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Volkswagen:Strategy: Difference between revisions
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* The joint venture will fit very well into Volkswagen's platform strategy and architectures developed for their vehicles such as the PPE platform<ref name=":0" />. | * The joint venture will fit very well into Volkswagen's platform strategy and architectures developed for their vehicles such as the PPE platform<ref name=":0" />. | ||
* As a result of the investments, the 2024 net cash flow will be impacted by $2 billion<ref name=":0" />. | * As a result of the investments, the 2024 net cash flow will be impacted by $2 billion<ref name=":0" />. | ||
* Volkswagen said they are convinced they will strongly benefit from the partnership by reducing cost per vehicle produced<ref name=":0" />. | * '''Volkswagen said they are convinced they will strongly benefit from the partnership by reducing cost per vehicle produced'''<ref name=":0" />. | ||
* They said the targeted investments will start in Q4 2024<ref name=":0" />. | * They said the targeted investments will start in Q4 2024<ref name=":0" />. | ||
* Tim Rokosa, Deutsche Bank analyst noted in the webcast call that there is no doubt that Rivian has great technology<ref name=":0" />. | * Tim Rokosa, Deutsche Bank analyst noted in the webcast call that there is no doubt that Rivian has great technology<ref name=":0" />. | ||
* Volkswagen said the intention is to speed up their software technology and that Rivian provides a software solution for the western world<ref name=":0" />. | * Volkswagen said the intention is to speed up their software technology and that Rivian provides a software solution for the western world<ref name=":0" />. | ||
* Volkswagen noted that they will be able to use the results of the cooperation across VW brands including Scout<ref name=":0" />. | * Volkswagen noted that they will be able to use the results of the cooperation across VW brands including Scout<ref name=":0" />. | ||
* They said the investment in the partnership is not part of the 180 billion euros that was budgeted for 2023 to 2027 but will drive down investments in future<ref name=":0" />. | * '''They said the investment in the partnership is not part of the 180 billion euros that was budgeted for 2023 to 2027 but benefits will drive down investments in future'''<ref name=":0" />. | ||
* Volkswagen said in the webcast call that they will compensate for a portion of the investment through divestment of non-core businesses<ref name=":0" />. | * Volkswagen said in the webcast call that they will compensate for a portion of the investment through divestment of non-core businesses<ref name=":0" />. | ||
* The partnership will hit Volkswagen products that are coming in in the second-half of the decade (min 21:00)<ref name=":0" />. | * '''The partnership will hit Volkswagen products that are coming in in the second-half of the decade (min 21:00)'''<ref name=":0" />. | ||
* Volkswagen said Cariad will continue to play an important part of their EV strategy and that the announcement is not expected to trigger any extraordinary impact on Cariad financials<ref name=":0" />. | * '''Volkswagen said Cariad will continue to play an important part of their EV strategy and that the announcement is not expected to trigger any extraordinary impact on Cariad financials (min 23:00)'''<ref name=":0" />. | ||
* They added that Cariad will benefit financially since the 2.0 platform will be passed on to the joint venture<ref name=":0" />. | * '''They added that Cariad will benefit financially since the 2.0 platform will be passed on to the joint venture<ref name=":0" />.''' | ||
* Oliver Blume said the talks with Rivian began some months ago<ref name=":0" />. | * Oliver Blume said the talks with Rivian began some months ago<ref name=":0" />. | ||
* They said their focus within the joint venture is developing next-generation architecture and that doesn't affect the current plans at Scout<ref name=":0" />. | * They said their focus within the joint venture is developing next-generation architecture and that doesn't affect the current plans at Scout<ref name=":0" />. | ||