Volkswagen has revealed the goal of becoming the world's most ecological car maker, off the back of record results for 2011. At a press conference in Wolfsburg, Germany this morning it announced an operating profit of £9.4 billion, up more than 50 per cent year-on-year.
The profits were achieved against eight million car sales, which resulted in sales revenue that rose 25.6 per cent to £133bn.
"The VW Group has extended its string of unbroken successes in 2011. We are making steady progress on our way to pole position in the automotive industry," said Professor Dr Martin Winterkorn, chairman of VW's Board of Management, referring to its goal of being sustainably the biggest car maker from 2018. It is currently behind GM and vying with Toyota in the battle to be the world's biggest car maker.
To achieve its ecological goals, Winterkorn announced a restructuring programme to hit the goal of having fleet average emissions of 120g/km of CO2 by 2015. Winterkorn said that to achieve this every new generation VW will have to cut emissions by between 10 and 15 per cent. As part of this programme, stop-start will be fitted as standard to all new models. In addition, Winterkorn outlined plans to lower emissions from the group's 94 plants by 25 per cent by 2018, which will require an investment of £250m.