Volkswagen AG (OTCPK:VWAGY)

$ 8.67 0.05 (0.58%) Market Cap: 43.46 Bil Enterprise Value: 183.11 Bil PE Ratio: 3.26 PB Ratio: 0.23 GF Score: 81/100

Full Year 2020 Volkswagen AG Earnings Press Conference Transcript

Mar 16, 2021 / 08:00AM GMT

Release Date Price: $32.75 (+10.05%)

Transcript

Nicole Mommsen

Volkswagen AG - Head of Corporate Communications

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and I'm Head of Global Group Communications. Yesterday, many of you already joined us for our Power Day. Today, our CEO, Herbert Diess, will tell you how battery and charging fit into the overall picture; our CFO, Frank Witter, will present last year's annual earnings; and our new CFO, Arno Antlitz, will present his CFO agenda for the coming years. Our executives will hold their presentations in English, and our Q&A later on will be in German.

And with that, let me hand over to Herbert Diess.

Herbert Diess

Volkswagen AG - Chairman of Management Board & Group CEO

Thank you, Nicole. Ladies and gentlemen, 2020 was a unprecedented year, a year in which Volkswagen mastered one of the biggest challenges in our history. In the pandemic, we managed supply chains and production worldwide, made sure our employees are safe and secured liquidity. At the same time, Volkswagen accelerated its transition into a climate-neutral, software-driven mobility group. I

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