Volkswagen Commercial Vehicles, the first half of 2021 shows significant recovery with 87 million euro operating profit
Deliveries to customers rose to 205,000 vehicles and turnover climbed to 5.3 billion euro. In the first half of 2020, hugely affected by the pandemic, the turnover was only 1.1 billion euro. Talking about electrification, in July Volkswagen teamed up with Enel-X in Italy.
Volkswagen Commercial Vehicles (VWCV) unveiled sales results after the first half of 2021. Due above all to the Multivan (here’s the report on the presentation of the T7 model, last June), Transporter and Crafter, which recorded growth percentages closer and sometimes higher than 50 percent, the first part of the year was featured by 87 million euro operating profit. Deliveries to customers rose to 205,000 vehicles and turnover climbed to 5.3 billion euro. In the first half of 2020, hugely affected by the pandemic, the turnover was only 1.1 billion euro.
«That was a real feat that we achieved together in the first half of the year», said Carsten Intra, Chairman of the VWCV Board of Management. «Despite the good result, the situation remains tough. The position in the supplier markets is still uncertain, the coronavirus pandemic is far from being beaten and we are seeing big differences in our sales regions globally. Nevertheless, the first six months have me feeling positive, including with regards to the full year of 2021».
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«In addition to the upward movement in the European markets and a good volume mix, the first-half result can above all be attributed to the GRIP Performance cost programme begun last year. We will continue to benefit from this programme and its systematic implementation over the coming months as well. In the first half of the year there was an additional positive impact from the used vehicle market, which performed above our expectations», added Michael Obrowski, Member of the Board of Management for Finance and IT.
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The new Multivan, unveiled in June, includes indeed the addition of a hybrid vehicle (PHEV). VWCV is in this way expanding its portfolio of battery-electric vehicles. A fully electric version (BEV) of the Crafter is already offered. The T6.1 – as Transporter or Caravelle – is offered by the brand, together with the partner ABT, as a BEV version too. Next year will then see the world première of the new all-electric ID.BUZZ.
Volkswagen teamed up with Enel-X in Italy
Talking about electrification, in July Volkswagen teamed up with Enel-X in Italy. The joint venture has the target to «deploying, owning and operating more than 3,000 high power charging points in Italy of up to 350 kW each», with the charging network open to all drivers of any electric vehicle from all manufacturers.
The Enel Group and Volkswagen have also joined forces within the European CEO Alliance initiative with 11 other European companies for a zero-carbon future and a more resilient Europe. The Alliance represents companies from different industries and European nations which generate a combined 600 billion euros in annual revenues and employ 1.7 million people. The CEO Alliance channels the decarbonization efforts of these companies by connecting sectors and strategies, identifying potential for collaborations, fostering investments, as well as deploying projects for a sustainable economy and society in line with the EU Green Deal.
