Volkswagen expects the output of vehicles underpinned by its new MQB modular assembly platform to surge in the next few years, Chief Financial Officer Hans Dieter Poetsch told financial newspaper Boersen-Zeitung in an interview. The carmaker’s MQB platform enables the German carmaker to share more components between different models and engines.
The carmaker is implementing the MQB platform over the next four years at a cost of almost $70 billion, as Morgan Stanley estimated. Poetsch was quoted by Boersen-Zeitung as saying that the output of MQB-based vehicles will likely be below 1 million units this year. He added that production of MQB-underpinned vehicles will double to around 2 million units next year and around 4 million in 2016.
VW Group intends to produce over 40 new vehicles across its volume brands using the front-wheel-drive modular transverse matrix (MQB) architecture, Automotive News Europe reported on June 6. The VW Golf, Audi A3, Skoda Octavia and Seat Leon are the MQB-based vehicles already available for sale.
Poetsch remarked to Boersen-Zeitung that weak car demand in Europe had prompted the carmaker to cut and even postpone some investments not directly related to its products, adding the cost savings affected internal processes and structures. According to Poetsch, VW expected the Western European car market to be on its lowest point since 1993.