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General Motors has announced plans of moving towards an electrified and self-driving future. But in the foreseeable future, the company's core business model of selling vehicles to drivers will not be going away. “The owner-driver model will be there for a very long time. So far we see (mobility) as additive, but we see it as having potential to grow and be quite substantial,” said GM CEO Mary Barra during a meeting of the Automotive Press Association. Most of GM's and other automaker's profits come from crossovers, pickup trucks, and SUVs. But GM is planning for a possible future where the automotive landscape is very different. Back in October, the automaker announced an ambitious plan of launching 20 electric and hydrogen vehicles by 2023 - two of those will launch within the next 18 months. The company is also planning to launch a driverless ride-sharing service in 2019. Source: The Detroit News View full article -
GM Still Sees Drivers A Key Part of Their Business Model
William Maley posted an article in General Motors
General Motors has announced plans of moving towards an electrified and self-driving future. But in the foreseeable future, the company's core business model of selling vehicles to drivers will not be going away. “The owner-driver model will be there for a very long time. So far we see (mobility) as additive, but we see it as having potential to grow and be quite substantial,” said GM CEO Mary Barra during a meeting of the Automotive Press Association. Most of GM's and other automaker's profits come from crossovers, pickup trucks, and SUVs. But GM is planning for a possible future where the automotive landscape is very different. Back in October, the automaker announced an ambitious plan of launching 20 electric and hydrogen vehicles by 2023 - two of those will launch within the next 18 months. The company is also planning to launch a driverless ride-sharing service in 2019. Source: The Detroit News -
Volkswagen's CEO Announces New Business Plan, Focus on Profit
William Maley posted an article in Volkswagen
Nearly four years ago, Volkswagen made the pronouncement that it wanted to be the world's largest automaker by 2018. But in light of the diesel scandal, Volkswagen is taking that dream off the table and focusing on trying to survive. Today, Volkswagen Group CEO Matthias Müller announced a new plan called Strategy 2025 that will focus on improving profit rather than volume growth. The plan will be developed over the next few months and will be shown sometime next year. “Many people outside of Volkswagen, but also some of us, did not understand that our Strategy 2018 is about much more than production numbers. A lot of things were subordinated to the desire to be ‘Faster, Higher, Larger,’ especially return on sales,” said Müller in a statement. Along with the announcement of a new plan, Müller outlined some of the key steps that will help the company get off the shaky ground it currently finds itself on. The first step is to reduce the number of models Volkswagen and its sister brands produce. Currently, the Volkswagen group produces over 300 models around the world. "We will review in detail our current portfolio of more than 300 models and examine the contribution that each one makes to our earnings," Müller said to analysts on a call this week. Another priority for Volkswagen will be giving more independence to the brands and regions to allow a "culture of openness and cooperation" to develop. Source: Automotive News (Subscription Required), Car and Driver, Volkswagen Press Release is on Page 2 Matthias Müller unveils next steps for the Volkswagen Group Support for customers top priority Volkswagen looks beyond current crisis New strategy to be unveiled in 2016 Matthias Müller, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, has announced the five key steps to realign the Group. "We have to look beyond the current situation and create the conditions for Volkswagen's successful further development", said Müller in Wolfsburg on Wednesday. He presented a five point plan that he intends to use so that Volkswagen remains one of the world's leading automobile manufacturers in the future. Müller is confident that "Volkswagen will emerge from the current situation stronger than before". He announced that the cornerstones of the Group's Strategy 2025 will be presented next year. The Volkswagen CEO explained that his top priority is to support the customers affected by the diesel issue. "Our customers are at the core of everything that our 600,000 employees worldwide do", he said. According to Müller, Volkswagen is working intensively to develop effective technical solutions. In contact with the Kraftfahrtbundesamt (KBA – German Federal Motor Transport Authority) the implementation is set to begin in January 2016. Müller's second priority is to systematically drive forward and complete the investigation into what happened. "We must uncover the truth and learn from it", he said, adding that Volkswagen is being extremely thorough in its analysis. For this purpose, audit firm Deloitte has been engaged in addition to the steps already announced. According to Müller, those responsible for what has happened must face severe consequences. Müller's third priority is to introduce new structures in the Volkswagen Group. "The key point is that Group management will be decentralized to a greater extent in the future", he said, with more independence for the brands and regions. Müller stated that the Board of Management will focus on addressing cross-brand strategies, leveraging synergies and ensuring that Group resources are used effectively. "We will review in detail our current portfolio of more than 300 models and examine the contribution that each one makes to our earnings." As his fourth priority, Müller is driving forward a realignment of the Group's culture and management behavior. He noted that the pursuit of perfection, the employees' commitment and social responsibility in the Volkswagen Group must be retained. However, he believes that changes are necessary in how Volkswagen communicates and how it handles its mistakes. "We need a culture of openness and cooperation." Müller also called on everybody at Volkswagen to display more courage, greater creativity and a more entrepreneurial spirit in their dealings with one another. The Volkswagen CEO announced that the fifth priority will be to transform the Group's Strategy 2018 into a Strategy 2025. "Many people outside of Volkswagen, but also some of us, did not understand that our Strategy 2018 is about much more than production numbers. A lot of things were subordinated to the desire to be "Faster, Higher, Larger", especially return on sales." According to Müller, the point is not to sell 100,000 more or fewer vehicles than a major competitor. Instead, the real issue is qualitative growth. Müller announced that the cornerstones of the Group's Strategy 2025 will be developed over the coming months, and that it would be unveiled mid-way through next year. -
Nearly four years ago, Volkswagen made the pronouncement that it wanted to be the world's largest automaker by 2018. But in light of the diesel scandal, Volkswagen is taking that dream off the table and focusing on trying to survive. Today, Volkswagen Group CEO Matthias Müller announced a new plan called Strategy 2025 that will focus on improving profit rather than volume growth. The plan will be developed over the next few months and will be shown sometime next year. “Many people outside of Volkswagen, but also some of us, did not understand that our Strategy 2018 is about much more than production numbers. A lot of things were subordinated to the desire to be ‘Faster, Higher, Larger,’ especially return on sales,” said Müller in a statement. Along with the announcement of a new plan, Müller outlined some of the key steps that will help the company get off the shaky ground it currently finds itself on. The first step is to reduce the number of models Volkswagen and its sister brands produce. Currently, the Volkswagen group produces over 300 models around the world. "We will review in detail our current portfolio of more than 300 models and examine the contribution that each one makes to our earnings," Müller said to analysts on a call this week. Another priority for Volkswagen will be giving more independence to the brands and regions to allow a "culture of openness and cooperation" to develop. Source: Automotive News (Subscription Required), Car and Driver, Volkswagen Press Release is on Page 2 Matthias Müller unveils next steps for the Volkswagen Group Support for customers top priority Volkswagen looks beyond current crisis New strategy to be unveiled in 2016 Matthias Müller, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, has announced the five key steps to realign the Group. "We have to look beyond the current situation and create the conditions for Volkswagen's successful further development", said Müller in Wolfsburg on Wednesday. He presented a five point plan that he intends to use so that Volkswagen remains one of the world's leading automobile manufacturers in the future. Müller is confident that "Volkswagen will emerge from the current situation stronger than before". He announced that the cornerstones of the Group's Strategy 2025 will be presented next year. The Volkswagen CEO explained that his top priority is to support the customers affected by the diesel issue. "Our customers are at the core of everything that our 600,000 employees worldwide do", he said. According to Müller, Volkswagen is working intensively to develop effective technical solutions. In contact with the Kraftfahrtbundesamt (KBA – German Federal Motor Transport Authority) the implementation is set to begin in January 2016. Müller's second priority is to systematically drive forward and complete the investigation into what happened. "We must uncover the truth and learn from it", he said, adding that Volkswagen is being extremely thorough in its analysis. For this purpose, audit firm Deloitte has been engaged in addition to the steps already announced. According to Müller, those responsible for what has happened must face severe consequences. Müller's third priority is to introduce new structures in the Volkswagen Group. "The key point is that Group management will be decentralized to a greater extent in the future", he said, with more independence for the brands and regions. Müller stated that the Board of Management will focus on addressing cross-brand strategies, leveraging synergies and ensuring that Group resources are used effectively. "We will review in detail our current portfolio of more than 300 models and examine the contribution that each one makes to our earnings." As his fourth priority, Müller is driving forward a realignment of the Group's culture and management behavior. He noted that the pursuit of perfection, the employees' commitment and social responsibility in the Volkswagen Group must be retained. However, he believes that changes are necessary in how Volkswagen communicates and how it handles its mistakes. "We need a culture of openness and cooperation." Müller also called on everybody at Volkswagen to display more courage, greater creativity and a more entrepreneurial spirit in their dealings with one another. The Volkswagen CEO announced that the fifth priority will be to transform the Group's Strategy 2018 into a Strategy 2025. "Many people outside of Volkswagen, but also some of us, did not understand that our Strategy 2018 is about much more than production numbers. A lot of things were subordinated to the desire to be "Faster, Higher, Larger", especially return on sales." According to Müller, the point is not to sell 100,000 more or fewer vehicles than a major competitor. Instead, the real issue is qualitative growth. Müller announced that the cornerstones of the Group's Strategy 2025 will be developed over the coming months, and that it would be unveiled mid-way through next year. View full article
