Business · Companies · 9 hrs ago
Volkswagen chief sets 2030 target of 9 million cars and 9% returns
Volkswagen chief Oliver Blume has set a target for the carmaker in an interview published in Germany.
He says the group wants to sell about 9 million vehicles worldwide by 2030 and achieve a 9% return.
Blume says the group has never reached that return in its history.
Volkswagen plans to cut more than 100,000 jobs, with departures mainly through phased retirement and severance agreements.
Blume says the cuts will lower costs and make remaining jobs more secure, though he recognizes workers’ worries about the company’s difficult economic position.
He says German personnel costs are about twice those in other European countries.
Volkswagen also faces a sharp downturn in China, but Blume says the market there is not lost and the company’s next major benchmark is its 2030 goal.
Volkswagen chief Oliver Blume says the company aims to sell around nine million vehicles worldwide in 2030.
He also set a target of a nine percent return.
Blume said the sales and return goals have never been achieved in Volkswagen Group history.
He defended plans for more than 100,000 job cuts, saying they would be carried out through phased retirement and severance agreements.
Blume said the Chinese market had fallen 20 percent this year and vehicle prices there had dropped 15 percent in two years.
- Who
- Volkswagen chief Oliver Blume.
- What
- He set a 2030 target of around nine million vehicle sales and a nine percent return.
- When
- The target is for 2030. Blume discussed it in an interview published on November 14, 2026.
- Where
- Worldwide sales; the interview was published by Bild.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Sales target
- Around 9 million vehicles worldwide in 2030
- Return target
- 9 percent in 2030
- Job cuts
- More than 100,000 positions
- China market
- Down 20 percent this year
- China vehicle prices
- Down 15 percent in two years
What people are saying
We want to sell around nine million vehicles worldwide in 2030 and achieve a nine percent return.
We have never achieved that in the history of the Volkswagen Group.
This is not a radical cut, as is sometimes written.