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FIAT continues its help for the World Meeting on Human Fraternity with its electrified fleet

  • For a second yr FIAT is supporting the World Meeting on Human Fraternity organised by the “Fratelli Tutti” Vatican Foundation and happening in Rome on May 10th and 11th.
  • FIAT will present a fleet consisting of Fiat 600 electrical and hybrid, with the latter making its debut in Rome, underlying the Brand’s dedication to atmosphere and sustainability.
  • Olivier Francois, FIAT CEO and Stellantis Global CMO, will take part in “Sustainability and Enterprise: being good pays off” roundtable. 

FIAT proudly pronounces its help for the World Meeting on Human Fraternity (WMHF) for the second consecutive yr. The assembly is organised by the “Fratelli Tutti” Vatican Foundation beneath the theme of #BeHuman and takes place in Rome on May 10th and 11th. Its fundamental goal is to foster dialogue and cooperation amongst international luminaries from various fields to deal with urgent societal challenges.

Central to FIAT’s involvement on this occasion is its dedication to environmental care and sustainable practices. As a part of its dedication, the FIAT fleet of electrified autos, comprising Fiat 600 and together with the debut look of the brand new Hybrid model, will guarantee environment friendly and environmentally pleasant mobility for attendees. This showcase of FIAT’s cutting-edge electrified know-how underscores its proactive strategy to the promotion of extra sustainable mobility.

During the WMHF, distinguished personalities from across the globe will get collectively to discover pathways to human fraternity and collective well-being via a collection of dynamic discussions throughout 12 thematic tables. Notably, one of many pivotal discussions on the assembly, specializing in sustainability, will probably be attended by FIAT CEO, Olivier Francois, reflecting the Brand’s dedication to sustainable dedication and initiatives. Under the theme “Sustainability and Enterprise: being good pays off”, this session will study the position of fraternity as a catalyst for sustainable practices within the company sector. It will advocate for a recentering of widespread good, social cohesion, and collaborative motion to redefine high quality of life—a paramount problem dealing with trendy enterprises.

This yr’s occasion marks the second gathering following the historic Fraternity Declaration signed on June 10th, 2023, underscoring the continued dedication of worldwide leaders to fostering a extra interconnected and compassionate world.

FIAT is honoured to contribute to the World Meeting on Human Fraternity, reaffirming its dedication to driving constructive change and advancing the shared values of sustainability on a world scale.

World Meeting on Human Fraternity Roundtables (LINK: World Meeting on Human Fraternity – Fondazione Fratelli tutti)

Turin

10th May 2024

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Ends

Contact: 

VINCE CLISHAM
HEAD OF PUBLIC RELATIONS
vincent.clisham@stellantis.com

TEL +44(0)7385 114390 

 

LUCINDA INGGS 
PUBLIC RELATIONS MANAGER
lucinda.inggs@stellantis.com

TEL +44(0)7542 394878

MICHAEL ARNOLD
PRESS FLEET MANAGER
pressfleet@stellantis.com   

TEL +44(0)7831 829410

JEREMY TOWNSEND
COMMUNICATIONS DIRECTOR
jeremy.townsend@stellantis.com   

TEL +44(0)7827 896480

ROLLS-ROYCE MOTOR CARS: SHAPING THE WORLD FOR 120 YEARS

  • Rolls-Royce marks the one hundred and twentieth anniversary of the primary assembly between founders Henry Royce and The Hon. Charles Stewart Rolls, on 4 May 1904
  • A short evaluate of the founders’ lives and careers within the years main as much as their historic encounter in Manchester, and the roles of different much less well-known, however nonetheless pivotal, actors within the Rolls-Royce origin story
  • An examination of the world and society through which Rolls-Royce was established and the marque’s contribution to the broader technological progress of the age
  • Part of a year-long celebration of the extraordinary folks, occasions and motor vehicles that make up Rolls-Royce’s wealthy and noteworthy heritage

“From a modern perspective, 1904 can feel impossibly distant from our own times. But it was an age of unprecedented invention, innovation and technological progress, in which many of the things we now take for granted first appeared. Rolls-Royce was born into this extraordinarily dynamic, creative world and would go on to shape it profoundly and irrevocably. Looking back, the meeting of Rolls and Royce seems somehow predestined, the arcs of their respective careers up to that point making it appear almost inevitable. In fact, it came about through a web of chance connections and overlapping relationships; without these, given their vastly different backgrounds and social circles, it might never have happened at all. We are proud to continue their remarkable story, to celebrate and build upon their unique legacy 120 years later.”
Andrew Ball, Head of Corporate Relations and Heritage, Rolls-Royce Motor Cars

On 4 May 2024, Rolls-Royce Motor Cars marks the one hundred and twentieth anniversary of the primary assembly between Henry Royce and The Hon. Charles Stewart Rolls. The founders’ private tales, the historical past of the corporate they based and its motor vehicles are well-known and obtainable to view elsewhere on the Rolls-Royce PressClub.

To rejoice this auspicious anniversary, Rolls-Royce considers the historic, technological and social context through which the marque got here into being and the affect and affect of the Rolls-Royce identify over its 120 years. But to totally perceive the marque’s origins and legacy, one should first attain a bit additional again in time and look at the founders’ actions within the years instantly previous to that first, world-changing encounter in 1904.

HENRY ROYCE: THE ENGINEER

For Henry Royce, the story actually begins in late 1884, when he based his first engineering firm, F. H. Royce & Co. (he was christened Frederick Henry) in Manchester. Initially producing small gadgets comparable to battery-powered doorbells, the corporate progressed to creating heavy gear together with overhead cranes and railway shunting capstans.

But after nearly twenty years of enlargement and success, in 1902 the corporate was heading for monetary bother, owing to competitors from an inflow of cheaper merchandise from Germany and the USA. Royce’s perfectionism and obsession with enchancment meant he was not ready to enter a race to the underside, or compromise the standard of his merchandise. Habitual overwork and fixed pressure significantly affected his already weakened structure, and at last his well being collapsed completely.

His medical doctors ordered him to take an prolonged break, so Royce launched into a 10-week go to to his spouse’s household in South Africa. Yet even on a medically imposed relaxation remedy, his engineer’s thoughts was as lively and inquisitive as ever. His selection of studying materials on the lengthy voyage was The Automobile: Its Construction and Management, initially written in French by Gérard Lavergne and translated into English that 12 months. This was actually ‘the book’ on easy methods to construct a motor automobile, and Royce was clearly each enlightened and impressed by it.

On his return to England, Royce – now bodily and mentally recovered – instantly acquired his first motor automobile, a French 10 H.P. Decauville. It’s usually been assumed that this automobile was so poorly made and unreliable that Royce, out of sheer frustration, set about addressing its quite a few defects.

In reality, nearly the alternative is true. He selected the Decauville exactly as a result of it was a superb, state-of-the-art machine with the categorical intention of dismantling it, analysing each element, then producing his personal automobile from scratch. Any fairly competent engineer might have upgraded a badly constructed, substandard product: it took a genius of Royce’s stature to, in his personal phrases, “take the best that exists and make it better”.

THE VITAL ROLE OF ‘LITTLE ERNIE’

One of the lesser recognized – however nonetheless important – contributors to the primary Royce vehicles’ growth was Ernest Wooler. Born in Manchester in 1888, 15-year-old Ernest stood 5 ft 4 inches (1.62m) tall and was nicknamed ‘Little Ernie’ when he joined Royce Limited in 1903 as an indentured premium apprentice – a place for which his father paid the very appreciable sum of £100 (over £15,000 at in the present day’s values). He labored a 56-hour week for a shilling a day (about £7.60 now) within the drawing workplace, studying to make blueprints – and, strictly towards the foundations, producing his personal drawings on the draughtsmen’s boards.

One morning, he obtained an ominous summons: Mr Royce himself wished to see him. After severely reprimanding the unlucky teen for his unauthorised handiwork, Royce ordered him to go and fetch a typist’s notepad. Mystified, Ernie did as he was instructed and gave the pad to his employer. Royce waved it away. “You hold onto that and follow me,” he mentioned and led the way in which to the workshops, the place he climbed onto the Decauville, took off his jacket and rolled up his sleeves. Then, assisted by a fitter, he started methodically taking the automobile aside. Nearby, Ernie sat on a field along with his notepad. “Each piece was handed to me, and I made a sketch of it and added the dimensions they quoted,” he later recalled.

As Royce appropriately judged, Ernie was the best individual to seize the essential knowledge that will inform the design of the motor vehicles that adopted. It’s additionally tempting to surprise if Royce recognised a kindred spirit; a younger man beginning on the backside, however keen to higher himself. If so, he was proper. In 1913, Ernie emigrated to America and loved a profitable profession as a design engineer, changing into an professional in bearings and submitting quite a few patents. In 1947, he retired to Hillsboro Beach, Florida, the place he was elected because the city’s first mayor.

SMALL THINGS MAKE PERFECTION

Royce had left faculty aged simply 10 and his formal schooling consisted of night lessons in English and Mathematics that he attended in his late teenagers; later, because the world-renowned Sir Henry, he nonetheless self-deprecatingly described himself as having the ability to do not more than easy arithmetic. But he had an instinctive, intuitive expertise that greater than made up for his lack of educational credentials.

As famous, the Decauville was a extremely developed motor automobile in its personal proper and Royce sensibly retained a few of its key options – a two-cylinder engine, dwell propshaft and differential fairly than chain drive – in his personal designs. He additionally launched quite a few detailed alterations and improvements: mechanically fairly than atmospherically operated inlet valves; a more practical radiator; alternative important, large finish and gearbox bearings; and a single gear lever changing the Decauville’s notoriously difficult twin-lever association. From the outset, he was obsessive about decreasing the automobile’s total weight, starting with the easy and apparent expedient of discarding the Decauville’s bronze warning bell, which apparently weighed round 20kg (over 40lb).

It was not solely the Decauville that Royce subjected to his intricate and exacting scrutiny. Between 1902 and 1905 he repaired, investigated and test-drove varied makes of vehicles belonging to (presumably keen) pals and acquaintances to realize extra first-hand insights. According to his personal data, he coated some 11,000 miles in the midst of this analysis; lots of them undoubtedly within the Decauville, which he stored till at the very least 1906.

Royce the engineer was aiming to construct one of the best automobile on the earth. It was no self-importance venture or proof-of-concept train: he needed his technical innovation to be commercially viable. Unfortunately, simple attraction, a large social community and a method with phrases weren’t amongst his many items. But in London, there was a younger man who had these qualities in abundance.

THE HON. CHARLES STEWART ROLLS: THE SALESMAN

In many respects, The Hon. Charles Stewart Rolls was Royce’s antithesis: rich, aristocratic, urbane, well-connected and extremely (and expensively) educated. What they shared was a ardour for engineering and equipment – in Rolls’s case, racing vehicles, sizzling air balloons and aeroplanes.

After graduating from Cambridge in 1898, Rolls had been briefly employed as Third Engineer on his household’s steam yacht, the Santa Maria, following a spell on the London & North-Western Railway in Crewe. But after just some years, he realised that his appreciable abilities required a unique outlet.

In January 1902, Rolls opened one in every of Britain’s first automobile dealerships, C. S. Rolls & Co., in Fulham, west London, partnering with the formidable Claude Johnson on the finish of 1903. The enterprise, initially underwritten by Rolls’s father, Lord Llangattock, imported and offered French Panhard and Mors vehicles, in addition to Minerva autos in-built Belgium. The enterprise seemingly flourished, however Rolls was pissed off that every one his inventory was designed and manufactured abroad. He might discover no automobile produced domestically that met his shoppers’ wants, or his personal requirements as each a educated engineer and a lifelong fanatic.

As 1904 dawned, the weather of a doubtlessly transformative partnership had been in place: Royce the gifted engineer seeking a market; Rolls the consummate salesman searching for a game-changing product. All that was wanted was one thing – or somebody – to carry them collectively.

HENRY EDMUNDS: THE CRUCIAL CONNECTION

Rolls had befriended Henry Edmunds by way of the Automobile Club of Great Britain & Ireland (later the Royal Automobile Club). Edmunds was a director of Royce Limited and had pushed one of many firm’s early 10 H.P. vehicles. His enthusiasm for the automobile was such that Rolls requested a gathering with its creator, which Edmunds duly organized. On returning to London from Manchester, Rolls advised Claude Johnson that he had discovered “the greatest motor engineer in the world”. Rolls agreed to promote all of the vehicles Royce might make and the remaining is, actually, historical past.

THE WORLD IN 1904

So a lot for the personalities. What of the world and context through which Rolls-Royce was shaped?

Much of what’s taken without any consideration in the present day was nonetheless many years sooner or later – certainly, many issues now thought-about important wouldn’t arrive till the next century. From the vantage level on the time of writing in 2024, 1904 appears like historical historical past: a grainy, distant, black-and-white world indifferent from our personal instances and experiences.

Rolls and Royce met in a world with out tv, penicillin or FM radio. Construction work had simply begun on the Panama Canal; The RMS Titanic wouldn’t set sail on her fateful maiden voyage for one more eight years. King Edward VII was two years into his reign, having succeeded his mom, Queen Victoria, in 1902 – the 12 months that additionally noticed the tip of the Boer War, one 12 months previous to Wilbur and Orville Wright making the world’s first flight in a powered plane. Arthur Balfour was British Prime Minister, Theodore ‘Teddy’ Roosevelt was President of the United States and Franz Joseph I used to be Emperor of Austria-Hungary.

The motor automobile, too, was nonetheless in its infancy; Karl Benz had produced the primary ‘true’ petrol-powered car – albeit with simply three wheels – in 1886, and motoring remained largely a pastime for daring, well-heeled lovers like Charles Rolls. The world must wait till 1913, when Henry Ford displayed the world’s first shifting meeting line, for vehicles to develop into accessible and inexpensive to nearly all of the inhabitants.

But the seeds of our trendy life had been there. This was the belle époque, an unusually protracted interval of peace and political stability in Europe that gave rise to financial confidence and prosperity, which in flip inspired a surge in innovation. The previous 20 years alone had seen the invention of the vacuum cleaner, electrical oven, dry-cell battery, ballpoint pen, cinema, pneumatic tyre, x-rays and radio. The nice technical marvel of 1904 was City of Truro, the primary steam locomotive on the earth to exceed 100mph – a document that stood for 30 years.

There had been important social and cultural advances, too, with the appointments of Britain’s first black mayor, and first feminine college professor. The London Symphony Orchestra gave its inaugural live performance and the Coliseum Theatre opened within the West End. Literary circles had been graced by titans together with Mark Twain, H. G. Wells, Jules Verne, James Joyce, Leo Tolstoy and P. G. Wodehouse; live performance halls and opera homes premiered works by Debussy, Sibelius, Ravel, Elgar, Puccini, and Mahler. New varieties of music additionally bloomed, because the syncopated rhythms that will inform Jazz proliferated by way of Ragtime.

It was into this terribly fertile, dynamic and optimistic age that Rolls-Royce was born. A time through which visionaries and pioneers would form how the world thought, functioned and behaved for years or many years to return; precisely what Rolls and Royce did with their new motor automobile.

By constructing a machine whose engineering, efficiency, reliability and sturdiness surpassed the whole lot that had gone earlier than, Royce and Rolls set the usual not just for all of the Rolls‑Royce fashions that will observe, however for the motor automobile itself. In so doing, they formed a know-how that will rework work, journey, communications, communities, infrastructure, design, know-how, supplies society, politics, economics and tradition in methods they might by no means have predicted.

A PERMANENT LEGACY

Rolls and Royce fulfilled their mission to create ‘the best car in the world’. They gave their names to a dynasty of motor vehicles that outlined, and continues to outline, superluxury motoring internationally.

But maybe their crowning achievement is to have made Rolls-Royce the worldwide exemplar of excellence. Practically each product, service, gadget and know-how that has been invented since 1904 has aspired to be ‘the Rolls-Royce of…’ its business or sector. The customary they set 120 years in the past continues to be driving innovation and enchancment in all places – together with throughout the firm they created.

5 Little-Known Microsoft OneNote Features You Didn’t Know You Needed

Picture this: you are in a lecture or a gathering placing each essential level down on OneNote, and the speaker begins scribbling down a string of equations on the whiteboard. Typically, you’d word these down on paper utilizing a pen or enter them in Excel. However, OneNote has a function that may help you jot down these formulation in actual time utilizing the built-in math instruments, with out having to modify to a different app.

It comes with a spread of capabilities to control and analyze equations proper inside your notes. You can remedy quadratic equations, plot a graph to visualise your knowledge, and carry out different difficult duties simply.

To entry this function, head over to the Draw part in OneNote. Click on the three dots on the far-right facet of the toolbar and select Ink to math. You can now draw your equation within the dialog. It will seem as a mathematical system in the identical dialog. Once you’re executed, click on Insert so as to add the system to your word.

This is usually a nice function for college students and professionals in STEM fields. Even if math is not your forte, you need to use it when you find yourself working with numbers, like making a funds sheet.

Volkswagen Passenger Cars prepares plants for the future

The Volkswagen brand is getting its Germany-based production network ready for the future. In a meeting, the Group Board of Management informed the Supervisory Board of the Volkswagen Group about its plans for vehicle allocation for the brand until 2028. By doing this, the company is setting itself up for profitable capacity utilization and economic success in the coming years. The brand’s performance program, ACCELERATE forward | Road to 6.5, emphasizes efficient vehicle allocation and increased productivity.

Thomas Schäfer, CEO of the Volkswagen brand, highlighted the challenges faced by the industry during its transformation under difficult business conditions. He emphasized the importance of preparing individual plants and the Volkswagen production network in Germany for the future. The newly approved vehicle allocation plan will significantly contribute to building a strong, competitive VW brand.

Christian Vollmer, Board of Management member for Production and a member of the Extended Executive Committee for Production, stated that the transition to electromobility presents an opportunity to simplify production operations and increase plant efficiency. The company aims to streamline vehicle production by grouping vehicles based on the same architecture across all brands. This approach will save costs associated with integrating different vehicle architectures and enable plants to produce multiple models using the same technical basis.

Daniela Cavallo, General Works Council Chairwoman, expressed satisfaction with the decisions made regarding domestic vehicle manufacturing VW plants. The company and the Works Council worked together to find solid solutions that maximize factory utilization and provide clarity for the workforce. The planning round and performance program will now proceed to the next stages.

In addition to the ID.3, which will be ramped up in 2023, the plant in Wolfsburg will produce a second electric model. Starting in 2026, a high-volume all-electric SUV for the A segment is scheduled to be manufactured. The plant will also produce the popular Golf and the new Tiguan generation, ensuring its stable utilization. The successor model of the Tiguan Allspace will be produced at the Wolfsburg main plant starting in 2025. Instead of building an additional plant in Wolfsburg Warmenau, new electric models based on the SSP architecture will be integrated into existing and modernized structures at the main plant, to be introduced at the end of the decade. The Volkswagen icon Golf will also transition to electric power on the SSP basis. The Trinity vehicle project, originally planned for Wolfsburg, will now be assigned to the Zwickau plant.

The Osnabrück plant will continue its partnership with Porsche and produce the Arteon and T-Roc convertible, in addition to combustion vehicles.

The previous planning will remain unchanged for all other German and international locations of the Volkswagen brand.

RIDING THE 2024 SHERCOS: THE WRAP

Last week, I attended Sherco’s 2024 dealer meeting in San Antonio, Texas. It was an amazing opportunity to hang out with Gary Hazel, Pat Smage, Cooper Abbott, and Cody Webb, and check out the 2024 models. We then had the chance to ride the bikes at Zars Ranch, a private riding area outside of San Antonio. Here’s what I learned:

SHERCO 500 DUAL-SPORT

Cody Webb rode the 500 dual-sport like it was a trials bike.

The Sherco 500SEF Dual-Sport is now approved by the DOT, EPA, and CARB, making it legal in all 50 states. This is a surprise because the U.S. homologation process is typically lengthy and costly. Sherco managed to keep this a secret, and they now join KTM, Husqvarna, Beta, and Honda as one of the few manufacturers committed to producing a fully legal dirt bike. The 500SEF is based on the 500SEF off-road bike that Grant Baylor used to win the 2020 National Enduro Championship. The Sherco 500 is the most powerful dual-sport 500 available, with excellent low-end power and substantial mid-range performance. It offers a smooth ride with no intense power surge at high rpm. The fuel delivery is clean, and the bike doesn’t stall, even when Cody Webb rode it over logs and rocks at low idle. More details will be available in the November print edition of Dirt Bike.

SHERCO 500SMF SUPERMOTO

2024 Sherco 500SMF

Sherco went through the extensive homologation process again with the 500SMF Supermoto, which shares the same motor as the dual-sport version. The main differences are the wheels and brakes, targeting street-bike canyon racing. The front wheel features a 3.5 x 17-inch black rim with a 120/70 Michelin tire, and the rear has a 5 x 17-inch rim with a Michelin 150/60 tire. The front brake boasts a massive 320mm rotor.

125 DUAL-SPORT AND SUPERMOTO

2024 Sherco 125 Dual-Sport

Sherco recognizes the need to explore new markets to compete with the Austrian models. That’s why they invested in the homologation process for two street-legal 125 four-strokes. The 125SEF Dual-Sport and the 125SMF Supermoto are unique options in the U.S. market, featuring fuel-injected single overhead cam engines with six-speed transmissions. Although not particularly fast, their target price is under $5000.

300 AND 250 TWO-STROKES

2024 Sherco 300SE

The two-stroke enduro bikes are always highly anticipated by dirt bike enthusiasts, and Sherco understands this. The 2024 models of the 250SE and 300SE have minimal changes, including a new LED headlight, updates to the wheels, clutch cover, and swingarm. It’s hard to choose a favorite when riding both the 250 and the 300 back to back. Both offer excellent low rpm performance and similar peak power output. The 250 has a more aggressive feel but requires more shifting, while the 300 provides an effortless ride. We are excited to get our hands on these bikes in the DB shop.

250 AND 300 FOUR-STROKES

Hey, that’s me on the 2024 Sherco 250SEF! Photo by Andrew at Winpics.

Sherco made significant changes to the 250 and 300 four-stroke enduro motors for 2024, although these changes may not be obvious externally. The center cases and head are new, and there are updates to the valves, valve springs, and the addition of a transmission sensor for different maps per gear. On the trail, the 250 has improved throttle response and more power, making it feel snappier. The small Sherco four-strokes have always delivered power suitable for off-road riding, without the intense hits of motocross bikes. The 2024 models offer even more power without sacrificing their smooth characteristics.

450 AND 500 FOUR-STROKES

2024 Sherco 500SEF, off-road version

The 500SEF off-road bike shares similarities with the 500 dual-sport, but without the homologation restrictions. It lacks DOT equipment, airbox restrictors, and exhaust catalysts. It also features a functional map switch. For those interested in racing without the need for a license plate, the large Sherco models are the way to go. They offer ample power but aren’t designed as motocross bikes. The power delivery is smooth, and the suspension provides a comfortable ride. The only difference between the 450SEF and 500SEF models is a 3mm bore size.

SHERCO TRIALS

Pat Smage recently won his 14th National Trials Championship using the brand-new fuel-injected STR300 bike. This was a bold move considering the bike was still in development, and mapping adjustments had to be made between rounds. Sherco has been working on fuel-injected two-strokes for more than five years, initially focusing on the enduro line. The technology has now reached a competitive level. While I didn’t have a chance to ride the trials bike, Pat Smage is absolutely in love with it.

See you next week!

–Ron Lawson

SHERCO 500 DUAL-SPORT: FIRST RIDE

We traveled to San Antonio, Texas for the 2024 Sherco dealers meeting. To our surprise, the Sherco team unveiled a brand new 500cc Dual-Sport motorcycle that had received approval from the DOT, EPA, and CARB. This means that the bike is now legal in all 50 states. It’s quite unexpected because obtaining homologation in the U.S. is usually a difficult and costly process. Sherco managed to keep this development a secret, and now they have joined the ranks of KTM, Husqvarna, Beta, and Honda as one of the few manufacturers committed to producing a dirt bike that is 100 percent street-legal. We were fortunate enough to witness the bike in action during our first ride, where Cody Webb showcased its impressive capabilities.

Jaguar Recognizes Previous Choices Led to Mediocre Results

During a meeting with investors in Gaydon, JLR Chief Creative Officer Gerry McGovern openly acknowledged the current state of Jaguar. He admitted that past decisions have negatively impacted the company’s success, as their attempt to appeal to a wide range of luxury car buyers and become a British BMW has been unsuccessful. Consequently, this has resulted in the brand being perceived as mediocre with no distinguishing features. Nonetheless, there is a comprehensive strategy in place to rejuvenate the Tata-owned marque.

In an effort to compete with prominent brands like Porsche, Bentley, and Maybach, Jaguar will be moving upmarket. It plans to transform itself into a solely electric brand, focused on producing high-margin, low-volume products. Future vehicles will boast unique and polarizing designs, with Gerry McGovern stating that they will no longer prioritize trying to be universally liked. He emphasized that attempting to please everyone is detrimental and has been a contributing factor to the brand’s recent struggles.

Volkswagen shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on dividend for 2022

At the Annual General Meeting of Volkswagen AG, the shareholders voted by a majority of 99.99 percent to approve the recommendation of the Board of Management and the Supervisory Board to increase the dividend for fiscal year 2022 to EUR 8.70 per ordinary share and EUR 8.76 per preferred share. This corresponds to a payout ratio of 29.4 percent and an increase of EUR 1.20 per share, which is significantly higher than previous year’s payout ratio of 25.4 percent.

At the beginning of January Volkswagen also paid out the special dividend from the successful IPO of Porsche AG in the amount of EUR 19.06 per ordinary and preference share.

The resolution on the formal approval of the members of the Board of Management and the Supervisory Board who held office in fiscal year 2022 was passed.

Dr Günther Horvath was elected to the supervisory board, succeeding the late Dr Louise Kiesling. Dr Wolfgang Porsche and Marianne Heiß were elected to the board for a further term of office. In addition, the adjustments to the remuneration of the Executive Board and the Supervisory Board were approved.