Vw says its global staff will increase by more than 10 percent next year

Article by Christian A., on November 14, 2011

Volkswagen’s worldwide staff will possibly increase by over 10% in 2012, according to CEO Martin Winterkorn in an interview with German newspaper Bild am Sonntag. He said that the group could increase the number of its employees from the current 449,000 to about 500,000 employees by the end of 2012.

On the other hand, BMW CEO Norbert Reithofer and Daimler’s Dieter Zetsche were more cautious. They say that they first have to look at how the business develops next year.

Winterkorn has been leading the aggressive expansion of VW. Last September, Winterkorn told Automotive News Europe that VW seeks to reduce costs and raise profits further as part of its goal to get to the top of the automotive world by 2018.

To accomplish this target, VW aims to have global vehicle sales of over 10 million units and a profit margin of over 8%. Winterkorn said that the company is increasing volume as well as cost effectiveness.

He said that capital investments shouldn’t surpass the present 6% share of revenue. Furthermore, the share for r&d shouldn’t go higher than the current 4%.

Winterkorn said that for both figures, the company is “completely on track.” To attain these financial targets, maximizing VW Group's modular car-production system would be key. [source: Autonews]

Topics: vw

If you liked the article, share on:

Comments

Recommended

A lot of us know Singer Vehicle Design and their signature work of reimagining Porsche 911s, and making them look like hot rods from the 70s. They are not alone...
by - August 20, 2017
August 17, 2017 is a sad day for the Dodge Viper, its fans, enthusiasts and its admirers. It is the day when the last Dodge Viper rolled off the assembly...
by - August 20, 2017
A few months ago, Mercedes-Benz promised that they will be treating everyone to a “big surprise” during the Monterey Car Week. And true enough, many of us were stunned as...
by - August 19, 2017
McLaren has already shown some interest in electrifying their models. And initially, we thought that they will just use hybrid systems to use across their current lineup. Nevertheless, we have...
by - August 19, 2017
Fifty years after its glorious victory at the 24 Hours of Le Mans, Ford launches the 2018 Ford GT ’67 Heritage Edition at the 2017 Monterey Car Week. The red...
by - August 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries