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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Volkswagen Group
Volkswagen Group (VOW) investor relations material
Volkswagen Group Pre-close call presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Pre-close call presentation summary13 Oct, 2026
Deliveries and market position
9M deliveries reached 6.0m units, down 9% YoY; flat excluding China. BEV deliveries fell 5% YoY, flat excluding China; BEV share was 11% and global market share 10%.
Q3 deliveries declined 14.3% YoY worldwide; 9M deliveries were down 9.0%.
Q3 regional deliveries: North America -2.3% (9M +1.7%); Europe -5.8% (9M -4.0%); China -38.5% (9M -30.2%); South America -2.4% (9M +4.3%).
Q3 brand-group deliveries: Core -14% (9M -9%); Progressive -20% (9M -11%); Sport Luxury -15% (9M -16%); Trucks +10% (9M +3%).
Orders and BEV momentum
European order book rose 4% from Dec 2025 to Sep 2026, reaching 1.055m vehicles and around three months of coverage; Jan-Sep order intake increased 4% YoY to 3.025m.
BEVs represented 40% of the European order book in Sep 2026, up 18 percentage points since year-end 2025; BEV orders rose 39% YTD, supported by almost 150,000 Electric Urban Car family orders.
Q3 financial factors and outlook
FY2026 special effects were estimated at €10bn; around €9bn was expected in H2, including around €8bn in Q3, mainly a €6bn non-cash Porsche goodwill impairment and €2bn of restructuring and asset impairment expenses.
Updated FY2026 outlook: sales revenue around €315bn, operating profit margin up to 1%, automotive investment ratio 11%-12%, automotive reported net cash flow €3bn-€6bn and automotive net liquidity €32bn-€34bn.
The outlook reflects the current tariff situation, includes the third Rivian payment and excludes potential effects from further Middle East escalation and larger asset disposals.
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Latest events from Volkswagen Group
- Ambitious 2030 plan targets 8%-10% margin, EUR 31bn profit, and major cost and complexity reductions.VOW
Future Plan 2030 - Driving battery innovation and growth with unified technology, scale, and sustainability.VOWPowerCo presentation
- Strong global revenue, robust liquidity, and strategic focus on electrification and regional growth.VOWInvestor presentation
- Workforce and business are being transformed for a digital, electric, and sustainable future.VOWSustainability presentation
- Electrification, digitalization, and workforce upskilling drive a major transformation.VOWInvestor presentation
- Over €1.5 billion annual cost relief and 30% workforce reduction in Germany by 2030 agreed.VOWAgreement presentation
- Record ICE share, strong NEV push, and rapid local innovation drive growth and efficiency.VOWChina Update Presentation
- Transformation accelerates with new models, BEV leadership, and robust cost and investment discipline.VOWProduct & Tech Update presentation
- Ambitious sustainability, workforce transformation, and cybersecurity drive future value.VOW7th virtual ESG Conference for Investors and Analysts
Next Volkswagen Group earnings date
Q3 202629 Oct, 2026
Volkswagen Group
Next Volkswagen Group earnings date
Q3 202629 Oct, 2026
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Frequently asked questions
Das Auto
Volkswagen AG, recognized globally for its iconic "VW" logo, is one of the most well-known automotive manufacturers in the world. Founded in 1937 and headquartered in Wolfsburg, Germany, Volkswagen has grown to be a leading global automotive company. With a wide array of vehicle models and brands under its umbrella, Volkswagen’s portfolio ranges from economy vehicles to luxury cars and commercial vehicles.
The People’s Car
Volkswagen's inception was rooted in the desire to create a car that was affordable and practical for the German public. The result was the creation of the "Volkswagen," literally translated as the "people's car." The first model produced was the now-iconic Volkswagen Beetle, a car that is synonymous with the brand and one of the best-selling cars of all time. Over the years, Volkswagen expanded its product line, introducing classic models such as the Golf, Polo, and Passat, each finding significant success in global markets.
Global Reach and Diverse Portfolio
Today, Volkswagen is a brand rooted in Europe but with an extensive network of manufacturing and assembly facilities that span the globe, with plants in more than 27 countries. Apart from its core Volkswagen Passenger Cars brand, the Volkswagen Group also owns several high-profile automotive brands, including Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, and more. The company also owns several brands operating toward commercial customers with names such as MAN and Scania under their ownership. This means that regardless of whether a customer is looking for a high-performance supercar or a family vehicle, Volkswagen has several models available under its umbrella. Operating as a conglomerate is nothing unique in the automotive industry, and examples of this include Stellantis and General Motors.
The Future of The Industry
Volkswagen has always been committed to innovation and technology in its pursuit to create advanced vehicles. The company invests heavily in Research & Development, working on the continuous improvement of its internal combustion engines, while also focusing on the development of innovative and sustainable drive technologies. Like the rest of the automobile industry, Volkswagen will need to transform its business for an electrified future. This is something that they have begun to do, most notably with their line of “ID” models.