VW subsidiary Everllence sees itself well prepared for independence

Augsburg – Uwe Lauber, CEO of the VW subsidiary Everlence, believes his company is well-equipped for independent operation. "We can look to the future from a position of financial strength," Lauber told the Essen-based newspaper "Westdeutsche Allgemeine Zeitung" (Friday edition). "We have now experienced massive growth for five years in a row – and our prospects are positive." Lauber affirmed the question of whether Everlence (formerly MAN Energy Solutions) could also survive independently without the financial backing of the VW Group. "We are laying the foundation through profitable business. Our goal is a minimum return of nine percent," he said. "We are on the right track." The company is "already an exotic player within the VW Group." The plant manufacturer Everlence, according to its own information, employs around 15,000 people at more than 140 locations worldwide.