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

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:02.515 facing Osnabrück. 00:00:02.515 -- 00:00:08.303 The NOZ newspaper today reported that you are in advanced talks with Rafael 00:00:08.303 -- 00:00:14.352 or Dynamit Nobel, which is part of Rafael, about the production 00:00:14.352 -- 00:00:19.439 facilities in Osnabrück and the plant. And the 00:00:19.439 -- 00:00:23.004 newspaper says there's already a letter of intent which was signed. 00:00:23.004 -- 00:00:27.471 Can you confirm that? Can you tell any details what's planned there? 00:00:27.471 -- 00:00:29.992 Yes, thank you. 00:00:32.212 -- 00:00:36.638 We have announced that we want to come to a feasible 00:00:36.638 -- 00:00:41.464 production footprint of 9 million cars. That's what we have sold per average during the 00:00:41.464 -- 00:00:43.627 last five years. 00:00:43.627 -- 00:00:49.235 Our ambition in terms of sales is higher, but we think to be 00:00:49.235 -- 00:00:54.482 on the safe side and improving our break-even situation, that would be the feasible one. 00:00:54.482 -- 00:01:00.098 And talking about Osnabrück, As I mentioned already, 00:01:00.098 -- 00:01:06.524 our talks are advanced already. We do not comment on the partners 00:01:07.008 -- 00:01:08.730 we are 00:01:08.730 -- 00:01:11.271 dealing with. Overall, 00:01:11.474 -- 00:01:13.614 I think 00:01:13.817 -- 00:01:18.885 we feel ourselves as an experienced company in terms of 00:01:18.885 -- 00:01:24.252 automation with very qualified people, also in the responsibility 00:01:24.252 -- 00:01:28.987 for the goals of the German government. for 00:01:28.987 -- 00:01:30.629 the 00:01:30.629 -- 00:01:34.454 country protection. And this, 00:01:34.454 -- 00:01:39.661 from our part, is also to provide, 00:01:39.661 -- 00:01:42.802 to stabilize democratization 00:01:4...