Skip to content
Company

Finance

Press releases

  • 06/14/19
    Company

    Volkswagen Group expands market share in May

    In May, there was a fall in deliveries by the Volkswagen Group compared with May 2018, but the decrease was lower than in previous months at 3.6 percent. In total, 918,900 cus-tomers throughout the world took delivery of a vehicle from a Group brand. Growth was achieved in some key European markets (Germany +4.6 percent, France +2.7 percent, Italy +2.7 percent), and in the regions of North America (+4.3 percent) and South America (+5.8 percent). However, these rises were insufficient to compensate in full for falls in other re-gions, especially Asia-Pacific (-9.4 percent). Dr. Christian Dahlheim, Head of Volkswagen Group Sales, commented: “In May, our brands asserted their position in shrinking overall markets and slightly increased the global market share. Deliveries developed in different ways in the various markets. In Europe, we almost reached the high level of the previous year and recorded growth in some key markets including Germany. Positive impetus came from North and South America, but this was insufficient to compensate for the continuing weakness of the overall market in our largest single market, China. It is gratifying to note that we once again significantly increased our market share in China.”
  • 06/12/19
    Volkswagen Group News

    Volkswagen invests in Northvolt AB

    Volkswagen AG is investing some €900 million in joint battery activities with Northvolt AB. Part of the sum is intended for a joint venture with the Swedish battery cell producer, a further share will go directly to Northvolt AB. In return, Volkswagen will acquire about 20 percent of the shares in Northvolt AB and will have one seat on the Board of Directors, subject to approval under antitrust legislation. Furthermore, a 50/50 joint venture to build a 16 GWh battery cell factory in Europe is planned during the course of this year. It is intended to locate the factory in Lower Saxony (Salzgitter) if the preconditions for this are fulfilled. Construction of the production facility is scheduled to start, at the earliest, in 2020. Battery cell production for Volkswagen is slated to commence around the end of 2023/beginning of 2024.
  • 06/12/19
    Company

    Volkswagen deliveries in May present a mixed picture

    In May, the Volkswagen brand delivered 512,100 vehicles worldwide, 5.1 percent fewer than in May 2018. There was a mixed picture in the regions: while deliveries by the brand in North America (+8.6 percent), South America (+5,4 percent) and the individual market of Germany (+2.2 percent) rose, there was, as expected, a fall in Europe (-6.1 percent). The situation in China remained unchanged. In May, Volkswagen succeeded in increasing its market share in a shrinking overall market.
  • 05/17/19
    Volkswagen Group News

    Group-wide deliveries fall in April

    The Volkswagen Group delivered 866,400 vehicles in April, 6,6 percent below the figure for April 2018. In the month under review, all core regions recorded declines in the overall market. This was a result of the sluggish economy in some markets and the tense geopoliti-cal situation in other markets. Dr. Christian Dahlheim, Head of Volkswagen Group Sales, commented: “In many major countries, the overall market experienced a downturn in April. In our largest single market of China, the customers of many brands continued to be reluctant to purchase despite the reduction in the VAT rate. The Volkswagen Group was not immune to this trend. Over the next few months, we will be introducing key new models and continue to look forward rather more optimistically to the second half of the year.”
  • 05/15/19
    Company

    Volkswagen delivers fewer vehicles in April

    In April, the Volkswagen brand delivered 487,400 vehicles worldwide, 6.2 percent fewer than in April 2018. In the month under review, there were gratifying developments in the USA (+8.7 percent), Canada (+11.1 percent), Russia (+7.3 percent) and Brazil (+7.7 percent). Deliveries by Volkswagen in China were down 6.5 percent but the brand was able to further increase its market share in a shrinking overall market. Volkswagen Sales Board Member Jürgen Stackmann: “We offer extremely attractive models in overall markets which are difficult and shrinking in many cases. In North America, our SUV offensive is bearing fruit and has had a positive effect on the monthly figures. China remains a severe challenge for us and all other market players.”
  • 05/14/19
    Volkswagen Group News

    Shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on increased dividend for 2018

    At the Annual General Meeting 2019, the shareholders of Volkswagen Aktiengesellschaft voted by a majority of 99.98 percent to approve the recommendation of the Board of Management and the Supervisory Board to pay a dividend of 4.80 (3.90) EUR per ordinary share and 4.86 (3.96) EUR per preferred share for fiscal year 2018. Approximately 2.4 billion (2.0 billion) EUR will therefore be distributed to shareholders. The ordinary shareholders deferred formal approval of the actions of Rupert Stadler for fiscal year 2018 on account of the still ongoing investigations into the diesel issue. The resolution on the formal approval of the actions of all other members of the Board of Management and the Supervisory Board who held office in 2018 was passed by 94.95 percent of the ordinary shareholders represented at the Annual General Meeting.
  • 05/13/19
    Volkswagen Group News

    Supervisory Board and Board of Management take important decisions for future of Volkswagen Group

    The Supervisory Board and Board of Management of Volkswagen AG took important decisions for the future of the Volkswagen Group today. As part of its electrification offensive the Volkswagen Group is to move forward with setting up a battery cell production facility in Europe under a partnership. To that end, the Supervisory Board approved investments of just under one billion euros at today’s meeting. It is planned to locate a battery cell production facility in Lower Saxony (Salzgitter). It was also decided to begin concrete negotiations on the planned new multibrand plant in Europe with the remaining potential locations. In addition, the Supervisory Board requested the Board of Management to start the process to develop a forward-looking, industrially meaningful solution for MAN Energy Solutions (ES) and RENK AG. The focus lies on opening future-oriented growth perspectives for mechanical engineering in the Group, for example though a joint venture, partnerships, or a full or partial sale. Furthermore, it was decided to prepare an IPO of TRATON SE to be launched before the 2019 summer break, subject to further market developments.
  • 05/13/19
    Volkswagen Group News

    Volkswagen resumes preparations for IPO of TRATON SE

    Backed by approval from the Supervisory Board, the Board of Management of Volkswagen AG today resolved to go ahead with the planned IPO of TRATON SE before the summer break, depending on further developments on capital markets.
  • 05/03/19
    Company

    Volkswagen brand boosts sales revenue and result

    In the first quarter of the 2019 financial year, the Volkswagen Passenger Cars brand performed solidly in a challenging market environment. The lead brand of the Volkswagen Group was able to boost sales revenue and operating profit in the first three months despite a slight fall in deliveries. With an improved product mix, the sales revenue of the Volkswagen brand grew by 7.1 percent to €21.5 billion. After three months, the operating profit before special impacts was 4.8 percent up on the prior-year figure, at €921 million. Here too, Volkswagen benefited from an improved product mix, positive developments in product costs and especially an improvement in fixed costs. In the first quarter, the operating return on sales was at about the same level as in the previous year, at 4.3 percent. In the reporting period, legal risks gave rise to special items in the amount of €0.4 billion in connection with the processing of the diesel issue.
  • 05/02/19
    Volkswagen Group News

    The Volkswagen Group boosts sales revenue and earnings in the first quarter

    The Volkswagen Group confirms full-year targets for deliveries to customers, sales revenue and operating profit before special items. Sales revenue of the Volkswagen Group rose 3.1 percent year-on-year to EUR 60.0 billion in the first three months of the current fiscal year. The rise, which occurred despite the decline in volumes of deliveries to customers, was mainly the result of mix improvements and the healthy business performance in the Finan-cial Services Division. At EUR 11.7 (11.6) billion, operating profit was in line with the previ-ous year. Operating profit before special items increased by EUR 0.6 billion to EUR 4.8 billion. The operating return on sales before special items rose to 8.1 (7.2) percent. Positive effects arising from the fair value measurement of gains and losses on certain de-rivatives, improvements in the mix and price positioning and the favorable exchange rate trend more than offset the rise in fixed costs and lower vehicle sales. Negative special items arising from legal risks in the amount of one billion euros reduced operating profit, which declined year-on-year by EUR 0.3 billion to EUR 3.9 billion. The share of profits or losses of equity-accounted investments and the share of profits and losses of the Chinese joint ven-tures included in that amount were on a par with the previous year at EUR 800 million. Profit before tax was down on the prior-year period, at EUR 4.1 (4.5) billion. Net liquidity in the Automotive Division amounted to EUR 16.0 billion.
  • 04/12/19
    Volkswagen Group News

    Volkswagen Group wins further market shares

    The Volkswagen Group handed over 998,900 vehicles to customers worldwide in March, corresponding to a fall of 4.3 percent compared with March 2018. In Europe (+0.6 percent) and North America (+3.7 percent), more customers took delivery of a vehicle from one of the Group brands than in the same month last year. However, this could not compensate for lower deliveries in the Asia-Pacific region (-9.9 percent) and South America (-10.2 percent). Dr. Christian Dahlheim, Head of Volkswagen Group Sales, commented: “As was the case in the first two months of the year, the Volkswagen Group again performed better than the global market in March and won further market shares. This confirms the great appeal of our brands and their products. We ended what was, as expected, a challenging first quarter with deliveries exceeding 2.6 million vehicles and high order backlogs, and are somewhat more optimistic, particularly as regards the second half of the year.”
  • 04/09/19
    Company

    Volkswagen expands market share in first quarter

    The Volkswagen brand delivered 542,700 vehicles worldwide in March, 7.2 percent below the record level for March 2018. The positive trend in the USA (+14.0 percent) could not compensate for lower deliveries in Asia (-10.0 percent), Europe (-3.5 percent) and South America (-12.7 percent). Volkswagen handed over a total of 1,456,400 vehicles to customers in the first quarter, 4.5 percent down on the same period in 2018. In an overall market that also saw deliveries fall, the brand therefore recorded a slight gain in its market share for the first quarter.
  • 03/15/19
    Volkswagen Group News

    Volkswagen Group boosts market shares in February

    In February, the Volkswagen Group handed 724,400 vehicles over to customers throughout the world, corresponding to a fall of 1.8 percent compared with February 2018. Volkswagen developed better than the overall world market, which continues to shrink, and the Group once again won market shares. This was the case in the regions of Western Europe, South America and Asia-Pacific. In the largest single market of China, deliveries fell significantly compared with the previous year (-7.4 percent), but the Group still performed better than the overall market, which remained weak. Dr. Christian Dahlheim, Head of Volkswagen Group Sales: “In February, the Volkswagen Group delivered slightly fewer vehicles than last year, but we were able to gain market shares in a shrinking overall market. Despite the market environment, which continues to be challenging as expected, we have therefore continued our solid start to the new year. With our broad-based product offensive, we are confident that we will once again record a slight increase in deliveries this year”. In 2019, the brands of the Volkswagen Group will launch over 90 new models.
  • 03/13/19
    Company

    Volkswagen brand steps up pace of transformation

    Volkswagen will be boosting the pace of its transformation following a solid fiscal year 2018. The brand is taking important steps this year to strengthen competitiveness on a sustained basis. This includes the start of the electric offensive, efficiency measures in production and further progress in productivity and margins. At the same time, the brand is rolling out an earnings improvement program aimed at achieving a sustained contribution of €5.9 billion from 2023. Measures include reducing complexity and optimizing material costs. The program will gradually start delivering results in the period from 2019 to 2022. Furthermore, efficiencies in administration are to be leveraged by a stronger focus on process digitalization. Furthermore, efficiencies in administration are to be leveraged by a stronger focus on process digitalization.
  • 03/13/19
    Company

    VW delivers fewer vehicles but gains market shares

    In February, the Volkswagen brand delivered 398,100 vehicles throughout the world, 2.2 percent fewer than in February 2018. In an overall market which shrank even more strongly, Volkswagen was able to gain market shares throughout the world. The brand delivered more cars in Germany (+3.4 percent), Europe (+1.8 percent) and South America (+45.6 percent). Falls in deliveries were recorded in North America (-4.2 percent) and China (-8.8 percent). In China too, the brand won further market shares despite strong shrinkage in the overall market.
  • 03/12/19
    Company

    Volkswagen Group brands deliver a solid performance

    In fiscal year 2018, the Volkswagen Group again benefited from its broad positioning and the sustained solid performance both of its brands and its financial services. Dr. Herbert Diess, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, explained: “2018 was a successful year for the Volkswagen Group. We performed very well in spite of strong headwinds. Our Group brands worked very hard to help achieve this result. We must now redouble our efforts, step up the pace and resolutely continue the transformation we have begun.”
  • 03/12/19
    Company

    Volkswagen plans 22 million electric vehicles in ten years

    The Volkswagen Group is forging ahead with the fundamental change of system in individual mobility and systematically aligning with electric drives. The Group is planning to launch almost 70 new electric models in the next ten years – instead of the 50 previously planned. As a result, the projected number of vehicles to be built on the Group’s electric platforms in the next decade will increase from 15 million to 22 million. Expanding e-mobility is an important building block on the road to a CO2-neutral balance. Volkswagen has signed off a comprehensive decarbonization program aimed at achieving a fully CO2-neutral balance in all areas from fleet to production to administration by 2050. Volkswagen is thus fully committed to the Paris climate targets.
  • 02/22/19
    Volkswagen Group News

    Volkswagen Group brings 2018 to successful close

    The Volkswagen Group has brought the 2018 fiscal year to a successful conclusion. Based on sales revenue of EUR 235.8 billion – a rise of EUR 6.3 billion – the operating profit before special items of EUR 17.1 (17.0) billion was on a level with the previous year. At 7.3 percent (7.4 percent), the operating return on sales before special items was at the upper end of the target range set for 2018. The operating profit stood at EUR 13.9 (13.8) billion; as in the previous year, the figure was negatively impacted by special items of EUR 3.2 (3.2) billion in connection with the diesel issue. Net liquidity in the Automobile Division was again robust, at EUR 19.4 (22.4) billion. The Board of Management and the Supervisory Board propose an increase in dividend to EUR 4.80 (3.90) per ordinary share and EUR 4.86 (3.96) per preferred share.
  • 02/15/19
    Volkswagen Group News

    Volkswagen Group makes solid start to new year

    The Volkswagen Group made a solid start to the new year, delivering 882,200 vehicles to customers worldwide in January, 1.8 percent down on the same month last year. At the same time, the Group succeeded in winning market shares in a broadly declining world market. This was the case in Europe, South America and Asia/Pacific. Particularly in the largest single market of China, the Group was not entirely immune to the persistent weakness in the overall market, however, with deliveries only down 2.9 percent, it put on a far better performance than the market as a whole. Dr. Christian Dahlheim, Head of Volkswagen Group Sales, commented: “The Volkswagen Group made a solid start to the new year with relatively stable delivery figures. The fact that we won market shares in a broadly declining overall world market is a good result. It shows the strength of our brands and their products. The persistently volatile geopolitical environment and looming economic risks in individual markets will have a decisive impact on our business this year, and I believe China and Brexit will present us with special challenges, particularly in the first few months of the year.”
  • 02/13/19
    Company

    Volkswagen sees deliveries in January decline

    The Volkswagen brand delivered 515,500 vehicles to customers worldwide in January, a drop of 3.4 percent compared with the same month in 2018. Positive delivery trends in Russia (+10.9 percent) and Brazil (+10.8 percent) could not offset decreases in China (-3.1 percent), Western Europe (-4.8 percent) and North America (-8.6 percent). Volkswagen Board Member for Sales Jürgen Stackmann: “As expected, we could not quite match the January 2018 record level this year. Volkswagen won market share in China in a persistently uncertain overall market, despite the decline in deliveries. The order balance is high and, as announced, we are working hard on expanding capacity for our petrol engines in order to better serve high demand during the course of the year. New models such as the T-Cross and the Passat facelift that debuted recently will be launched in the coming months and provide a tailwind.”
  • 01/11/19
    Volkswagen Group News

    New delivery record for Volkswagen Group in 2018

    With 10.83 million vehicles delivered throughout the world, 0.9 percent more than in 2017, the Volkswagen Group set an all-time record. In many markets of the world, South America, Europe, the USA and China, both the deliveries and in some cases the market shares of the Volkswagen Group grew. With successful product offensives, the Group brands were able to more than compensate for the risks in individual regions such as the general economic uncertainty in China and the adverse effects of the WLTP changeover in Europe. Especially the Group’s new SUV models were strong growth drivers. The Volkswagen Passenger Cars, Škoda, Seat, Porsche and Lamborghini brands all set new deliveries records. Dr. Christian Dahlheim, Head of Volkswagen Group Sales: “Even though setting new records is no longer our primary goal, we are very pleased about this great result. Especially in the second half, things were not easy for us in 2018. It was possible to achieve this new deliveries record for the Group thanks to a combination of outstanding products and the high level of trust placed in us by our customers. In view of volatile geopolitical developments, our business will face an equally strong headwind in 2019. In my opinion, the Volkswagen Group is well-positioned to meet the upcoming challenges. We face the future with optimism.”
  • 01/10/19
    Company

    Volkswagen sets new delivery record in 2018

    Volkswagen set a new delivery record in 2018, handing over a total of 6.24 million vehicles worldwide for the full year, 0.2 percent more than in 2017. Positive delivery trends in South America (+13.1 percent), the USA (+4.2 percent) and Europe (+3.6 percent) offset considerable economic uncertainty in China, Argentina and Mexico as well as at times severe repercussions as a result of the changeover to WLTP in Western Europe. The SUV offensive along with numerous other new products from the brand proved to be key growth drivers. Volkswagen Board Member for Sales Jürgen Stackmann: “2018 was characterized by considerable uncertainty in some regions, especially in the second half of the year. Overall, though, we were able to combat this with a strong offensive of attractive new products and to offset the adverse effects. Our strategy has paid off. The new delivery record is the result of much hard work.” Volkswagen COO Ralf Brandstätter: “2019 will be another year of enormous challenges for the brand, above all in light of growing geopolitical risks. We must do our homework. Apart from volume growth, we will in future be focusing more closely on earnings performance than we have done in the past. This is about ensuring the long-term profitability of the Volkswagen brand.”
  • 12/19/18
    Volkswagen Group News

    Volkswagen to take over telematics specialist WirelessCar from Volvo

    The Volkswagen Group is acquiring a majority stake in the Swedish telematics specialist “WirelessCar” from Volvo with a view to making further advances in fleet connectivity. The Volkswagen Group is acquiring a 75.1 percent stake in WirelessCar. Completion is expected in the first half of 2019 and is subject to approval from antitrust authorities.
  • 12/06/18
    Company

    Volkswagen heading for success with annual deliveries

    In November, Volkswagen delivered 564,500 vehicles throughout the world, five percent less than in November 2017. In Europe, the effects of WLTP became less and less pronounced. Deliveries by Volkswagen were up 1.2 percent here. Brazil continues to drive growth in South America. The market situation in China remains tense. Nevertheless, Volkswagen succeeds in boosting its market share there in a shrinking overall market. All in all, the brand faces a challenging market environment with strong headwinds in some regions. Nevertheless, Volkswagen has delivered 5.7 million passenger cars to customers throughout the world in the year to date, 1.2 percent more than in the prior-year period. Volkswagen Board Member for Sales Jürgen Stackmann: “In view of the difficult conditions we face, Volkswagen is very well-positioned with respect to deliveries. How we bring the year to a close will now depend on December. We still need 530,000 deliveries to match last year’s record. In my opinion, we could succeed and perhaps even record slightly higher deliveries.”
  • 12/06/18
    Company

    Volkswagen brand to speed up operating return

    The Volkswagen brand is to significantly improve its earnings performance in the coming years in order to finance investments in future technologies from its own resources. To this end, the model portfolio is being streamlined and the number of variants reduced. At the same time, productivity at the plants is to be increased and the platform orientation for vehicle production extended. Optimizing material costs is to contribute significantly to achieving the target return – without detracting from product substance. Administration processes will become even leaner. “We must force the pace of our transformation and become more efficient and agile. We cannot let up in our efforts and must realize further substantial improvements. What we have achieved so far is still not enough,” said Ralf Brandstätter, the brand’s Chief Operating Officer responsible for day-to-day business.
  • 11/19/18
    Volkswagen Group News

    WLTP changeover slows deliveries by Volkswagen Group in October, as expected

    As a result of the changeover to the new WLTP test procedure, the Volkswagen Group delivered fewer vehicles in October than in the prior-year month. All in all, 846,300 vehicles were handed over to customers throughout the world, a fall of 10.0 percent. In the month under review, the fall in deliveries in Europe, at 15.6% compared with the previous year, was significantly less pronounced than in September. Double-digit growth was recorded in South America, contributing to an increase of 2.6 percent to 8.98 million vehicles delivered from January to October in a stagnating overall market. Dr. Christian Dahlheim, Head of Group Sales: “As regards the WLTP changeover, we have already passed the low point in Europe. This positive devel-opment should continue in November and December as all our brands continue to make progress with the changeover of models to the new test cycle. For the year as a whole, we expect deliveries to slightly exceed the prior-year figure.“
  • 11/09/18
    Company

    Volkswagen deliveries are down in October

    At 516,900 vehicles, worldwide deliveries by the Volkswagen brand in October were 6.2 percent below the figure for October 2017. This development was mainly due to the continuing reluctance of purchasers in China as a result of the trade dispute with the USA. In Europe, as expected, deliveries continued to be affected by the WLTP changeover, although the impact was significantly less marked than in September. Strong positive impetus came from Brazil (+61.8 percent) and Russia (+23.9 percent). In the year to date, Volkswagen has handed over a total of 5.14 million vehicles to customers, a record figure for January to October. Volkswagen Brand Board Member for Sales Jürgen Stackmann: “We are making good progress with the WLTP changeover of our model range and deliveries in Europe were affected much less severely in October than in September. We expect this recovery to continue in November and December. All in all, we face a challenging market environment throughout the world. It is therefore all the more gratifying to note that our deliveries from January to October were almost two percent higher than the record figure reported by the brand for the corresponding period in 2017.“
  • 11/06/18
    Company

    Volkswagen remains on track for growth despite a challenging environment

    In the first three quarters of the current fiscal year 2018, the Volkswagen Passenger Cars brand continued to develop well in a challenging market environment. Following the first nine months of the year, the deliveries and sales revenue of the Volkswagen Group’s lead brand remain above the prior-year level. With 4.6 million vehicles handed over to customers (+2.9 percent), these were the most successful first nine months that the brand has ever experienced. Driven by higher sales and an improved product mix, the Volkswagen brand was able to boost sales revenue by 7.3 percent to €62.5 billion. At €2.3 billion, the operating profit before special items was slightly below the prior-year level (€2.5 billion) as a result of factors including the expected impact of the WLTP changeover and higher distribution expenses in connection with the environmental incentive. Operating return on sales was 3.7 percent, compared with the figure of 4.3 percent for the prior-year period. The diesel issue gave rise to special items of €-1.6 billion (2017: €-2.6 billion).
  • 10/30/18
    Volkswagen Group News

    Volkswagen confirms sales revenue and profit target

    The Volkswagen Group continued to grow during the first nine months of the fiscal year and is well on track to achieve its sales revenue and profit target. Despite the switch to the new WLTP test procedure, which resulted in the anticipated temporary third-quarter decline in unit sales particularly in Europe, the Group’s key figures for the first nine months are above the prior-year figures. Group sales revenue rose to EUR 174.6 billion, following EUR 170.1 billion in the prior-year period. Amounting to EUR 13.3 billion (previous year: 13.2 billion), operating profit before special items was on a par with the previous year, thus the operating return on sales stood at 7.6 percent. In the first nine months, the diesel issue gave rise to special items of EUR 2.4 billion (previous year: EUR 2.6 billion). Profit before tax increased by EUR 2.2 billion to EUR 12.5 billion. Net liquidity in the Automotive Divi-sion amounted to EUR 24.8 billion.
  • 10/09/18
    Company

    Volkswagen deliveries in September affected by WLTP changeover, as expected

    In September, the Volkswagen brand delivered fewer vehicles throughout the world than in the same month of the previous year: in total, 485,000 vehicles were handed over to customers, representing a fall of 18.3 percent compared with September 2017. This development was chiefly due to the effects of the WLTP changeover in Europe and especially in Germany, where deliveries were 42.6 and 47.1 percent respectively below the figures for the same month of the previous year. However, the outstanding figures reported since the beginning of the year have helped to soften the fall experienced in September. In the year to date, some 4,622,900 vehicles have been handed over to customers throughout the world. The brand therefore remains above the figure for the corresponding period of the previous year, with a rise of 2.9 percent. Volkswagen Board Member for Sales Jürgen Stackmann: “The year to date has been the most successful ever for Volkswagen. Developments in September were a setback, but we had been expecting this following the records in the summer. October will also be affected by the changeover to the WLTP test procedure. Currently, we have obtained WLTP approval for high-volume variants of all 14 Volkswagen brand models. By the end of the year, the changeover should have been virtually completed. This is why we expect a return to our old strength. From November, we will be ready for the end-of-the-year sprint in Europe.“
  • 09/12/18
    Company

    Volkswagen’s success continues in August

    The Volkswagen brand handed over 513,300 vehicles to customers worldwide in August, representing an increase of 3.7 percent compared with the same month of the previous year and a new record for the month of August. All in all, 4,137,900 vehicles were delivered from January to August, a rise of 6.2 percent compared with the corresponding period of the previous year, and a further record. Jürgen Stackmann, Volkswagen Brand Board Member for Sales, commented: “August was another strong month for the Volkswagen brand in many markets: we posted record deliveries for the month of August and for the period January-August. We will be able to deliver far fewer vehicles in Europe in September due to the changeover to the WLTP test procedure. October will also get off to a subdued start, but we are expecting a strong performance from the Volkswagen brand in November and December in particular.”
  • 08/09/18
    Company

    Volkswagen continues growth in July

    The Volkswagen brand continues on its growth path: with 505,900 vehicles delivered in July, the brand reported a rise of 8.4 percent compared with the same month of the previous year. All in all, the brand handed 3,624,600 cars over to customers from January to July, representing an increase of 6.5 percent compared with the corresponding period of the previous year. Jürgen Stackmann, Volkswagen Brand Board Member for Sales: “This was the best July in the history of the Volkswagen brand. We are continuing our upward trend and are significantly ahead of the prior-year figure after seven months. With cumulative deliveries of 3.6 million vehicles, we have outperformed the Volkswagen brand’s previous record for this period. However, the next few months will be more challenging. The changeover to the WLTP test procedure will probably lead to delays in deliveries affecting certain model lines in Europe.”
  • 08/02/18
    Company

    A strong first half for the Volkswagen brand

    Following the good start to the year, the Volkswagen brand continued its successful development in the second quarter. In the first half of the year, the brand recorded significant increases in sales revenue, operating profit and return on sales. From January to June, sales revenue reached €42.7 billion, 8 percent over the prior-year figure, largely driven by the strong rise in vehicle sales. With 3.12 million vehicles delivered, a new half-yearly record was achieved. After eliminating special items, the operating profit rose by 20 percent to €2.1 billion. The operating return on sales improved to 5.0 percent (compared with 4.5 percent in 2017). In connection with the processing of the diesel crisis, the brand recorded one-off expenses in the amount of €1.6 billion in the first half. The operating profit after special items was therefore €0.5 billion.
  • 08/01/18
    Volkswagen Group News

    Volkswagen Group records strong first half: growth in sales revenue and earnings

    The Volkswagen Group continued its profitable growth course in the first half of 2018, post-ing record figures for deliveries, sales revenue and earnings (before special items). In the period from January to June, Group sales revenue rose from EUR 115.3 billion to EUR 119.4 billion year-on-year. Operating profit before special items increased from EUR 8.9 billion to EUR 9.8 billion, however, expenditures of EUR 1.6 billion in connection with the diesel crisis were recognized in the second quarter. The operating return on sales before special items rose from 7.7 to 8.2 percent. The Group’s profit after tax for the first six months was up 2.1 percent year-on-year to EUR 6.6 billion.“ The Volkswagen Group per-formed successfully in the first half of the year, with very solid growth in sales revenue and earnings. We also delivered more vehicles than ever before,” said Dr. Herbert Diess, CEO of Volkswagen AG, commenting on the results for the first six months. “However, we cannot rest on our laurels because great challenges lie ahead of us in the coming quarters – especial-ly regarding the transition to the new WLTP test procedure. Growing protectionism also poses major challenges for the globally integrated automotive industry.”
  • 06/07/18
    Company

    Volkswagen continues growth in May

    The Volkswagen brand continues its growth: with 539,700 vehicles delivered in May, the brand recorded a rise of 5.1 percent compared with the prior-year figure for the same month. All in all, the brand delivered 2,584,700 vehicles to customers from January to May.: Jürgen Stackmann, Volkswagen Board Member for Sales: “This was the best individual month of May in the history of the Volkswagen brand. We have continued our upward trend and are significantly above the prior-year figure after five months. The product offensive, with new vehicles such as the Polo, Tiguan Allspace, Virtus and the T-Roc, has been well received by our customers. I am very pleased about this!“
  • 05/09/18
    Company

    Volkswagen records double-digit growth in April

    The Volkswagen brand has once again stepped up its growth rate. With about 520,000 vehicles delivered in April, the brand recorded an increase of 11 percent compared with the prior-year figure for the same month. All in all, the brand already delivered 2,044,900 vehicles from January to April. Jürgen Stackmann, Volkswagen Board Member for Sales, said: “The Volkswagen brand continues to step up the pace. We have already passed the 2 million vehicle mark after four months and have generated enthusiasm for Volkswagen with more customers than ever before. The sustained upward trend in our domestic market Germany, the USA and South America is particularly gratifying. It should be mentioned that the new Polo has already been delivered to 140,000 customers and that deliveries of the new T-Roc have reached 41,000 units.
  • 04/27/18
    Company

    A successful start to the year: Volkswagen brand continues upward trend

    The Volkswagen brand continues to grow. In the first quarter of 2018, there were once again increases in deliveries, sales revenue and the result. With more than 1.5 million vehicles delivered (+5.9 percent), the brand recorded the best first quarter in its history. Sales revenue grew by 5.9 percent to €20.1 billion. Compared with the strong first quarter of the previous year, the operating result improved by 1.2 percent to €879 million. Despite considerable expenditure for the ongoing model offensive, Volkswagen recorded a return on sales of 4.4 percent (previous year: 4.6 percent).
  • 04/26/18
    Volkswagen Group News

    Volkswagen Group off to a good start in 2018: Unit sales and sales revenue up again in the first quarter

    The Volkswagen Group is off to a good start for the new fiscal year. Supported by record unit sales in the first quarter, Group sales revenue rose year-on-year from EUR 56.2 to EUR 58.2 billion. Operating profit decreased from EUR 4.4 to EUR 4.2 billion – the moderate decline is due, among other things, to the negative effect resulting from a change in the reporting of the valuation of derivatives of derivatives (IFRS 9). Without this effect, the adjusted earnings were up slightly year-on-year. In the period from January to March, the operating return on sales amounted to 7.2 percent. Additional significant provisions in connection with the diesel issue were not incurred in the first quarter of 2018, in addition there were significantly lower cash outflows in respect of this matter.
  • 04/09/18
    Company

    Volkswagen sets delivery record in first quarter of 2018

    With more than 1.5 million vehicles delivered to customers in the first quarter of 2018, the Volkswagen brand recorded the best first-quarter delivery results in its history. Worldwide deliveries in March 2018 totaled 584,700, another new record and an increase of 4.9 percent compared with the prior-year figure for the same month. Jürgen Stackmann, Volkswagen Brand Board Member for Sales, said: “The Volkswagen brand’s first-quarter delivery results are very encouraging. Thank you to our customers and dealers! We achieved growth in many European markets as well as Germany. The upward trend continued in North and South America. In South America, the successful launch of the Polo and Virtus had a significant impact on the encouraging results, in North America the successful launch of the Tiguan Allspace and the Atlas. In Brazil, we recorded our best quarterly results since 2015 and won further market share.”
  • 03/14/18
    Company

    Successful financial year 2017: Volkswagen brand implements product and innovation offensive consistently

    The Volkswagen brand can look back on a successful financial year in 2017. The brand sold 6.23 million vehicles and improved sales revenue to €80 billion. For the first time in five years, the operating result before special items increased, reaching the highest level since 2012, at €3.3 billion. The return on sales (before special items) improved from 1.8 percent in 2016 to 4.1 percent. The Volkswagen brand has therefore outperformed its targets for 2017.
  • 03/06/18
    Company

    Volkswagen continues to see positive delivery trends in February

    The Volkswagen brand delivered 407,100 vehicles to customers worldwide in February 2018. Deliveries were up 5.7% on the prior-year figure for February. Jürgen Stackmann, member of the Volkswagen Brand Board of Management for Sales: "The Volkswagen brand has continued its strong deliveries performance of the past months into February. We have achieved a significant increase in many European markets, with Germany, our domestic market, seeing a particularly strong increase of 14.4%. The main drivers of this success are our new products. Similarly, China has once again made a significant contribution to this encouraging trend."
  • 02/23/18
    Models

    Volkswagen brand's first SUV cabriolet: Supervisory Board confirms cabriolet version of T-Roc

    Green light for a new cabriolet based on the T-Roc: within the framework of its major model offensive, the Volkswagen brand is launching its first convertible SUV. The new model is to be produced from the first half of 2020. At its meeting held today, the Volkswagen Group Supervisory Board confirmed the investment of more than €80 million in the Osnabrück plant which is required for this purpose. With this decision, the brand will be continuing the cabriolet success story of the Osnabrück team and safeguarding employment at the plant.
  • 02/21/18
    Company

    Volkswagen and IG Metall successfully conclude pay negotiations

    Volkswagen and IG Metall brought their negotiations on the company collective agreement to a successful conclusion in Hanover on Tuesday night. Base pay for employees covered by the collective agreement is to be increased by 4.3 percent effective May 1, 2018. In addition, employees are to receive a one-off payment of €100 for the months from February to April 2018. An additional annual payment of 27.5 percent of a month's salary from August 2019, which may be converted into six days of leave by special groups of employees, has also been introduced. From July 2019, a monthly payment of €90 is to be made to the company pension scheme; from January 2020, the figure will rise of to €98. In future, project working time arrangements are to be changed. The collective agreement has a term of 27 months.
  • 02/12/18
    Company

    Delivery record for Volkswagen brand in January

    In January 2018, the Volkswagen brand handed 533,500 vehicles over to customers throughout the world. Deliveries were therefore 7.1 percent above the figure for the corresponding month of the previous year. Jürgen Stackmann, Volkswagen brand Board Member for sales, commented: "Volkswagen Passenger Cars has started the new year with considerable momentum. I am pleased that we have recorded significant growth of 12.3% in sales in Germany and were able to continue the positive development from the last quarter. I am also impressed by our good start in our second home market of China."
  • 01/30/18
    Company

    2018 pay negotiations at Volkswagen continued

    The negotiating committees of Volkswagen AG and the IG Metall trade union have today continued their pay negotiations in Hanover. "At today's meeting, we submitted our proposals for a pay agreement to IG Metall. Our offer includes a pay increase in two stages starting with 3.5 percent from May 2018 and followed by a second stage of 2.0 percent, with a total term of 30 months. In addition, we proposed to IG Metall to significantly increase the company pension scheme," said Martin Rosik, leader of the Volkswagen committee and Head of Human Resources of the Volkswagen brand, after the meeting.
  • 01/19/18
    Company

    Volkswagen launches pre-series stage of next Golf

    Together with its suppliers, the Volkswagen brand is making intensive preparations for the next Golf generation. At the "Golf 8 Supplier Summit" held at the Volkswagen Arena, the Board Member for Procurement Ralf Brandstätter and Karlheinz Hell, Head of the Compact series group, underscored the importance of the new generation for the brand and for the Wolfsburg plant. At the same time, they also indicated to the "Golf Community" the opportunities and responsibilities resulting from sustained partnership.
  • 01/18/18
    Company

    Autostadt completes successful year in 2017 with a record number of visitors in a single month

    For the first time in Autostadt history, the Volkswagen Group communication platform attracted more than 400,000 visitors in a single month. According to Autostadt CEO Roland Clement: "The end of the year with 405,000 guests in December alone was a great success and a fantastic end to a successful year for the Autostadt." Together with Claudius Colsman, the former Porsche manager took over the Autostadt in September 2017 from Otto F. Wachs. In total, 2.22 million guests visited the theme park on the Mittelland Canal in 2017, slightly exceeding the previous year's figure of 2.2 million.
  • 01/14/18
    Company

    Volkswagen brand sets delivery record in 2017

    The Volkswagen brand handed over a total of 6.23 million vehicles to customers worldwide in 2017, making last year the most successful yet in the history of the brand. China, the largest single market, is the main driver of this positive development. More than 3 million vehicles were delivered there for the first time last year, an increase of 5.9 percent compared with 2016.
  • 01/11/18
    Company

    2018 pay negotiations at Volkswagen continued

    The negotiating committees of Volkswagen AG and the IG Metall trade union have today continued their pay negotiations in Hanover. Martin Rosik, the leader of the Volkswagen committee and Head of Human Resources of the Volkswagen brand, said after the meeting: "At today's meeting, we offered to increase pay by two percent for 12 months from May 2018. In addition, we proposed a one-off payment of €200 for the period from February to April."
  • 12/19/17
    Company

    Volkswagen extends successful environmental and future incentives in Germany

    Volkswagen has today extended its successful environmental and future incentive program in Germany up to the end of March 2018. Since the program was introduced in mid-August, incentives have already been granted for about 70,000 new cars and employees' cars up to 1 year old with a clean, efficient Euro 6 engine. The purchasers each scrapped an old diesel meeting exhaust emission standards Euro 1 to Euro 4. Furthermore, the Volkswagen brand has taken a key step forward in the transition to e-mobility. In connection with the environmental incentive, about eight percent of new car buyers opted for an electric vehicle, about four times more than was previously the case. High demand for the e-Golf has led to the introduction of a second daily shift at the Transparent Factory in Dresden.
  • 12/12/17
    Company

    Volkswagen deliveries reach all-time record in November

    The Volkswagen brand delivered more vehicles worldwide in November than ever before in a single month. The new record in November amounted to 594,300 units. In total, 5.64 million vehicles were delivered to customers worldwide from January to November. Volkswagen brand deliveries were therefore 4.0 percent up on the comparable period in 2016. Commenting on the new record, Jürgen Stackmann, Volkswagen Brand Board Member for Sales, said: "At the end of the year we are seeing positive momentum in all regions, and this is having an effect: for Volkswagen, this November is the most successful month of all time. I am particularly pleased to see that the positive sales trend in Germany over the last few months is now being confirmed by a strong delivery performance. Another positive is that more and more customers are switching to our e-models. Orders in Germany and Europe in November alone topped 3,000."
  • 12/11/17
    Company

    Start of 2017 pay negotiations at Volkswagen

    The negotiating committees of the company and the IG Metall trade union met today in Hanover for the start of pay negotiations for Volkswagen AG. The leader of the Volkswagen committee, Martin Rosik, Head of Human Resources of the Volkswagen Passenger Car brand, said: "Volkswagen faces tremendous challenges. The future of Volkswagen is at stake. Digitalization and e-mobility call for huge investments. The company needs to earn these funds. A reasonable pay settlement is therefore more important than ever before."
  • 11/17/17
    Company

    Positive interim assessment after one year of pact for the future

    The Volkswagen brand is on track for success with the pact for the future. This is the interim assessment given by the Board of Management and the General Works Council 12 months following the signature of the agreement. To date, €1.9 billion of efficiency savings have already been achieved, corresponding to 96 percent of the target set for 2017. As regards partial early retirement, Volkswagen is also on the right track, having already reached 94 percent of the target for 2020. The pact for the future lays the foundation for the Volkswagen brand's "Transform 2025+" strategy. From 2020, this strategy is to have a positive impact of €3.7 billion per year on earnings and to make the brand significantly more efficient and competitive.
  • 11/09/17
    Company

    Volkswagen continues its upward trend

    At 550,900 vehicles, worldwide deliveries by the Volkswagen brand in October 2017 were 7.7 percent higher than the previous year. In total, the Volkswagen brand has delivered 5.04 million vehicles to customers worldwide so far this year. As a result, deliveries from January to October were 3.2 percent higher than the previous year. Jürgen Stackmann, Volkswagen Brand Board Member for Sales, commented: "This has been the most successful October of all time for Volkswagen. A special boost came from the market in China, where there was an increase of some 26,000 vehicles compared with the same month last year. We are seeing positive momentum in many regions and are delighted with the continued strong demand for our vehicles."
  • 10/30/17
    Company

    Volkswagen continues on successful course

    The Volkswagen brand continued its successful business development in the third quarter of 2017. Sales revenue from January to September based on the new demarcation between the Group and the brand, which has been applied since the beginning of the year, climbed 8.3 percent compared with the previous year to €58.9 billion. In the first nine months, Volkswagen more than doubled operating profit before special items to €2.5 (1.2) billion. This was impacted by additional provisions for the buyback/retrofit program for 2.0l TDI vehicles in North America in approximately the same amount already announced by the Group and recognized in the brand's figures for the third quarter. Adjusted for this special item, the brand's operating margin improved to 4.3 (1.6) percent after nine months. In light of the good development, Volkswagen has slightly raised its forecast for 2017 as a whole. The Brand Board of Management expects the operating return on sales (before special items) to be moderately higher than the previously forecast range of 2.5 to 3.5 percent.
  • 10/06/17
    Company

    Record deliveries for the Volkswagen brand in September

    The Volkswagen brand delivered 593,700 vehicles worldwide in September 2017, an eight percent increase compared with last year. In total, 4.49 million vehicles from the brand were handed over to customers worldwide from January to September. This represents a three percent increase compared with the previous year. Jürgen Stackmann, Volkswagen Brand Board Member for Sales, commented: "September was indeed a record-breaking month for the Volkswagen brand. It was the strongest month for deliveries in the history of Volkswagen, not only worldwide, but for the individual markets of China, Canada, Chile, Poland, Sweden and Slovakia as well. There are also clear signs of an upturn in the home market of Germany; current orders are well above the previous month. The Clearly positive dynamic for the brand continues in all regions. Growth in third quarter was seven percent higher than previous year"
  • 09/11/17
    Company

    Volkswagen brand boosts deliveries in August by 9.3 percent

    In August 2017, the Volkswagen Passenger Cars brand delivered 495,200 vehicles throughout the world. Jürgen Stackmann, Volkswagen Brand Board Member for Sales, commented: "In August, the positive trend in demand for Volkswagen models continued in all sales regions – a development that was already in evidence in the second quarter. Especially growth in South and North America as well as China is increasingly dynamic. Volkswagen is also growing in Europe, with the exception of Germany."
  • 08/11/17
    Company

    Volkswagen brand deliveries rise in July

    The Volkswagen brand delivered 467,000 vehicles to customers worldwide in July 2017, an increase of four percent compared with the previous year. Jürgen Stackmann, Volkswagen Brand Board Member for Sales, commented: "The positive trend in the Volkswagen brand's deliveries continued in July. As a result, our figures for January to July are slightly higher than last year. Once again, a large share of this positive development is attributable to our SUV offensive. We intend to continue this trend during the course of the year with the upcoming model launches."
  • 08/08/17
    Company

    Volkswagen launches environmental and future program

    The Volkswagen brand today has launched an environmental program. It will make a marked contribution to the improvement of air quality in cities. In addition, Volkswagen is supporting the technological changeover to e-mobility and is shouldering its share in the responsibility for climate-compatible, health-compatible mobility on Germany's roads. Within the framework of this environmental program, Volkswagen will significantly reduce the nitrogen oxide emissions of more recent diesel vehicles (Euro 5 and 6 standards) by software update. Furthermore, Volkswagen is offering an incentive of up to €10,000 for the purchase of modern, environmentally compatible vehicles– if an older diesel vehicle (Euro 1 to Euro 4 standards) is scrapped at the same time. In addition, Volkswagen is offering a future incentive to customers purchasing an electric vehicle.
  • 07/28/17
    Company

    Successful business development at Volkswagen 

    The Volkswagen brand has continued its good start to the year in the second quarter and maintained its positive business development. Both sales revenue and operating profit rose in the first half of 2017. In the year to June, with the new demarcation between Group and brand which has applied since the beginning of the year, sales revenue rose by about 8 percent compared with the prior-year period to €39.9 billion. On a comparable basis, operating profit was doubled, reaching €1.8 (0.9) billion in the first half of the year. Following the positive performance of the brand in the first six months, Volkswagen has confirmed its return forecast for the year as a whole. The Board of Management of the Volkswagen brand expects operating return on sales to be at the upper end of the range from 2.5 to 3.5%.
  • 07/27/17
    Volkswagen Group News

    Volkswagen Group: Solid six months paves way for future

    The Volkswagen Group remains in robust shape: The first six months of the current fiscal year have delivered a solid set of results, accompanied by further progress in implementing the future program "TOGETHER – Strategy 2025". Between the beginning of January and the end of June, Group sales revenue rose by 7.3 percent to EUR 115.9 billion. During that period, operating profit increased to EUR 8.9 billion (from 7.5 in the previous year) and operating return on sales grew to 7.7 percent (from the prior-year 7.0 percent). All prior-year figures exclude the special items at that time. For Frank Witter, Member of the Board of Management, responsible for Finance and Controlling, the result of the first six months was a "good team performance" in the face of persistently difficult conditions. "The results were boosted by growth in unit sales. Increases in the first half-year were seen primarily in Europe, but also in North and South America, which is particularly encouraging. The successful placement of a hybrid bond also had a positive effect on net liquidity in the Automotive Division and underlined the confidence investors place in our strategy. I am firmly convinced that our financial footing is adequate to cope with the transformation in the automotive industry and topics of the future."
  • 07/10/17
    Company

    Volkswagen brand deliveries rise in June

    The Volkswagen brand delivered 512,700 vehicles to customers worldwide in June 2017, an increase of 4.0 percent compared with the previous year. In total, 2,935,100 vehicles from the Volkswagen brand were handed over to customers worldwide in the first half of the year, representing a slight increase of 0.3 percent on the prior-year figure. Jürgen Stackmann, Volkswagen Brand Board Member for Sales, commented: "The Volkswagen brand saw worldwide deliveries increase in June as well as overall for the first half of the year, and recorded strong growth in China and other key regions. There was a robust increase in the South America region even though further products will only be launched towards the end of the year. In the USA, the Atlas got off to a successful start in the first two months of sales and helped the brand outpace market growth. The Tiguan is an important global catalyst and will be also launched on the North American market in the second half of the year. Other new models such as the Polo, Arteon and Tiguan Allspace give us further grounds for optimism as regards the second half of the year."
  • 06/09/17
    Company

    Volkswagen brand deliveries rise in May

    The Volkswagen brand delivered 513,500 vehicles to customers worldwide in May, an increase of 3.5 percent compared with the corresponding month of the previous year. Jürgen Stackmann, Volkswagen Brand Board Member for Sales, commented: "May was a successful month for the Volkswagen brand. Our deliveries grew in almost all key markets. As a result, our overall delivery figures for the period January to May are at last year's level. We continued our SUV offensive with the successful launch of the Atlas, thus making our debut in an important segment in the USA. Further new models will reinforce this positive momentum in the coming months. The Volkswagen brand's competitive position will continue to improve."
  • 05/09/17
    Company

    Volkswagen brand deliveries in April slightly below previous year's level

    In April 2017, the Volkswagen Passenger Cars brand delivered 468,000 vehicles throughout the world, corresponding to a slight fall of 1.8 percent compared with the corresponding month of the previous year. Jürgen Stackmann, Volkswagen Brand Board Member for Sales, commented: "Volkswagen brand deliveries in April were slightly below the figure for the previous year, as were overall market delivery figures for Europe and the USA. The main reason was the loss of two working days in April this year as a result of the later date of Easter compared with 2016. Another reason was the scheduled model replacement of the Golf family in Western Europe. On the other hand, we continued our upward trend in China and successfully launched the Teramont, our new large SUV. The Tiguan also continues to be very successful. Since its market launch, it has already been ordered by more than 355,000 customers."
  • 05/05/17
    Company

    Volkswagen makes rapid progress with realignment

    The Volkswagen brand is making rapid progress with the implementation of its strategy "Transform 2025+" presented last November and with strengthening the profitability of its business operations. During the current year, the brand Board of Management not only expects further significant progress in all key strategic action areas but also substantial improvements in the key financial indicators following a strong first quarter. At the annual session of the Volkswagen brand held in Wolfsburg, Brand CEO Dr. Herbert Diess stated: "2016 was a pivotal year for the Volkswagen brand. It was a year of transformation. And a year that marked the start of a new phase for our company. We devoted immense energy to the diesel crisis. We initiated the transformation in business operations. And, we laid the groundwork for the strategic realignment of the brand. Our mission is clear: We want to make the Volkswagen brand competitive for the future. By 2025, we aim to play a leading role in the continuously changing automotive industry."
  • 05/03/17
    Volkswagen Group News

    Volkswagen Group starts fiscal year 2017 on a strong footing

    In the first three months of the current fiscal year, the Volkswagen Group started on a strong footing in a challenging market and competitive environment. Group sales revenue rose by 10.3 percent year-on-year to EUR 56.2 billion. At EUR 4.4 billion, operating profit in the first quarter also significantly exceeded expectations. This corresponds to an operating return on sales of 7.8 percent following 6.1 percent in the prior-year quarter (all comparative prior-year figures are before special items). The robust results were due to volume- and mix-related factors, positive exchange rate effects and product cost optimization, as well as particularly the improvement in the Volkswagen brand's earnings, which rose to around EUR 0.9 billion. Other Group brands also contributed to the very good quarterly results.
  • 04/12/17
    Company

    Volkswagen brand deliveries rise in March

    The Volkswagen Passenger Cars brand delivered 557,400 vehicles worldwide in March, an increase of 2.5 percent compared with March of the previous year. Significant growth in Central and Eastern Europe was achieved (+17.3 percent). The recovery in South America continued (+19.1 percent). The Volkswagen brand recorded an upward trend in China, its core market (+3.6 percent). The new Tiguan L enjoyed a successful launch there.
  • 03/16/17
    Company

    Volkswagen brand deliveries in February at previous year's level

    In February 2017, the Volkswagen brand handed over 384,100 vehicles to customers throughout the world, corresponding to a fall of 2.6 percent compared with the previous year. Jürgen Stackmann, Volkswagen Brand Board Member for Sales, commented: "Worldwide deliveries by the Volkswagen brand reached almost the same level as last year. We achieved gratifying growth in the Americas, while certain European markets were affected by the model changeover in the Golf family, as expected. In our home market of Germany, the extension of leasing terms for employees also had a significant impact. Over the next few months, we expect that the large number of new models such as the Arteon and the new Polo will have a positive impact in Europe too."
  • 02/17/17
    Company

    Volkswagen brand starts new year with half a million vehicles delivered

    In January 2017, the Volkswagen brand handed over 495,900 vehicles to customers throughout the world, corresponding to a fall of 4.9% compared with the previous year. Jürgen Stackmann, Volkswagen Brand Board Member for Sales, commented: "The Volkswagen brand started 2017 successfully. Worldwide deliveries may be slightly below the value for the previous year, but this is solely due to special effects in the major market of China. All the other reported gratifying increases compared with the previous year."
  • 01/09/17
    Company

    Volkswagen brand finishes 2016 on generally positive note as full-year deliveries rise to 5.99 million vehicles

    The Volkswagen Passenger Cars brand finished 2016 with full-year vehicle deliveries 2.8 percent up on the figure for 2015. 5.99 million vehicles were delivered to customers worldwide, some 164,000 more than in 2015. Deliveries grew by 16.4 percent in December, when a total of 567,900 vehicles were handed over to customers. Jürgen Stackmann, Volkswagen Brand Board Member for Sales, commented: "The Volkswagen brand ended 2016 on a successful note. Almost 6 million customers chose our brand – and remained loyal to us in challenging times. These encouraging results at the close of 2016 give us confidence for 2017 – a year in which there will be several important product premieres in all regions."
  • 11/22/16
    Company

    TRANSFORM 2025+ Volkswagen presents its strategy for the next decade

    Volkswagen is comprehensively repositioning itself. The Board of Management of the Volkswagen brand has decided on the TRANSFORM 2025+ program which will set the course for the brand over the next decade and beyond. The new strategy focuses on clearer brand positioning across the various regions and segments, backed by significant improvements in efficiency and productivity. At the same time, the brand will be making massive investments in e-mobility and connectivity. Enthusiastic customers, earnings power ensuring a secure future, sustainable mobility and a new team culture will lay the foundation for the Volkswagen brand's journey to the future. The new vision which is valid throughout the world is: "Volkswagen: Moving People Forward".
  • 11/18/16
    Company

    Volkswagen concludes pact for greater economic viability and a more secure future

    The Board of Management and General Works Council of Volkswagen have signed a pact for the future in Wolfsburg following constructive negotiations. This pact will initiate the return of the Volkswagen brand to a path of profitable growth. The program for the German plants with about 120,000 employees is to significantly improve the competitiveness of the Volkswagen brand and to make the company fit for the future. It will lay the foundation for the transformation of Volkswagen from a pure automaker into a successful mobility service provider in the age of digitalization and increasing e-mobility. The main focus is on reorientation across the entire value stream. By 2020, the Volkswagen brand intends to be completely repositioned. Compulsory redundancies are to be excluded and the workforce is to be reduced in a socially compatible way. At the same time, new jobs are to be created in future-oriented areas. Specifically, the pact for the future is to have a positive impact on earnings of €3.7 billion per year by 2020. Of this figure, the German facilities will account for €3.0 billion. Over the next few years, investments of about €3.5 billion in future-oriented areas of these facilities are planned. This will result in the creation of 9,000 jobs. On the other hand, there is to be a loss of up to 23,000 jobs in conventional areas in Germany, which will be accomplished in a socially compatible way.
  • 11/04/16
    Technology

    Volkswagen receives go-ahead from the Federal Motor Transport Authority for the modification of models with the 1.6-litre EA 189 TDI engine

    The technical solutions for 2.6 vehicles with EA 189 1.6-litre TDI engines have been approved by the Federal Motor Transport Authority (KBA). Implementation can therefore soon begin on the first of the vehicles of the third and final engine size. The vehicle keepers will be notified in succession over the coming weeks. All affected customers can then book their vehicle in for the modification at an authorised workshop at a time of their choosing.
  • 10/14/16
    Company

    Volkswagen brand reports rise in worldwide deliveries from January to September

    The Volkswagen Passenger Cars brand delivered 547,700 vehicles worldwide in September, 6.7 percent more than the previous year. A total of 4,374,900 vehicles were handed over to customers from January to September. As a result, cumulative deliveries by the Volkswagen brand exceeded the previous year's level for the first time (+0.6 percent). Jürgen Stackmann, Volkswagen Brand Board Member for Sales, commented: "Thanks to the strong performance in China, deliveries by Volkswagen in September were noticeably higher than the previous year. Consequently, our deliveries for the period from January to September exceeded the 2015 level."
  • 07/28/16
    Company

    Volkswagen Group presents healthy results for the first half-year

    The Volkswagen Group finished the first half of the current fiscal year in a much better position than anticipated. Operating profit before special items came to EUR 7.5 billion in the six-month period (previous year: EUR 7.0 billion). The Volkswagen Group therefore turned in a strong performance in the first half of 2016. However, negative special items in this period reduced the operating profit by EUR 2.2 (0.2) billion, mainly due to legal risks resulting from the diesel issue, for which additional provisions amounting to EUR 1.6 billion were recognized in the first six months of the year. As a consequence, the Group's operating profit after special items decreased to EUR 5.3 billion. The operating return on sales in the Group declined to 4.9 (6.3) percent; before special items it was 7.0 (6.4) percent. At EUR 107.9 (108.8) billion, the Group's sales revenue in the first six months fell slightly short of the prior-year figure.
  • 07/27/16
    Company

    Volkswagen brand delivers 2.93 million vehicles worldwide in first half of 2016

    The Volkswagen Passenger Cars brand delivered 2.93 million vehicles to customers worldwide in the first six months of 2016, almost matching the prior-year level (2.95 million vehicles). At 492,800 units, deliveries in June were up on the comparable month last year. Jürgen Stackmann, Volkswagen Brand Board Member for Sales, commented: "The Volkswagen brand recorded an increase of 4.7 percent in June despite challenging conditions on key markets. In particular the stable performance in Europe and a strong result in China contributed to this positive achievement. The outstanding response to the new Tiguan provides further momentum for the second half of the year."
  • 07/26/16
    Technology

    Volkswagen announces preliminary approval of 2.0L TDI settlement program in the United States

    Volkswagen AG announced today that Judge Charles R. Breyer of the United States District Court for the Northern District of California has granted preliminary approval of the settlement agreement reached on June 28 with private plaintiffs represented by the Plaintiffs' Steering Committee (PSC) to resolve civil claims regarding eligible Volkswagen and Audi 2.0L TDI vehicles in the United States.
  • 06/28/16
    Technology

    Volkswagen Reaches Settlement Agreements with U.S. Federal Regulators, Private Plaintiffs and 44 U.S. States on TDI Diesel Engine Vehicles

    Volkswagen AG announced today that it has reached settlement agreements with the United States Department of Justice (DOJ) and the State of California; the U.S. Federal Trade Commission (FTC); and private plaintiffs represented by the Plaintiffs' Steering Committee (PSC) to resolve civil claims regarding eligible Volkswagen and Audi 2.0L TDI diesel engine vehicles in the United States. Of approximately 499,000 2.0L TDL vehicles that were produced for sale in the United States, approximately 460,000 Volkswagen and 15,000 Audi vehicles are currently in use and eligible for buybacks and lease terminations or emissions modifications, if approved by regulators. Volkswagen will establish a maximum funding pool for the 2.0L TDI settlement program of $10.033 billion. That amount assumes 100% participation and that 100% of eligible customers choose a buyback or lease termination.
  • 06/16/16
    Company

    New Group strategy adopted: Volkswagen Group to become a world-leading provider of sustainable mobility

    The Volkswagen Group is laying the foundations for lasting success in tomorrow's world of mobility and its evolution into a world-leading provider of sustainable mobility. In order to achieve these goals, the Board of Management – with the approval of the Supervisory Board – has adopted a future program, "TOGETHER – Strategy 2025". By doing so, it has also launched the biggest change process in the Volkswagen Group's history. The new Group strategy comprises a raft of far-reaching strategic decisions and specific initiatives essentially aimed at safeguarding its long-term future and generating profitable growth. This is to be achieved by comprehensively transforming the core automotive business, rapidly establishing a new mobility solutions business, significantly increasing efficiency as well as strengthening innovation power and entrepreneurial mindset and approach in the Company.
  • 06/01/16
    Company

    Launch of strategic partnership in Berlin: Volkswagen Group and ride hailing provider Gett plan to expand on-demand mobility solutions and activities in Europe

    Today the Volkswagen Group and on-demand mobility provider Gett laid the cornerstone for their strategic partnership at a kick-off event at the DRIVE Volkswagen Group Forum, Berlin. For the Volkswagen Group, this marked the first substantial step in the transition from car making to structuring and providing integrated, sustainable mobility.
  • 05/31/16
    Volkswagen Group News

    Volkswagen Group reports a solid opening quarter to 2016

    In the first quarter of the current fiscal year, the Volkswagen Group delivered a solid performance in a challenging market and competitive environment. Despite positive mix effects and an increased contribution by the Financial Services Division, Group sales revenue was down 3.4 percent on the strong prior-year figure, at EUR 51.0 billion. This slight decline is primarily attributable to the fall in vehicle unit sales and negative exchange rate effects. Operating profit climbed to EUR 3.4 (3.3) billion, with the reported figure equating to an operating return on sales of 6.8 percent. First quarter operating profit contained overall positive special items of EUR 0.3 billion, due among other things to currency-related adjustments to the provisions recognized in connection with the diesel issue. Excluding these positive special items, operating profit would have decreased slightly to EUR 3.1 billion. The operating return on sales before special items thus declined to 6.1 (6.3) percent.
  • 05/30/16
    Company

    MAN Truck & Bus participates in logistics startup FR8 Revolution Inc.

    MAN Truck & Bus AG invests up to $8.5 million in the U.S. company FR8 Revolution Inc. ("Fr-eight"). The startup based in Silicon Valley in the U.S. has developed a comprehensive "operating system" for a connected transportation industry that will be launched in the second quarter of 2016. The IT platform will provide shippers, carriers, and truck drivers with a uniform and transparent platform for planning cargoes based on real-time data.
  • 05/24/16
    Company

    Volkswagen Group announces a strategic partnership with on-demand mobility provider Gett

    The Volkswagen Group opens the way for new mobility concepts with a significant USD 300 million stake in Gett. On the map with over 60 cities worldwide, Gett is one of the fastest growing ride hailing providers in the mobility-on-demand area. Based on a joint strategy, according on-demand mobility services will be further expanded.
  • 05/11/16
    Company

    Volkswagen proposes resolutions ratifying the actions of all members of the Board of Management and of the Supervisory Board at the Annual General Meeting

    The Supervisory Board of Volkswagen AG has recommended to Volkswagen's 2016 Annual General Meeting that the actions of the serving members of the Board of Management in fiscal year 2015 be ratified. Based on its own review, the Board of Management has reached a corresponding decision. This is stated in the invitation to the 56th Annual General Meeting in Hanover on June 22, 2016, which will be published on May 12. The Supervisory Board points out that the proposed ratification by the Annual General Meeting does not imply any waiver of possible compensation claims.
  • 04/22/16
    Company

    Significant reduction in variable Board of Management remuneration

    In the light of the current overall situation of the Volkswagen Group, the Supervisory Board and the Board of Management of Volkswagen Aktiengesellschaft have agreed on a reduction in variable Board of Management remuneration for the 2015 fiscal year.
  • 04/22/16
    Company

    Statement by Volkswagen AG regarding the status of the comprehensive investigation in connection with the diesel matter

    At the end of September 2015, the Supervisory Board of Volkswagen Aktiengesellschaft assigned law firm Jones Day with a comprehensive investigation in connection with the diesel matter. This investigation is already far advanced and is being pursued intensely. For this purpose, approximately 65 million documents were submitted for electronic review, of which more than 10 million were forwarded for review by Volkswagen's lawyers. Around 450 interviews have also been conducted about the diesel matter; dozens of additional interviews are planned. Based on the current assessment, Jones Day expects the investigation to conclude in the fourth quarter of 2016. After a thorough examination of the legal situation, the Supervisory Board and the Management Board of Volkswagen have nevertheless had to recognize that a disclosure of interim results of the investigation at this point in time would present unacceptable risks for Volkswagen and, therefore, cannot take place now. This decision is based on the assessment of the U.S. law firms retained by Volkswagen (Sullivan & Cromwell and Jones Day), which have both strongly advised against such a disclosure independently of each other.
  • 04/22/16
    Company

    Volkswagen Reports Robust Operations in Fiscal Year 2015 – Special Items Impact on Result for the Year

    The Volkswagen Group's operations developed very robustly in fiscal year 2015 in spite of the emissions issue. Consolidated sales revenue rose by 5.4 percent to EUR 213.3 billion on the back of improvements in the mix in the automotive business and the strong performance of the Financial Services Division, alongside positive exchange rate effects. The solid development of sales revenue is not reflected in the relevant earnings figures: the operating result, which had amounted to EUR 12.7 billion in 2014, stood at EUR –4.1 billion in 2015. This figure includes negative special items totaling EUR 16.9 billion. At EUR 12.8 billion, the operating profit before extraordinary charges was slightly higher than the prior-year figure.
  • 04/21/16
    Company

    Volkswagen has reached an agreement in principle with the US authorities

    In connection with the diesel issue, Volkswagen AG confirms that an agreement in principle with the Department of Justice (Environmental Division), the Environment Protection Agency (EPA), and the California Air Resources Board (CARB), with the full involvement of the Federal Trade Commission (FTC), has been reached in the United States. This agreement in principle will be incorporated into binding consent decrees by the Department of Justice and the FTC in the coming weeks.
  • 04/18/16
    Company

    Volkswagen Truck & Bus increases sales in first quarter

    Volkswagen Truck & Bus has sold around 42,000 trucks and buses in the first three months of 2016, up 6% on the prior-year level.
  • 04/14/16
    Company

    Volkswagen Group announces date for the presentation of its financial statements for the first quarter of 2016

    Subsequent to postponing the presentation of its annual financial statements, Volkswagen Aktiengesellschaft will make an exception to its quarterly publication schedule and present its financial statements for the first quarter of 2016 on 31 May 2016 and not, as usual, in April.
  • 04/13/16
    Company

    Press release of Volkswagen AG

    Volkswagen AG informs on Wednesday:
  • 04/11/16
    Company

    Volkswagen Group Board of Management and Works Council agree on joint framework agreement for future direction

    The CEO of Volkswagen AG, Matthias Müller, and the Volkswagen General Works Council Chairman, Bernd Osterloh, reached agreement on the next concrete steps in the Volkswagen 2025 initiative today (Monday). There is a consensus that the negotiations called for last week by employee representatives are to include in particular measures to safeguard locations under Planning Round 65 alongside a strategy 2025 for the Volkswagen brand to be drafted together with the Volkswagen brand Board of Management under the leadership of Dr. Herbert Diess.
  • 03/21/16
    Company

    Volkswagen and Fleet Investments B.V. close the sale of LeasePlan

    Volkswagen Aktiengesellschaft and the Dutch company Fleet Investments B.V. achieved closing on the sale of the world's leading leasing and fleet management company LeasePlan Corporation N.V. to a consortium of investors. The total value of the transaction amounts to about EUR 3.7 billion. The transaction will have a positive impact on the net liquidity position of the Automotive Division of Volkswagen.
  • 02/05/16
    Company

    Volkswagen delays the reporting of the Annual Results and the Annual General Meeting

    Volkswagen Aktiengesellschaft will set a new date for the publication of the annual accounts for fiscal year 2015 due to remaining open questions and the resulting valuation calculations relating to the diesel emissions issue. Consequently, new dates for the Annual Press Conference (previously planned for March 10, 2016) as well as the Annual General Meeting of shareholders, (previously planned for April 21, 2016) will be announced as soon as possible.

Press kits

Stories

06/05/19
Company

Four billion euro for digitalization

Volkswagen presents the “digital transformation roadmap”: 2,000 digital jobs are to be created, agile working methods improved, and IT processes should relieve employees even more in the future.
01/12/18
Technology

Full speed ahead

05/08/17
Company

How the Brand is faring

05/04/17
Company

Premiere at the Markenhochhaus

The Volkswagen Brand is holding an annual press conference of its very own for the very first time. More than 100 journalists from all over the world are expected to be in attendance in Wolfsburg this Friday.