We Are Keeping Our Forecast for the Full Year, Says Volkswagen's CFO

The transcript discusses Volkswagen's market outlook, competition with BMW and Daimler, and the impact of trade wars, particularly with China. It highlights the importance of the Chinese market and the challenges faced in product strategy and market competition. The discussion also covers the US market, production plans, and potential collaborations with Ford. Regulatory challenges, especially concerning diesel engines, are addressed, emphasizing the need for equitable solutions and the role of new diesel technologies.

What is one of the main challenges Volkswagen faces in the second half of the year?

• Increased competition from Japanese automakers

• Trade wars affecting import duties

• Lack of innovation in electric vehicles

• Decline in global car demand

Why is China considered a key market for Volkswagen?

• It is the largest market for luxury cars

• Volkswagen has a strong early presence and partnership in China

• Volkswagen's headquarters are located in China

• China has the highest demand for electric vehicles

What is a potential benefit of a sales tax cut in China for Volkswagen?

• Increased sales of luxury vehicles

• Boost in market share and stock prices

• Reduction in production costs

• Expansion of dealership networks

What is a key focus of Volkswagen's collaboration with Ford?

• Building a new manufacturing plant in Europe

• Expanding into Asian markets

• Sharing costs on light commercial vehicles

• Developing electric sports cars

What is Volkswagen's strategy regarding production capacity in the US?

• Increase production of electric vehicles

• Fill existing capacity in Chattanooga with new models

• Focus solely on export markets

• Shift production to Mexico

What regulatory challenge is particularly affecting German carmakers?

• Strict emissions regulations

• High import tariffs

• Lack of government subsidies

• Competition from American automakers

How does Volkswagen view the future of diesel engines?

• Diesel engines will be phased out completely

• Diesel will remain important for larger cars

• Diesel engines will be replaced by hybrid models

• Diesel technology is no longer viable