkswagen, which controls Italdesign through its Audi unit, is under pressure from increasing competition and a lacklustre European car market. Audi was not immediately available for comment. Volkswagen, has received preliminary expressions of interest from four or five counterparts, the union representatives said after a meeting with Italdesign management, adding the German company will not consider offers from competitors or financial groups. "The management confirmed in the meeting that Audi is assessing a possible sale of Italdesign," Gianni Mannori of Fiom union told Reuters, adding alternative options could be considered. The process could take a few months, Mannori added. Rocco Cutrì, the head of FIM Cisl union in Turin, said Audi was running a preliminary due diligence process at Italdesign, to prepare the unit for the plan. Announcement • Mar 18
Volkswagen AG, Annual General Meeting, May 16, 2025 Volkswagen AG, Annual General Meeting, May 16, 2025, at 10:00 Central European Standard Time. Location: Volkswagen Aktiengesellschaft Group Investor Relations Mailbox 1849 38436 Wolfsburg Germany Agenda: The 65th Annual General Meeting of Volkswagen Aktiengesellschaft. Announcement • Mar 12
Volkswagen AG announces Annual dividend, payable on May 21, 2025 Volkswagen AG announced Annual dividend of EUR 6.3600 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025. Announcement • Jan 24
Volkswagen Reportedly Plans to Lower Traton Stake Volkswagen AG (XTRA:VOW3) intends to divest a 15% stake in its truck subsidiary Traton SE (XTRA:8TRA), pursuing proceeds of around EUR 2 billion (USD 2.08 billion), local magazine Manager Magazin reported on Wednesday. The potential deal is expected to take place in the first half of 2025, the magazine said, citing unnamed sources. Volkswagen currently holds 89.72% of Traton after selling a 10.28% stake in an initial public offering (IPO) in 2019. In May 2024, however, Volkwagen CEO Oliver Blume indicated intentions to reduce the shareholding to 75% plus one share in the medium-term. Announcement • Nov 28
Shanghai Motor Vehicle Inspection Center agreed to acquire Volkswagen factory in Xinjiang and a test track in Turpan from Volkswagen AG (XTRA:VOW3). Shanghai Motor Vehicle Inspection Center agreed to acquire Volkswagen factory in Xinjiang and a test track in Turpan from Volkswagen AG (XTRA:VOW3) on November 27, 2024. Announcement • Nov 23
Volkswagen AG to Report Fiscal Year 2024 Results on Mar 11, 2025 Volkswagen AG announced that they will report fiscal year 2024 results on Mar 11, 2025 Announcement • Sep 10
Volkswagen Announces Management Changes At Volkswagen Passenger Cars Brand, Effective October 1, 2024 With effect from October 1, 2024, there will be a change on the Board of Management of Volkswagen Passenger Cars brand. Patrik A. Mayer will take over from David Powels as Executive Vice-President for Finance and IT at SEAT S.A., while David Powels will take over the responsibilities of Patrik A. Mayer. Patrik A. Mayer will take over from David Powels as Chief Financial and IT Officer of SEAT. S.A., while David Powels will take over the responsibilities of Patrik A. Mayer. As CFO of the Volkswagen brand, Patrik Mayer has made a significant contribution to the structured and successful launch of the performance program. David Powel will build on this. And at the same time - under even more difficult conditions - provide impetus for competitive costs and structures. Patrik Andreas Mayer comes from Heilbronn, where he was born in 1970. After graduating from high school in 1990, Mayer studied mechanical and industrial engineering at KIT (Karlsruhe Institute of Technology), Coventry University and the École Nationale Supérieure d'Arts et Métiers in Paris. He also holds a Master of Business Administration from Henley Management College in the UK. He began his professional career at the Volkswagen Group in 1997 as an international trainee in Wolfsburg. In 2001, he became Head of Investment Controlling at the Volkswagen Passenger Cars brand. This was followed by numerous management positions within the Group, including Head of Business Development, Director of Finance at Volkswagen Navarra and Executive Vice President for Finance and Information Technology at Volkswagen Group of America in Chattanooga. In 2014, he was given responsibility for Controlling at the components plant in Kassel before being appointed to the Board of Management of Volkswagen Group Russia as Chief Financial Officer in 2016. Since October 1, 2022, he has been a member of the Volkswagen brand Board of Management with responsibility for Finance. David Powels David Powels graduated in Commerce from Nelson Mandela University of Port Elizabeth and qualified as a Chartered Accountant in South Africa. He also completed a postgraduate degree in Management Development at the University of Cape Town. Powels started his career at Volkswagen South Africa in 1989. After working in Germany and Brazil, he was appointed CEO of Volkswagen Group South Africa in 2007. He then became President and CEO of Volkswagen Brazil and the Volkswagen Region South America. Since the end of 2017, he has held the position of First Vice-President and Executive Vice-President for Commercial at SAIC Volkswagen Automotive Co. in China, and since September 1, 2021, Powels has been Board Member for Finance and IT at SEAT S.A. Announcement • Jul 11
Volkswagen AG Updates Earnings Guidance for the Full Year 2024 Volkswagen AG updated earnings guidance for the full year 2024. For the period, company now expects an operating return on sales of 6.5% to 7.0% (previously: 7.0% to 7.5%). Announcement • May 14
Volkswagen Reportedly Explores Stock Sale in Traton Volkswagen AG (XTRA:VOW3) is exploring the sale of as much as €1 billion ($1.1 billion) of stock in Traton SE (XTRA:8TRA), people familiar with the matter said, taking advantage of the truckmaker’s surging price to increase the number of shares available for trading. VW, which owns about 90% of Traton, has been talking to potential advisers about a sale to institutional investors via an accelerated bookbuilding transaction as soon as the next few weeks, the people said. The size of the offering could be about €500 million to €1 billion depending on market conditions, according to the people. Announcement • Feb 26
Volkswagen AG to Report Q1, 2024 Results on Apr 30, 2024 Volkswagen AG announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Jan 30
Volkswagen Ag Appoints Thomas Ulbrich as Its New Head of Technical Development in China on April 1, 2024 Volkswagen AG has named Thomas Ulbrich as its new head of technical development in China. 'Thomas Ulbrich, Member of the Board of Management for New Mobility at the Volkswagen brand since 2022, will be appointed head of Development at the Volkswagen Group in China on April 1, 2024. The statement also added that the Board of Management will be reduced to seven members from eight in future, and the 'New Mobility' and 'Technical Development' divisions will be integrated. Announcement • Nov 24
Volkswagen Engine Coolant Pump Settlement Reaches in Canada A settlement in Canada has been reached with Volkswagen to resolve allegations of issues with primary engine coolant pumps in certain 2008-2021 Volkswagen and Audi vehicles. Volkswagen completely denies any and all wrongdoing or liability, however its motivation in reaching the settlement is to ensure customer satisfaction and confidence in its vehicles. The class actions were certified on October 16, 2023. The parties have agreed to settle the class actions in Canada on a without prejudice or admission basis, by way of mutual concessions. The settlement must be approved by the Court to become effective. The settlement approval hearing will be held on December 1, 2023 at the Court of King's Bench, Saskatchewan, or virtually, subject to the direction of the Court. Requests to opt out or object to the settlement must be received by November 30, 2023. Announcement • Oct 21
Volkswagen AG Updates Group Earnings Guidance for the Year 2023 Volkswagen AG updated group earnings guidance for the year 2023. The company continues to expect Group sales revenue to be 10% to 15% higher than the prior-year figure. The company now expects operating result for the full year 2023 to be around the level of the previous year before special items, which was around EUR 22.5 billion (previously: operating return on sales between 7.5% and 8.5%). Announcement • Jul 12
Volkswagen Ag Appoints Giovanni Palazzo as Head of Charging and Energy and Will Also Be CEO and Head of Sales for the Elli Brand Volkswagen has named Giovanni Palazzo as the head of charging and energy. He has been overseeing business since 1 July and will also be CEO and head of sales for the Elli brand. Announcement • Jun 22
Volkswagen Group Announces Executive Changes Volkswagen Group announced that Lars Korinth will become the new Head of Investor Relations in the Volkswagen Group from autumn 2023 onwards. In this role, he succeeds Julian Krell, who is leaving the company at his own request on June 30, 2023. Lars Korinth, currently Head of Investor Relations at TRATON SE, will be responsible for Investor Relations at Volkswagen AG from autumn 2023 onwards. Korinth already knows the company from his time as Senior Investor Relations Manager at Volkswagen and most recently as Head of Investor Relations at TRATON SE. Lars Korinth holds a degree in banking business administration and has already worked in various positions as an equity analyst and Investor Relations Manager. At Volkswagen, among other things, he was Senior Investor Relations Manager for four years. He was heading the Investor Relations department of the consumer and industrial goods group Henkel for more than four years until early 2022. Most recently, Korinth was Head of Investor Relations at TRATON SE, a subsidiary of Volkswagen AG, which is one of the world's leading truck manufacturers with its Scania, MAN, Navistar and Volkswagen Truck Bus brands. Announcement • Jun 07
Anexo Group plc Announces Settlement with Volkswagen AG Anexo can announce that the Group has reached an agreement with Volkswagen AG ("VW") and its subsidiaries to conclude the claims of around 12,000 claimants represented by the Group (the "VW Emissions case"). The VW Emissions case was handled by a specialist team within the Group's legal services division, Bond Turner. This agreement avoids the need for protracted litigation and the substantial legal costs that would have been incurred by both parties had the matter progressed to trial. The terms of the agreement are subject to confidentiality restrictions, however the Group can announce that it will have a net positive cash position to Anexo of £7.175 million. Announcement • May 20
Art-Finance LLC acquired Volkswagen Group Rus OOO from Volkswagen AG (XTRA:VOW3). Art-Finance LLC acquired Volkswagen Group Rus OOO from Volkswagen AG (XTRA:VOW3) on May 19, 2023. The transaction has been approved by the Russian government authorities.Art-Finance LLC completed the acquisition of Volkswagen Group Rus OOO from Volkswagen AG (XTRA:VOW3) on May 19, 2023. Announcement • May 09
Volkswagen AG Announces Executive Changes Volkswagen has named an executive from its luxury Bentley brand to lead its struggling software unit as Oliver Blume, its new chief executive, seeks to fix long-standing issues. Peter Bosch, who heads production at Bentley, will take the helm at Cariad from June 1, replacing Dirk Hilgenberg. Improving Cariad is a central issue following delays to key models like the Audi Q6 e-tron and Porsche's electric Macan. Plans for a cross-brand platform, meant to deliver self-driving capabilities, have been pushed back. The move suggests that Mr. Blume is sticking with the concept of developing an in-house software platform. Announcement • Feb 07
Volkswagen Reportedly Considers Sale of Car Plant in Kaluga Volkswagen AG (XTRA:VOW3) considers selling its Russian assets, including a car plant in Kaluga, but no final decision has been made yet, a spokesperson for the company told PRIME on February 6, 2023. “We monitor the situation and consider various further scenarios. One of the options is a sale of Volkswagen Group Rus's assets to a third party. Nevertheless, no decision has been made," the person said. Kommersant business daily reported earlier that Sistema was interested in acquiring a Volkswagen car plant in Kaluga, the deal may involve Kazakhstan's car producer Allur.