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 Model Launch Schedules
 Electric / Autonomous
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Mar 04, 2024

On March 1, Volkswagen Group announced its 2024 outlook, projecting an investment ratio of 13.5% to 14.5% in the automotive division. The automotive net cash flow includes investments for the future and cash outflows for battery business mergers and acquisitions, crucial for the Group's transformation.

It anticipates up to a 5% growth in sales revenue for 2024, driven by positive effects, especially from new product launches. Operating return on sales is expected to range between 7.0% and 7.5%, with automotive net cash flow and net liquidity projected to be between EUR 4.5-6.5 billion and EUR 39-41 billion, respectively.

Challenges are expected from economic conditions, heightened competition, volatile markets, and stricter emissions-related requirements.

Based on Volkswagen press release

Mar 01, 2024

On February 28, Volkswagen South Africa inaugurated its new airbag deployment center at the Kariega B plant. The facility, operational after nearly two years of construction, increases airbag testing capacity to 150% of the previous output. The new center can perform 72 tests weekly, including 10 dashboards, two curtain airbag tests, and 60 seats, compared to the existing facility's 48 tests. The airbag deployment center will primarily test locally built Polo and Polo Vivo models, with the capacity to test future Volkswagen models and cater to external customers if needed.

Planning started in 2020, with construction spanning from June 2022 to February 2024. With ZAR 20 million investment was made including ZAR 14 million for the climatic chamber and the rest for the building, electrical supply, cameras, air supply, and lighting. The climatic chamber, using electrical heaters and refrigerant circuits, controls temperatures between 90 degrees to -40 degrees Celsius for tests.

Based on Volkswagen South Africa press release

Mar 01, 2024

On February 29, multiple sources reported that AGR Automotive Group announced that the shutdown of the former Volkswagen automobile plant in Kaluga would be extended till March 2024. The plant is expected to resume operations in the first half of this year.

Based on multiple sources