Annual Report 2024

Group Management Report

New group models in 2024

With a total of ten brands, the Volkswagen Group offers its customers a broad selection of vehicles – from vehicles with classic combustion engines to hybrid and all-electric models – that are tailored to their customers’ requirements and serve different mobility needs. We expanded this portfolio by adding further models in the fiscal year now ended.

The Golf’s 50th anniversary was the highlight of 2024 at Volkswagen Passenger Cars. All equipment packages and derivatives of the brand’s bestselling model were updated. In addition to the T-Cross, upgraded versions of the Tiguan and Passat, which are based on the enhanced Modular Transverse Toolkit, were also launched onto the market, including new variants with plug-in hybrid drives. Volkswagen Passenger Cars expanded its SUV portfolio by adding the Tayron, an all-rounder with up to seven seats. The all-electric ID. family gained a new member, the sporty ID.3 GTX. The ID.7 was launched as a Tourer, and GTX variants are now also available for the saloon and the estate car.

Škoda brought out the new Superb and the new Kodiaq in 2024, and the top-of-the-line sporty Kodiaq RS also celebrated its premiere. Its bestselling model, the Octavia, likewise received an extensive update, as did the Scala and Kamiq compact series. Škoda expanded its portfolio in the segment of all-electric compact SUVs with the Elroq and presented its first production model with the new Modern Solid design language.

CUPRA kicked off 2024 with a large-scale product campaign, launching the electrified SUV Terramar and the Tavascan, the brand’s first all-electric SUV. Two further additions to the market were the new CUPRA Formentor and the new CUPRA Leon with improved plug-in hybrid drives. The all-electric CUPRA Born is now available in a more powerful version, the CUPRA Born VZ.

SEAT upgraded the Leon in both the 5-door and Sportstourer versions. The new generation of plug-in hybrid drives now offers customers a greater electric range. The SEAT Ibiza celebrated its 40th anniversary with a limited anniversary edition, while the SEAT Arona gained a limited FR edition.

In 2024, Volkswagen Commercial Vehicles celebrated the world premieres of the new California, the new Transporter and the new Caravelle. The ID. Buzz now also comes as a powerful GTX variant and as a long-wheelbase version. The Multivan, Crafter and Caddy in particular received significant updates, with the Multivan and the Caddy now also available as plug-in hybrids.

Audi brought out many new models in the reporting year, starting with the all-electric Q6 e-tron based on the electric PPE platform. This was followed by combustion-engine-vehicle updates of the A5 family as well as the Q5 in the second half of the year. Other highlights from the brand with the four rings included the upgraded A3 model series and the electric spearhead e-tron GT, which received a comprehensive update.

Bentley also celebrated the launch of significant models in 2024: the fourth-generation Continental GT and the new Flying Spur are both powered by Bentley’s Ultra Performance Hybrid powertrain.

In the reporting year, the Porsche brand completely revamped four out of its six model series – the Macan, 911, Panamera and Taycan – incorporating numerous technological innovations.

In 2024, the TRATON GROUP pressed ahead with e-mobility, digitalization of its range of models and group-wide coverage with the 13-liter powertrain.

Scania launched new battery-electric trucks for mining and forestry and introduced variants of the Scania Touring that can run on both natural gas and biogas.

MAN presented the MAN eTGL – an electrically powered 12-tonne truck that rounds off the brand’s e-truck portfolio for light distribution transport – as well as the hTGX truck powered by a hydrogen combustion engine.

International (formerly Navistar) debuted its redesigned HV Series with an integrated 13-liter powertrain, specifically designed for road construction. The first vehicles from the LT Series were also handed over to fleet customers.

Volkswagen Truck & Bus introduced its eDelivery model and the Meteor truck family in additional markets.

In 2024, Ducati unveiled the 698 Mono, its first single-cylinder Hypermotard. The DesertX family was expanded to include the premium special model Rally. Other highlights were the premium models Multistrada V4 RS and Diavel for Bentley.

Modular Transverse Toolkit (MQB)
As an extension of the modular strategy, this platform can be deployed in vehicles whose architecture permits a transverse arrangement of the engine components. The modular perspective enables high synergies to be achieved between the vehicles in the Volkswagen Passenger Cars, Volkswagen Commercial Vehicles, Audi, SEAT and Škoda brands.
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Plug-in hybrid
Performance levels of hybrid vehicles. Plug-in hybrid electric vehicles (PHEVs) have a larger battery with a correspondingly higher capacity that can be charged via the combustion engine, the brake system, or an electrical outlet. This increases the range of the vehicle.
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Premium Platform Electric (PPE)
A new vehicle platform for all-electric premium, sport and luxury class vehicles. The components and functions of this platform are especially tailored to meet the high demands of this segment. This platform enables high synergies to be achieved particularly between the Audi, Porsche and Bentley brands.
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