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Annual Media Conference Volkswagen brand 2018

Press releases

  • 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.
  • 03/14/18
    Company

    Volkswagen Annual Media Conference 2018

    Speeches and charts
  • 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.
  • 01/26/16
    Company

    Volkswagen Truck & Bus defends its Brazilian market leadership

    In fiscal 2015, Volkswagen Truck & Bus maintained its Brazilian market leadership in spite of the difficult market environment. The MAN Latin America subsidiary has maintained its leadership in new commercial vehicle registration statistics for the 13th consecutive year. According to the automotive industry association Anfavea, new registrations of Volkswagen and MAN brands amounted to 19,543 trucks. In the bus business, MAN Latin America ranked second with 3,659 bus chassis. In the past fiscal year, Scania accounted for 5,224 trucks and 391 buses in Brazil; however, the Swedish commercial vehicle brand is only represented in the market with models weighing over 16 tons.
  • 01/10/16
    Company

    Matthias Müller: "The USA is and remains a core market for the Volkswagen Group."

    The Volkswagen Group is firmly standing by its commitment and investment plans in the US. "The US is and remains a core market for the Volkswagen Group," CEO Matthias Müller affirmed at a press conference in Detroit on Sunday. On the eve of the North American International Motor Show which takes place there, Müller also expressed his regret about the events relating to the emissions issue. "We know we deeply disappointed our customers, the responsible government bodies, and the general public here in the US. I apologize for what went wrong at Volkswagen," Müller said, and promised: "We are totally committed to making things right."
  • 01/08/16
    Company

    Full year 2015: Volkswagen Passenger Cars brand delivers 5.82 million vehicles

    Volkswagen Passenger Cars delivered 5.82 million vehicles to customers worldwide in the full year 2015. "The Volkswagen brand did a good job last year in the face of challenging conditions. Regional performance varied quite considerably due to market factors. Above all Europe, together with China, remain important pillars for sales," explained Jürgen Stackmann, Member of the Board of Management of the Volkswagen Passenger Cars brand responsible for Sales, Marketing and After-Sales, and added: "In 2016, we will continue to focus on winning back customers' trust because customer satisfaction is and will remain one of our most valuable assets. At the same time we are optimizing our global selling power and stepping on the gas with new models." He said the new Touran was in the middle of the market launch phase, the new Tiguan was lined up and ready to go. With the Beetle Dune and the GTI Club Sport, the brand was launching two really fun-to-drive models. Stackmann continued: "All Volkswagen employees are highly motivated and are working on shaping the future of this great automobile brand and continuing to build outstanding cars."

Stories

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.