Volkswagen Ag Unsp/Adr (VWAGY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

facing Osnabrück. The NOZ newspaper today reported that you are in advanced talks with Rafael or Dynamit Nobel, which is part of Rafael, about the production facilities in Osnabrück and the plant. And the newspaper says there's already a letter of intent which was signed. Can you confirm that? Can you tell any details what's planned there? Yes, thank you. We have announced that we want to come to a feasible production footprint of 9 million cars. That's what we have sold per average during the last five years. Our ambition in terms of sales is higher, but we think to be on the safe side and improving our break-even situation, that would be the feasible one. And talking about Osnabrück, As I mentioned already, our talks are advanced already. We do not comment on the partners we are dealing with. Overall, I think we feel ourselves as an experienced company in terms of automation with very qualified people, also in the responsibility for the goals of the German government. for the country protection. And this, from our part, is also to provide, to stabilize democratization in Germany. Therefore, I think it's a win-win situation at the end to adapt plant capacities and, on the other side, support the goals of the German government and European governments in terms of NATO. Okay, I hope this answers the question. Next line would be Lazar Bakovic from Handelsblatt. Lazar, please. The line is yours. Thank you, André. You mentioned your plan cost during the investor call and repeated it here. Your goal is to reach 3,000 euros in Europe. You are conducting reviews at your German plans. Can you tell us where you stand in the first quarter of 2026? whether you met your cost target there at your key plans. That would be the first question. And the second would also be on Chinese...