TASK 2
Financial Resources
Volkswagen is the world's largest automaker with its scale and resources bigger than most of its competitors. The company is financially stable and robust. In line with the recommendations suggested to Volkswagen to come out of the mess that it is embroiled in, the following resources would be required:-
R & D investment (€11.5 billion) must be focused towards ICE(Internal Combustible Engines).This would include the electrification of our vehicle portfolio, an efficient range of engines and lightweight construction; alternative drive technologies.
With an annual procurement value of € 132.5 billion and a large proportion of sales revenue generated from foreign currencies, localization becomes an important factor in hedging against currency fluctuations.
Volkswagen would require $70b billion to develop its brand new MQB platform(Modular Transverse Matrix).
Considerable investment also need to be made in order to meet the …show more content…
This will only happen by closely working with regional development teams and cooperation with local suppliers.
Technological Resources
The crisis of Volkswagen can be mitigated by the development of Online Tools which are fast and accurate so that customers can check if their vehicles have the emission standards diesel engine. This can be easily developed by building a module which takes in information like year, make, model, engine number. The data base will have to upload into the module with the database. The existing Information Technology capabilities can be leveraged for the development of software.
Developing to provide whole range of diagnostic solutions for the customer. This will catapult Volkswagen towards proactive frontier of enhanced value delivery form the proposed reactive solution. Developing focus towards engineering in fuel
Financial Resources
Volkswagen is the world's largest automaker with its scale and resources bigger than most of its competitors. The company is financially stable and robust. In line with the recommendations suggested to Volkswagen to come out of the mess that it is embroiled in, the following resources would be required:-
R & D investment (€11.5 billion) must be focused towards ICE(Internal Combustible Engines).This would include the electrification of our vehicle portfolio, an efficient range of engines and lightweight construction; alternative drive technologies.
With an annual procurement value of € 132.5 billion and a large proportion of sales revenue generated from foreign currencies, localization becomes an important factor in hedging against currency fluctuations.
Volkswagen would require $70b billion to develop its brand new MQB platform(Modular Transverse Matrix).
Considerable investment also need to be made in order to meet the …show more content…
This will only happen by closely working with regional development teams and cooperation with local suppliers.
Technological Resources
The crisis of Volkswagen can be mitigated by the development of Online Tools which are fast and accurate so that customers can check if their vehicles have the emission standards diesel engine. This can be easily developed by building a module which takes in information like year, make, model, engine number. The data base will have to upload into the module with the database. The existing Information Technology capabilities can be leveraged for the development of software.
Developing to provide whole range of diagnostic solutions for the customer. This will catapult Volkswagen towards proactive frontier of enhanced value delivery form the proposed reactive solution. Developing focus towards engineering in fuel