Skip to main content

“Volkswagen FAST” Initiative: Volkswagen Group Redefines Cooperation with Suppliers


  • Volkswagen intends to shape the transformation of the automotive industry together with strong partners

  • Garcia Sanz: “The network of the entire automotive value stream will be even more important in the future.”

  • More than 100 CEOs of top suppliers obtain information on innovations and global networking within the Volkswagen Group


The Volkswagen Group invited its key global suppliers to Wolfsburg today for the kick-off event of the new Volkswagen FAST (Future Automotive Supply Tracks) program. Dr. Francisco Javier Garcia Sanz, Member of the Board of Management of Volkswagen Aktiengesellschaft responsible for Procurement, launched the new corporate initiative together with development and procurement board members of the Group brands.


“The automotive industry is changing fundamentally. New technologies and shorter product cycles pose challenges for our industry. In future, a key success factor will be a highly efficient global supplier network,” said Procurement Board Member Garcia Sanz at the kick-off event. The Group-wide Volkswagen FAST initiative targets the best partners in Volkswagen’s international supplier network. “Together with our partners, we intend to forge ahead with the globalization and innovations of our brand and the entire automotive industry and to actively shape the future of the industry,” Garcia Sanz emphasized.


The objective of the FAST program is to prioritize investments and make efficient use of resources in closer cooperation with suppliers. We aim to boost the number of product and process innovations and to coordinate them even more effectively. The first step will be to identify the best suppliers in an agreed selection procedure. Only these companies will receive access to Volkswagen FAST. These partners will be involved in innovation cycles within the Group at an earlier stage. For this purpose, we have established a new innovation interface. In return, FAST partners will also contribute their ideas to the pre-series development of vehicles at an earlier stage. At the same time, production networks between Volkswagen and its partners will be harmonized even more closely in the context of the globalization strategies in order to generate further synergy effects and derive the maximum possible benefit.


The post “Volkswagen FAST” Initiative: Volkswagen Group Redefines Cooperation with Suppliers appeared first on VWVortex.






from VWVortex http://ift.tt/1vFZeev

via IFTTT

Comments

Popular posts from this blog

Review: Saying Goodbye to the CC V6

For all its size and its global reach, Volkswagen is still, in many ways, a deeply human company. There was, for instance, the Bugatti Veyron an ego project if ever there was one. Then the purchase of Ducati, a move most called folly. And then there was the Phaeton, the Volkswagen that most folks can’t afford. Not only were these moves all strange, I’m sure that they made VW’s accountants furious. None of them made good business sense, but they were all deeply interesting and they all are evidence of the heart that beats at the center of VW. Among these follies is the CC, a car that everyone agrees is rakishly handsome, but that no one really wanted to buy. The car couldn’t last, but the world is brighter for its having been in it. With the approach debut of the Arteon, it seems like a good time to look back on its sadly departing predecessor. The version I drove, because I live in Canada, is a V6 Wolfsburg Edition, which apparently isn’t available in the States. Nor is the V6, not as...

Mitsubishi admits it lied about MPG ratings for all vehicles in Japan

Filed under: Government/Legal , Green , Mitsubishi , Fuel Efficiency , Japan Mitsubishi says its shady fuel-economy test practices may have been used on all vehicles it sells and has sold in Japan. Continue reading Mitsubishi admits it lied about MPG ratings for all vehicles in Japan Mitsubishi admits it lied about MPG ratings for all vehicles in Japan originally appeared on Autoblog on Wed, 11 May 2016 12:36:00 EDT. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments from Autoblog Volkswagen http://ift.tt/21X3bHv

More 3.0-Liter TDI Settlement Details Expected by January 31

Volkswagen and the TDI Plaintiff’s Steering Committee were in court today for another status conference following the agreement in principal reached earlier this week. Little new information was given at the conference held before Judge Charles Breyer today, but the court ordered the parties to develop a formal settlement agreement, class action notices, and a class notice plan by January 31, 2017. For now, though, owners still don’t know how much to expect in compensation. Elizabeth Cabraser, lead Counsel for the Plaintiff’s Steering Committee reaffirmed in a statement today that the compensation would be “substantial.” The potential cost to Volkswagen is widely reported to exceed $1 billion, though, with an additional $225 million going into an environmental trust to help offset excess emissions. Buy back offers are still only expected for the oldest 20,000 of the roughly 80,000 VW Group vehicles sold in America with the 3.0-liter TDI engine. Those vehicles are mostly SUVs, like ...