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The Executive Board of the Volkswagen Group (VOW.DE)* yesterday presented the Supervisory Board with 12 initiatives to make the financially bedridden Group profitable and competitive by 2030. [Share price is down 66% during the last five years; -25% year-over-year at ~€76. The Wolf in the room from a company with a history starting in Wolfsburg is how many German IG Metall jobs will be devoured. Furthermore, stakeholders have a legitimate question about why these steps weren’t taken long ago – AutoCrat?]
“Our goal is clear: by 2030, we will make the Volkswagen Group the most attractive automotive company in the world – with iconic brands, inspiring products, leading technologies, robust financial results, reliable capital market performance and a team spirit in action,” claimed Oliver Blume, CEO of the Group. “With our future plan, we are moving into the next phase of transformation by our own means. We are making the Volkswagen Group faster, more resilient and more competitive: through less complexity, focused technologies, an even stronger alignment of products, development and production with regional markets, the reduction of over-capacities, a streamlined equity portfolio and significantly leaner structures. In this way, we are creating the conditions for sustained success – even in an increasingly demanding environment.” Continue reading
Audi of America Q2 2026 Sales Drop 17%
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Audi of America reported today a Q2 sales drop of -17% when compared year-over-year. There was no release with commentary just the sales chart shown here at AutoInformed. This came as the parent company Volkswagen Group (VOW.DE) Executive Board yesterday presented the Supervisory Board with 12 initiatives to make the financially bedridden Group profitable. [Share price is down 66% during the last five years; -25% year-over-year at ~€76 as customers are apparently searching for more affordable wheels or are no longer happy with product Audi product offerings – AutoCrat.] No doubt Audi of America executives were in Wolfsburg fighting for the survival of the brand.*
Big losers at Audi of America during Q2 2026 were the Q4 e-tron, Q6 e-Tron, and Q8 e-tron electric models which were walloped by the Trump Administration’s cancellation of electric vehicle incentives compounded by the Trump import tariffs, which also hurt other global automakers. Continue reading →