Volkswagen Truck & Bus sales up 3 percent
This enabled the group to turn in a successful performance despite a regionally difficult market environment.
With the acquisition of a 16.6% stake in U.S. manufacturer Navistar and systematic expansion of its Lead Engineering concept, which bundles the development capacities of the brands, Volkswagen Truck & Bus marked the first key milestones in its Global Champion strategy.
It also saw the launch of digital brand RIO, which aims to customize and better shape the future of logistics with a cloud-based platform.
In the long term, Volkswagen Truck & Bus is aiming for a return on sales of 9% over the industry cycle.
The group also intends to leverage synergies of up to €1 billion a year from 2025 onward, among other things. ■