The Volkswagen Group again reported record vehicle sales, sales revenue and earnings in 2011 and is confident about its prospects for 2012. “The Volkswagen Group has extended its string of unbroken successes in 2011. We are making steady progress on our way to pole position in the automotive industry”, said Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, on Monday during the presentation of the Company’s 2011 financial results. Continue reading ‘Volkswagen Group Presents Record Results For 2011′
Archive for the 'Volkswagen Group' Category
The Volkswagen Group with its Volkswagen, Audi, SEAT and Skoda passenger car brands again grew deliveries in the key accounts business in the first half of 2011. A total of 91,712 vehicles (previous year: 77,122) from Group brands were registered on the relevant fleet market (fleets of ten cars or more), representing an increase of 19 percent.
The Volkswagen brand remains at the top of the German passenger cars brand ranking with 56,329 registrations, an increase of 22 percent. The SEAT brand is particularly successful, with registrations growing 96.5 percent to 2,108 units, while the Skoda brand grew 31.4 percent in the first half year with registrations running at 9,050 vehicles. That makes Skoda the best import brand on the German market.
The model ranking also reflects the Group’s marked success. Volkswagen takes first and second place with the Passat and the Golf. Audi ranks third with the A4.
In the fleet market for light commercial vehicles (maximum 6.0 metric tons), where data are recorded separately, the Volkswagen Commercial Vehicles brand consolidated its clear market leadership during the first half of 2011 with 13,126 vehicle registrations (previous year: 12,979).
“These results show that our customers have confidence in the Group’s first-class product quality and innovative technology. This gives us an incentive to continue meeting our customers’ wishes during the second half of the year with competitive cars and services,” Martin Jahn, Head of Volkswagen Group Fleet International, commented.
- Volkswagen AG
As planned, the Volkswagen Group can build two further automobile plants in China, continuing its long-term growth strategy in the world’s largest market for passenger cars. During the German-Chinese government consultations in Berlin, final approval was granted today for the plants to be built at Foshan and Yizheng. Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, today signed appropriate declarations together with the Presidents of the Chinese partner organizations. Continue reading ‘Volkswagen given the green light for two plants in China’
The Volkswagen Group scooped up three first places in the “Fleet News Awards 2011” presented by the British trade journal “Fleet News”. The Volkswagen Polo and Golf models and the Skoda Superb took pole position in their respective segments. Continue reading ‘Volkswagen Group wins fleet awards’
Volkswagen AG (VOW) will boost production and add models in Brazil to challenge Fiat SpA (F) for the leading position in the country’s rapidly growing auto market.
“Competition in Brazil is intense and we expect it will become even more intense in the future,” Thomas Schmall, head of VW’s Brazilian operations, said in an interview. “We want to further expand our position.” Continue reading ‘Volkswagen Battles Fiat for Supremacy in Rapidly Growing Brazil’
Following the severe earthquake and the devastating tsunami in Japan, Volkswagen is to make significant donations to support the people of Japan. This was stated by Dr. Horst Neumann, Member of the Board of Management of Volkswagen Aktiengesellschaft for Human Resources, in Wolfsburg today. Group brands Volkswagen and Audi are each to donate a million euros for humanitarian aid via organizations such as the German Red Cross. Neumann underlined: “There is tremendous willingness within the Volkswagen Group to help the population of Japan, which has been affected so dramatically, especially in the North-East of the country. Every day, we receive emails from employees expressing great sympathy and a determination to assist people in Japan.” Continue reading ‘Volkswagen determined to help people in Japan’
The DSG is a global success story: 3.4 million units of the automatic gearbox have been produced at the Kassel Plant alone – for such brands as Audi, Seat, Skoda, Volkswagen Commercial Vehicles and Volkswagen. An additional 150,000 units were produced in Dalian (China). Continue reading ‘Over 3.5 million DSG units already sold Group-wide’
Volkswagen is basking in the glory of record sales and profits, but it’s not all good news. The group’s Bentley, Seat and Lamborghini brands still continue to record poor performances.
At its annual investors conference today, VW said 2010 was ” the most successful year” in its history with 7.2 million unit sales and an operating profit of 7.1 billion euros. Continue reading ‘Bentley, Lamborghini and SEAT are a drag on Volkswagen Group’