4 Información General Grupo VW - 2015

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progress
FA C T S A N D F I G U R E S
Navigator
2015
FA C T S A N D F I G U R E S
Navigator
2015
The Navigator 2015

web-application is available
for tablets and PC's:
navigator.volkswagenag.com
TA B L E O F C O N T E N T S
The Volkswagen Group
Board of Management of Volkswagen AG
Supervisory Board
Key Figures
Five-Year Review
Volkswagen Share Key Figures
Production Sites

Germany

Europe

North/South America

South America/South Africa

Asia/Pacific
Group Production Sites
Deliveries of Vehicles to Customers
Environment and Transport
Developments in Workforce
Employees in Technical Development
Procurement Volumes by Brand and Company
Organizational Charts

Volkswagen Passenger Cars

Audi

SEAT

KODA

Bentley

Bugatti

Lamborghini

Porsche

Ducati

Volkswagen Commercial Vehicles

Scania

MAN SE

Volkswagen Financial Services AG
Historical Notes
The Model Range of the Volkswagen Group


Audi

SEAT

KODA

Bentley

Bugatti

Lamborghini

Porsche

Ducati


Scania

MAN

MAN Latin America
Other Business Fields
3
4
6
7
8
10
12
14
14
18
24
25
26
30
34
36
38
42
44
45
45
46
47
48
49
50
51
52
53
54
55
56
57
58
88
90
97
104
108
113
115
115
116
120
123
130
131
133
134
T H E VO L K SWA G E N G R O U P
The Volkswagen Group with its headquarters in Wolfsburg is

one of the worlds leading automobile manufacturers and the
largest carmaker in Europe. In 2014, the Group increased the
number of vehicles delivered to customers to 10.137 million
(2013: 9.731 million). The share of the world passenger car
market amounts to 12.9 percent.
In Western Europe, more than one in four new cars (25.1 per
cent) is made by the Volkswagen Group. Group sales revenue
in 2014 totaled 202 billion (2013: 197 billion), while profit
after tax amounted to 11.1 billion (2013: 9.1 billion).
The Group comprises twelve brands from seven European
countries: Volkswagen Passenger Cars, Audi, SEAT, KODA,
Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen
Commercial Vehicles, Scania and MAN.
Each brand has its own character and operates as an in
dependent entity on the market. The product spectrum ranges
from motorcycles to low-consumption small cars and luxury
vehicles. In the commercial vehicle sector, the products in
clude ranges from pick-ups, buses and heavy trucks.
w w w.v o l k s w a g e n a g . c o m
The Volkswagen Group is also active in other fields of business,

manufacturing large-bore diesel engines for marine and
stationary applications (turnkey power plants), turbochargers,
turbomachinery (steam and gas turbines), compressors and
chemical reactors. It also produces vehicle transmissions,
special gear units for wind turbines, slide bearings and
couplings as well as testing systems for the mobility sector.
In addition, the Volkswagen Group offers a wide range of
financial services, including dealer and customer financing,
leasing, banking and insurance activities, and fleet manage
ment.
The Group operates 118 production plants in 20 European
countries and a further 11 countries in the Americas, Asia
and Africa. Every weekday, 592,586 employees worldwide
produce nearly 41,000 vehicles, and work in vehicle-related
services or other fields of business. The Volkswagen Group
sells its vehicles in 153 countries.
The Groups goal is to offer attractive, safe and environ
mentally sound vehicles which can compete in an increasingly
tough market and set world standards in their respective class.
December 31, 2014
B OA R D O F M A N A G E M E N T O F VO L K SWA G E N A G

Board of Management of Volkswagen Aktiengesellschaft
Prof. Dr. Dr. h.c. mult. Martin Winterkorn

Chairman, Research and Development
Dr. rer. pol. h.c. Francisco Javier Garcia Sanz

Procurement
Prof. Dr. rer. pol. Dr.-Ing. E. h. Jochem Heizmann

China
Christian Klingler

Sales and Marketing
Matthias Mller

N.N.

Chairman of the Board of Management of

Dr. Ing. h.c. F. Porsche AG
Production
Prof. Dr. rer. pol. Horst Neumann

Human Resources and Organization
Hans Dieter Ptsch

Finance and Controlling
Andreas Renschler

Commercial Vehicles
Prof. Rupert Stadler

Chairman of the Board of Management of AUDI AG
March 1, 2015
SU PERVISORY BOAR D
w w w.v o l k s w a g e n a g . c o m / i r
Hon.-Prof. Dr. techn. h.c.

Dipl.-Ing. ETH Ferdinand K. Pich
(Chairman)
Berthold Huber
(Deputy Chairman)
IG Metall
Dr. Hussain Ali Al-Abdulla

Board Member of Qatar
Investment Authority
and Board Member of
Qatar Holding LLC
Ahmad Al-Sayed
Minister of State, Qatar
Jrgen Dorn
Chairman of the Works Council at
the MAN Truck & Bus AG Munich
plant, Chairman of the General
Works Council of MAN Truck & Bus
AG and Chairman of the Group
Works Council and the SE Works
Council of MAN SE
Annika Falkengren
President and Group Chief
Executive of Skandinaviska
Enskilda Banken AB
Dr. jur. Hans-Peter Fischer
Chairman of the Board of
Management of Volkswagen
Management Association
Uwe Fritsch
Chairman of the Works Council
at the Volkswagen AG Brunswick
plant
Babette Frhlich
IG Metall, Department head for
coordination of Executive Board
duties and planning
Olaf Lies
Minister of Economic Affairs, Labor
and Transport for the Federal State
of Lower Saxony
Hartmut Meine
Director of the Lower Saxony and
Saxony-Anhalt Regional Office of
IG Metall
Peter Mosch
Chairman of the General Works
Council of AUDI AG
Bernd Osterloh
Chairman of the General and
Group Works Councils of
Volkswagen AG
Dr. jur. Hans Michel Pich
Lawyer in private practice
Ursula Pich
Supervisory Board Member
of AUDI AG
Dr. jur. Ferdinand Oliver Porsche
Member of the Board of
Management of Familie Porsche
AG Beteiligungsgesellschaft
Dr. rer. comm. Wolfgang Porsche
Chairman of the Supervisory Board
of Porsche Automobil Holding SE,
of Dr. Ing. h.c. F. Porsche AG
Stephan Weil
Minister-President of the Federal
State of Lower Saxony
Stephan Wolf
Deputy Chairman of the General
and Group Works Councils of
Volkswagen AG
Thomas Zwiebler
Chairman of the Works Council of
December 31, 2014
KEY FIGURES
VO L K SWA G E N G R O U P
Volume Data 1
2014
2013
Vehicle sales (units)
10,217,003
9,728,250
+ 5.0
Production (units)
10,212,562
9,727,848
+ 5.0
592,586
572,800
+ 3.5
2014
2013
202,458
197,007
+ 2.8
Operating profit
12,697
11,671
+ 8.8
Profit before tax
14,794
12,428
+ 19.0
Profit after tax
11,068
9,145
+ 21.0
Employees at Dec. 31
Financial Data (IFRSs), million
Sales revenue
Profit attributable to
Volkswagen AG shareholders
10,847
9,066
+ 19.6
Cash flows from operating activities
10,784
12,595
14.4
16,452
14,936
+ 10.2
EBITDA 3
23,100
20,594
+ 12.2
21,593
20,612
+ 4.8
attributable to operating activities 4
15,476
16,199
4.5
of which: capex
11,495
11,040
+ 4.1
6.5
6.3
4,601
4,021
2.6
2.3
6,117
4,413
+ 38.6
17,639
16,869
+ 4.6
2014
2013
7.3
6.3
14.9
14.5
12.5
14.3
Cash flows from investing activities

attributable to operating activities
Automotive Division 2
Cash flows from investing activities
as a percentage of sales revenue
capitalized development costs
as a percentage of sales revenue
Net cash flow

Net liquidity at Dec. 31
Return ratios in %
Return on sales before tax
Return on investment (ROI)
in the Automotive Division
Return on equity before tax
(Financial Services Division) 5
+ 14.4
VO L K SWA G E N A G
Volume Data
2014
2013
Vehicle sales (units)
2,615,686
2,495,745
+ 4.8
Production (units)
1,230,891
1,169,151
+ 5.3
112,561
107,559
+ 4.7
2014
2013
68,971
65,587
+ 5.2
2,476
3,078
19.6
Employees at Dec. 31
Financial Data (HGB), million
Sales
Net income for the year
1) Volume data including the unconsolidated Chinese joint ventures.

2) Including allocation of consolidation adjustments between

the Automotive and Financial Services divisions.
3) Operating profit plus net depreciation/amortization and impairment losses/reversals

of impairment losses on property, plant and equipment, capitalized development costs,
lease assets, goodwill and financial assets as reported in the cash flow statement.
4) Excluding acquisition and disposal of equity investments: 15,719 million (14,497 million).
5) Profit before tax as a percentage of average equity.
December 31, 2014
10
F I V E -YEA R R EV I EW
Volume Data (thousands)

Vehicle Sales (units)
Germany
Abroad
Production (units)
Germany
Abroad
Employees (yearly average)
Germany
Abroad
Financial Data (in million)
Sales revenue
Profit before tax
Profit after tax
Cash flows from investing activities attributable to operating activities
11
2014
2013
2012
2011
2010
10,217
9,728
9,345
8,361
7,278
1,247
1,187
1,207
1,211
1,059
8,970
8,541
8,137
7,150
6,219
10,213
9,728
9,255
8,494
7,358
2,559
2,458
2,321
2,640
2,115
7,653
7,270
6,934
5,854
5,243
583
563
533
454
389
265
255
237
196
178
318
308
296
258
210
2014
2013
2012
2011
2010
202,458
197,007
192,676
159,337
126,875
14,794
12,428
25,487
18,926
8,994
11,068
9,145
21,881
15,799
7,226
10,784
12,595
7,209
8,500
11,455
16,452
14,936
16,840
16,002
9,278
December 31, 2014
12
VO L K SWA G E N S H A R E K E Y F I G U R E S
Dividend development
Number of no-par value shares at Dec. 31
thousands
Ordinary shares
thousands
Preferred shares
Dividend 1
per ordinary share
per preferred share
Share price development 2

Ordinary shares
Closing
Annual low
Annual high
Preferred shares

Closing
Annual high
Annual low
Ratio of market capitalization to equity
billion
billion
Equity attributable to Volkswagen AG shareholders

and hybrid capital investors at Dec. 31
Market capitalization at Dec. 31
factor
Key figures per share

Earnings per ordinary share 4
basic
diluted
Operating profit 5
Cash flows from operating activities 5

Equity 6

Ordinary shares
Price/cash flow ratio 8

factor
factor
Dividend yield 9
Ordinary shares
Preferred shares
Preferred shares
Price/earnings ratio 7
factor
%
%
Stock exchange turnover 10

Turnover of Volkswagen ordinary shares
Turnover of Volkswagen preferred shares
Volkswagen share of total DAX turnover

1)

2)
3)
4)
5)

billion
million shares
billion
million shares
Figures for the years 2010 to 2013 relate to dividends paid in the following year.
For 2014, the figures relate to the proposed dividend.
Xetra prices.
2012 figures adjusted in the 2013 annual financial statements to reflect application of IAS 19R.
Prior-year figures adjusted in accordance with IAS 33.26.
Based on the weighted average number of ordinary and preferred shares outstanding basic),
prior year adjusted according to IAS 33.26.
13
2014

2013

295,090
180,641
170,148
295,090
295,090
295,046
170,143
170,143
170,143
4.80
4.00
3.50
3.00
2.20
2014
2013
2012
2011
2010
180.10
196.90
162.75
103.65
105.90
150.70
132.60
106.20
84.50
4.86
4.06
197.35

295,090
2010
2011
2012

184.65
203.35
150.25
86.5
90.0
0.96
196.90

204.15
204.15
138.50
92.8
87.7
1.06
172.15
172.70
118.00
77.3
118.50
136.95
162.75

2.26
3.06
3.56
115.75
151.00
88.54
50.3
62.30
121.40
136.90
55.83
51.9
57.5
46.0
2011
2010
77.7 3
1.00
0.87
1.13
2014
2013
21.84
18.61
46.41
33.10
15.17
25.59
23.99
24.59
24.23
15.87
21.84
21.74
18.61
25.89
2012
46.41
15.42
33.10
18.27
15.17
25.46
189.16
188.58
166.98
123.68
8.2
10.6
3.5
3.1
7.0
8.3
7.6
10.6
5.7
4.2
2.7
2.0
2.2
2.9
2.1
2014
2013
2012
2011
2010
3.2
3.5
3.5
5.1
8.4
2.6
10.9
2.0
3.7
2.1
3.5
2.6
98.84
8.0
1.9
6.0
17.8
21.4
26.8
46.4
79.2
248.3
252.8
293.3
369.1
305.4
45.1
5.4
43.0
5.7
40.9
5.3
44.2
4.6
23.5
2.9
6) Based on the total number of ordinary and preferred shares on December 31

(excluding potential shares from the mandatory convertible note).
7) Ratio of year-end-closing price to earnings per share.

December 31, 2014
8) Using year-end-closing prices of the ordinary shares.
9) Dividend per share based on the year-end-closing price.
10) Order book turnover on the Xetra electronic trading platform (Deutsche Brse).
14
PRODUCTION SITES IN GERMANY
25
7,14
23
3, 13
5
8,21
4,15,
28
29 12
26
17
20
2
16
10
11
9
19
1
22,27
24
18
December 31, 2014
15
GERMANY
5 Brunswick
AUDI
Steering units, front/rear axles,
(79,483 employees; founded in
(6,862 employees)
shock absorbers/levers, subframes/
1909, in 1965 acquisition of
swivel bearings, battery systems
GmbH; today more than 99 %
6 Kassel
50 % of the capital of Auto-Union

owned by VOLKSWAGEN AG)
1 Ingolstadt
(16,107 employees)
Gearboxes, components: foundry,

press shop, exhaust systems,
(40,027 employees)
electric drives
AUDI A4, AUDI A4 AVANT,
7 Emden
AUDI A5 SPORTBACK, AUDI Q5,
PASSAT, PASSAT ESTATE, CC
ponents, engine components; vehicle
8 Salzgitter
aluminum cast components
Engines
AUDI A3, AUDI A3 SPORTBACK,

AUDI A4 ALLROAD, AUDI A5 COUP,
body components, chassis com
components, pressed components,
2 Neckarsulm
(8,981 employees)
(7,049 employees)
(15,900 employees)
Volkswagen Sachsen GmbH
AUDI A6, AUDI A6 AVANT, AUDI A6
founded in 1990; wholly owned
AUDI A4, AUDI A5 CABRIOLET,
(11,079 employees;
ALLROAD, AUDI A7 SPORTBACK,
by VOLKSWAGEN AG)
SPYDER
9 Chemnitz
AUDI A8, AUDI R8 COUP, AUDI R8
VOLKSWAGEN AG
(112,561 employees; founded as
Volkswagenwerk GmbH in 1938)
3 Wolfsburg
(59,812 employees)
(1,764 employees)
Engines
10 Zwickau
(8,785 employees)
GOLF, GOLF ESTATE, PASSAT,

PASSAT ESTATE
TIGUAN, TOURAN,
11 Glserne Manufaktur
Dresden
chassis, plastics technology
PHAETON, BENTLEY FLYING SPUR
GOLF, GOLF SPORTSVAN, E-GOLF,

components: press shop,
(519 employees)
4 Hanover
(13,921 employees)
T5, AMAROK, components:

foundry, heat exchangers
December 31, 2014
16
PRODUCTION SITES IN GERMANY
Volkswagen Osnabrck
GmbH
Porsche
in 2009; wholly owned by
VOLKSWAGEN AG since 2012)
(2,301 employees; founded

VOLKSWAGEN AG)
12 Osnabrck
XL1, GOLF CABRIOLET, PORSCHE
BOXSTER, PORSCHE CAYMAN
Sitech Sitztechnik GmbH
(2,397 employees; founded in 2001;

1931; wholly owned by
16 Stuttgart-Zuffenhausen
(13,409 employees)
PORSCHE 911,
PORSCHE 911 CABRIOLET,

PORSCHE BOXSTER,
PORSCHE SPYDER,
V-/B-engines
wholly owned by SITECH Sp. z o.o.)
17 Leipzig
13 Wolfsburg
PORSCHE CAYENNE,
(1,683 employees)
Components: seating technology
(3,061 employees)
PORSCHE PANAMERA,
PORSCHE MACAN
14 Emden
(415 employees)
15 Hanover
(298 employees)
December 31, 2014
17
MAN
(55,903 employees;
24 Deggendorf
(MAN Diesel & Turbo)
VOLKSWAGEN AG 74.04 %)
Components:
18 Munich
(MAN Truck & Bus)
and special apparatus
founded in 1758,
(9,200 employees)
Trucks, components:
cabs, driven axles
19 Nuremberg
(MAN Truck & Bus)
(4,348 employees) Engines,

components: crankshafts
20 Plauen
(MAN Truck & Bus)
(254 employees)
Buses
21 Salzgitter
(MAN Truck & Bus)
(2,529 employees)
Trucks, bus chassis
Components: axles
22 Augsburg
(477 employees)
reactor technology, high-pressure
25 Hamburg
(602 employees)
Components: steam turbines
26 Oberhausen
(2,005 employees)
Components: compressors,
gas and steam turbines
27 Augsburg
(MAN SE/Renk AG)
(1,155 employees)
Gear units
28 Hanover
(MAN SE/Renk AG)
(361 employees)
Components: slide bearings
(4,087 employees)
29 Rheine
(MAN SE/Renk AG)
components: turbochargers
Gear units,
Large-bore diesel engines,
23 Berlin
(506 employees)
components: couplings
(572 employees)
Components: compressors
December 31, 2014
18
PRODUCTION SITES IN EUROPE
58
34
56
54
55
57
32
33
53
51
38
47
44, 49
45,46,47 50
42
41
48
30
67 6968 70
35
36 37
59
60 43
39
66
52
40
63
64
65
62
61
72
31
71
December 31, 2014
19
BELGI UM
FRANCE
AUDI BRUSSELS S.A./N.V.
BUGATTI AUTOMOBILES S.A.S.
1971; wholly owned by AUDI AG)
part of the Volkswagen Group
30 Brussels
AUDI A1, AUDI A1 SPORTBACK
BOSN IA-H ERZEGOVI NA

Volkswagen Sarajevo, d.o.o.
(founded in 1998; not con
solidated, 58% VOLKSWAGEN AG,

42% Prevent Sarajevo d.o.o.)
31 Sarajevo
components: flywheel ring gears,

stub axles, wheel hubs
DENMARK
(266 employees; founded in 1910;

since 1998; wholly owned by
Groupe VOLKSWAGEN France s.a.)
35 Molsheim
(93 employees)
VEYRON
36 Saint-Nazaire
(673 employees)
Diesel engines and spare parts
37 Angers
(Scania)
(622 employees)
Trucks
32 Frederikshavn
U N ITED KI NGDOM
Components: propulsion systems
Bentley Motors Ltd.
33 Copenhagen
International Finance N.V.)
Components: two-stroke
38 Crewe
(443 employees)
(1,314 employees)
components, spare parts
FI N LAN D

wholly owned by Volkswagen
MULSANNE, FLYING SPUR,

CONTINENTAL GT,
CONTINENTAL GTC, engines
34 Lahti (Scania AB)

(298 employees)
Buses
December 31, 2014
20
ITALY
44 Poznan
Automobili Lamborghini
S.p.A.
components: foundry
39 Sant Agata Bolognese
HURACN, AVENTADOR, engines
CADDY 3, T5,
Volkswagen Motor Polska

Sp. z o.o.
(founded in 1998; wholly owned by

Volkswagen International Finance
N.V.)
Ducati Motor Holding S.p.A.
45 Polkowice
1926; wholly owned by AUDI AG
Engines

since 2101)
40 Borgo Panigale
Motorcycles
THE NETHERLANDS
41 Meppel (Scania)
Components: paint-shop
(cabs and frames)
42 Zwolle (Scania)
(1,588 employees)
Trucks
AUSTR IA
43 Steyr
(MAN Truck & Bus)
(2,374 employees)
Trucks, components: cabs
POLAND
Volkswagen Poznan Sp. z o.o.

wholly owned by Volkswagen International Finance N.V.)
(1,331 employees)
Sitech Sp. z o.o.

46 Polkowice
47 Glogw
48 Krakw
(MAN Truck & Bus)
(450 employees)
Trucks
49 Poznan
(MAN Truck & Bus)
(957 employees)
Buses
50 Starachowice
(MAN Truck & Bus)
(1,480 employees)
Bus assembly, shells for buses and

construction of frames
51 Supsk (Scania)
(416 employees) Bus bodies

December 31, 2014
21
PORTUGAL
SWEDEN
Volkswagen Autoeuropa, Lda.
Scania
founded in 1991; 74% Volkswagen
founded in 1891,
(3,369 employees;
International Finance N.V.;
26% Global VW Automotive B.V.)
52 Palmela
EOS, SCIROCCO, SHARAN,

SEAT ALHAMBRA
RUSSIA
(35,925 employees;
VOLKSWAGEN AG 99.57 %
share capital, there of
86.22 % direct and
13.35 % indirect)
56 Sdertlje
(13,046 employees)
Trucks, bus chassis, engines,
gearboxes, components: axles
OOO Volkswagen Group Rus
57 Oskarshamn
28.06% VOLKSWAGEN AG,
Components: cabs
(founded in 2006;
16.80% KODA AUTO a.s.,
55.14% Volkswagen Finance

Luxemburg S.A.)
53 Kaluga
(5,073 employees)
POLO SEDAN, TIGUAN,
KODA RAPID
54 St. Petersburg
(MAN Truck & Bus)
(88 employees)
Trucks
55 St. Petersburg
(Scania)
Trucks
(1,811 employees)
58 Lule
(523 employees)
Components: frames and

rear axle housings
SWITZERLAN D
59 Winterthur
(MAN SE/Renk AG)
(735 employees)
Industrial gear units
60 Zurich
(960 employees)
Components:
hermetically sealed compressors,

vacuum blowers
December 31, 2014
22
SLOVAK REPUBLIC
SPAI N
VOLKSWAGEN SLOVAKIA, a.s.
SEAT
by Volkswagen International
1950, wholly owned by Volkswagen
(founded in 1991; wholly owned

Finance N.V.)

61 Bratislava
63 Barcelona
TOUAREG, UP!, E-UP!, AUDI Q7,
Components: press shop
(8,938 employees)
PORSCHE CAYENNE, KODA CITIGO,
SEAT MII, gearboxes (assembly only)
62 Martin
(825 employees)
Components: gearboxes, chassis
(1,128 employees)
64 Martorell
(10,723 employees)
IBIZA, IBIZA SC, IBIZA ST, LEN SC,
LEN 5DR, LEN ST, ALTEA, ALTEA XL,

ALTEA FREETRACK, AUDI Q3,
engines (assembly only)
65 El Prat
(1,088 employees)
Gearboxes, components: foundry
Volkswagen Navarra, S.A.
(4,274 employees; founded in 1993

when the Pamplona plant was
spun off from SEAT S.A. as Fabrica

Navarra de Automoviles S.A.,
wholly owned by SEAT, S.A.)
66 Pamplona
POLO, engines (assembly only)
December 31, 2014
23
CZECH REPUBLIC
TURKEY
KODA AUTO
71 Ankara
(MAN Truck & Bus)
Buses
1895; wholly owned by Volkswagen
67 Mlad Boleslav
(1,745 employees)
(20,637 employees)
H U NGARY
RAPID SPACEBACK, OCTAVIA,
OCTAVIA COMBI, SEAT TOLEDO,
AUDI HUNGARIA MOTOR

Kft.
foundry and forge
FABIA, FABIA COMBI, RAPID,
engines, gearboxes, components:
68 Kvasiny
72 Gyr
YETI, ROOMSTER, PRAKTIK, SUPERB,
AUDI A3 SEDAN,
(3,240 employees)
SUPERB COMBI
69 Vrchlab
AUDI A3 CABRIOLET,
AUDI TT COUP,
AUDI TT ROADSTER, engines
(754 employees)
Gearboxes
70 Velk Bte
(195 employees)
Components: turbochargers
December 31, 2014
24
PRODUCTION SITES IN NORTH/SOUTH AMERICA
73
76
74,75
82 83 84
79
77
78
85
81
USA
75 Silao
Volkswagen Group of
America Chattanooga
Operations, LLC.
Engines
Group of America Inc.)
73 Chattanooga
PASSAT NAR
87
89
88
86
80
(663 employees)
76 Quertaro
(MAN Latin America)
(94 employees)
Buses, trucks
ARGENTINA
MEXICO
Volkswagen Argentina S.A.
Volkswagen de Mxico, S.A.

de C.V.
SEAT, S.A.)
(founded in 1964; wholly
owned by VOLKSWAGEN AG)
74 Puebla
77 Cordoba
(1,784 employees)
Gearboxes
(14,646 employees)
78 Pacheco
THE BEETLE CABRIOLET, GOLF,
SURAN, AMAROK
components: foundry
79 Tucumn
(Scania)
JETTA, JETTA NAR, THE BEETLE,

GOLF ESTATE, engines,
(5,364 employees)
(505 employees)
components: axle components

December 31, 2014
PRODUCTION SITES IN SOUTH AMERICA AND SOUTH AFRICA 25
BRAZIL
SOUTH AFRICA
Volkswagen do Brasil
Indstria de Veculos
Automotores Ltda.
Volkswagen of South Africa

(Pty) Ltd.
Volkswagen International Finance
VOLKSWAGEN AG)
N.V.)
80 Anchieta

1956; wholly owned by
86 Uitenhage
POLO, POLO VIVO, POLO SEDAN VIVO,
(12,030 employees)
engines
81 So Jos dos Pinhais
87 Olifantsfontein
(MAN Truck & Bus)
GOL, NEW SAVEIRO
(2,586 employees)
FOX, SPACEFOX
82 So Carlos
(165 employees)
Buses
Engines
88 Pinetown
(MAN Truck & Bus)
83 Taubat
Trucks, bus chassis
(746 employees)
(4,320 employees)
UP!, GOL , VOYAGE
84 Resende
(MAN Latin America)
(122 employees)
89 Johannesburg
(Scania)
Trucks, buses
(1,905 employees)
Trucks, bus chassis
85 So Paulo
(Scania)
(3,590 employees)
Trucks, bus chassis, engines,

gearboxes,
components: axles and cabs
December 31, 2014
26
PRODU CTION SITE S I N AS I A / PAC I F I C
105,108,112
103
111, 115
116
106,109
90
91
92
107, 110
96
102
101 100,104,
117 113,114,
118
97
93
94
99
98
95
INDIA
KODA AUTO India
Private Ltd.
92 Pithampur
(MAN Truck & Bus)
(787 employees)
Trucks, engines,
(864 employees; founded in 1999;
components: cabins, axles
90 Aurangabad
93 Aurangabad
KODA SUPERB, KODA YETI,
Large-bore diesel engines
wholly owned by KODA AUTO a.s.)
JETTA, KODA OCTAVIA,
(377 employees)
AUDI A3, AUDI A4, AUDI A6,
AUDI Q3, AUDI Q5, AUDI Q7
Volkswagen India Private

Ltd. (3,421 employees; founded in
2007; VOLKSWAGEN AG 90.99%
94 Narasapura
(Scania)
Trucks, buses
share capital and 0.0001% voting
M A L AY S I A
Finance N.V. 9.01% share capital
95 Kuala Lumpur
(Scania)
rights, Volkswagen International

and 99.9999% voting rights)
91 Pune
POLO, VENTO, KODA RAPID
Trucks, buses
S O UTH KO R EA
96 Busan
(Scania)
Assembly of truck bodies

December 31, 2014
27
w w w.vo l kswa ge n a g . co m
TA I W A N
102 Yizheng
97 Ping Chen City

(Scania)
POLO, SANTANA, KODA RAPID,
Trucks, buses
THAILAND
DUCATI MOTOR CO.
(wholly owned by AUDI AG)
98 Amphur Pluakdaeng Rayong

(167 employees)
(3,783 employees)
KODA RAPID SPACEBACK
103 Urumqi
(531 employees)
SANTANA
104 Ningbo
(2,336 employees)
KODA SUPERB HAORUI,
KODA OCTAVIA MINGRUI,

LAMANDO
Motorcycles
99 Bang Pakong
(Scania)
FAW-Volkswagen
Automotive Company, Ltd.
(founded in 1991;
Trucks, buses
20% VOLKSWAGEN AG,
PEOPLES REPUBLIC
OF CHINA
10% AUDI AG,
Shanghai-Volkswagen
Automotive Company, Ltd.
(founded in 1985;
10% Volkswagen (China)
Investment Company Ltd.,

60% First Automobile Works Corp.,
FAW
105 Changchun
(15,878 employees)
40% VOLKSWAGEN AG,
NEW BORA, GOLF, MAGOTAN,
AUDI Q5, engines, gearboxes
Company Ltd./SAGCL)
106 Chengdu
100 Shanghai (Anting)
JETTA, SAGITAR, engines
50% Shanghai Automotive Group
(19,498 employees)
CC, AUDI A4, AUDI A6, AUDI Q3,
(7.212 employees)
KODA FABIA JINGRUI,
107 Foshan
KODA YETI, POLO, NEW LAVIDA,
GOLF, AUDI A3 SEDAN,
KODA OCTAVIA MINGRUI,
GRAN LAVIDA, TIGUAN, TOURAN,
(4,501 employees)
AUDI A3 SPORTBACK
engines
101 Nanjing
(4,805 employees)
NEW LAVIDA, GRAN LAVIDA,

NEW PASSAT
December 31, 2014
28
PRODU CTION SITE S I N AS I A / PAC I F I C
105,108,112
103
111, 115
116
106,109
90
91
92
107, 110
96
102
101 100,104,
117 113,114,
118
97
93
94
99
98
95
Volkswagen FAW Platform

Company, Ltd.
Volkswagen FAW Engine

(Dalian) Co., Ltd.
(founded in 2005;
(founded in 2005;
40% FAWER Automobile Parts Co.
40% First Automobile Works Corp./
108 Changchun
111 Dalian
Components: axles, chassis
Engines
Ltd.)
(974 employees)
109 Chengdu
110 Foshan
FAW)
(787 employees)
112 Changchun
(586 employees)
Engines
December 31, 2014
29
w w w.vo l kswa ge n a g . co m
VOLKSWAGEN Transmission
(Shanghai) Company, Ltd.
117 Changzhou
Components: turbochargers,
(founded in 2001;
(501 employees)
compressors
20% FAW-Car Company,
20% SAIC Motor Co., Ltd.)
113 Shanghai (Jiading)

(444 employees)
Gearboxes
118 Shanghai
(Sitech DongChang Automotive
Seating Technology Ltd.)
Shanghai Volkswagen
Powertrain Company, Ltd.
(founded in 2005;
40% Shanghai Automotive Group

Company Ltd./SAGCL)
114 Shanghai (Loutang)

(1,575 employees)
Engines
Volkswagen Automatic
Transmission (Dalian) Co.,
Ltd.
(founded in 2010;
(China) Investment Company Ltd.)
115 Dalian
(2,184 employees)
Gearboxes
116 Tianjin
(577 employees)
Gearboxes
December 31, 2014
30
GROU P P RODU CTION S ITES BY COU NTR I ES
USA 1 (1/0)
Mexico 3 (2/1)
Brazil 6 (5/1)
Argentina 3 (1/2)
South Africa 4 (4/0)
Notes*:
T = Total
V = Vehicle production sites
C = Component production sites
** Asean: Malaysia, South Korea, Thailand, Taiwan
31
Germany
China 19 (8/11)
India 5 (4/1)
Asean** 5 (5/0)
T*
(V/C)*
29
(13/16)
Poland
(5/3)
Spain
(2/2)
Czech Republic
(2/2)
Sweden
(1/2)
France
(2/1)
Russia
(3/0)
The Netherlands
(1/1)
Switzerland
(0/2)
Slovak Republic
(1/1)
Denmark
(0/2)
Italy
(2/0)
Austria
(1/0)
Bosnia-Herzegovina
(0/1)
United Kingdom
(1/0)
Belgium
(1/0)
Portugal
(1/0)
Hungary
(1/0)
Turkey
(1/0)
Finland
(1/0)
72
(39/33)
Europe
Group production sites in total: 118 (69/49)
December 31, 2014
32
GROU P P RODU CTION S ITES BY B RAN D S
Europe
16
24
USA
1
Mexico
2
1
Brazil
4
1
Argentina
South Africa
1
2
*Asean: Malaysia, South Korea, Thailand, Taiwan
33
Worldwide
44
4
3
China
17
India
Asean*
2
2
2
17
31
6
118
118 Group production sites
December 31, 2014
34
PA S S E N G E R C A R D E L I V E R I E S
TO C U STO M E R S B Y M A R K E T *
Deliveries
(Units)
Change
2014
2013
Europe/Other Markets
3,893,726
3,715,349
+4.8 %
Western Europe
2,912,905
2,734,534
+6.5 %
of which: Germany
1,092,675
1,044,477
+4.6 %
United Kingdom
510,481
454,400
+12.3 %
France
249,311
245,926
+1.4 %
Italy
190,671
176,231
+8.2 %
Spain
203,870
173,893
+17.2 %
Central- and Eastern Europe
606,801
599,231
+1.3 %
of which: Russia
253,176
287,258
11.9 %
Czech Republic
100,967
83,215
+21.3 %
Poland
95,790
75,920
+26.2 %
Other Markets
374,020
381,584
2.0 %
of which: Turkey
128,592
126,853
+1.4 %
South Africa
100,058
103,805
3.6 %
North America
884,454
884,440
+0.0 %
of which: USA
599,734
611,747
2.0 %
Mexico
189,328
185,640
+2.0 %
Canada
95,392
87,053
+9.6 %
South America
690,101
831,465
17.0 %
of which: Brazil
554,828
631,383
12.1 %
95,086
156,443
39.2 %
4,022,640
3,616,163
+11.2 %
+12.3 %
Argentina
Asia-Pacific
of which: China
3,668,433
3,266,235
Japan
104,218
100,535
+3.7 %
India
70,656
92,561
23.7 %
Worldwide
9,490,921
9,047,417
+4.9 %
6,118,617
6,021,750
+1.6 %
Audi
1,741,129
1,575,480
+10.5 %
KODA
1,037,226
920,750
+12.7 %
390,505
355,004
+10.0 %
11,020
10,120
+8.9 %
2,530
2,121
+19.3 %
Porsche
189,849
162,145
+17.1 %
Bugatti
45
47
4.3 %
SEAT
Bentley
Lamborghini
Deliveries for 2013 have been updated to reflect subsequent statistical trends.
The figures include the Chinese joint venture companies.
The Saveiro model, which is sold mainly in South America, is reported in the
Volkswagen Passenger Cars brand retrospectively as of January 1, 2013.
December 31, 2014
35
COMMERCIAL VEH ICLE DELIVERI ES

TO C U STOM E R S BY M A R K E T *
Deliveries
(Units)
Change
2014
2013
Europe/Other Markets
498,325
485,772
Western Europe
361,372
349,208
+3.5 %
Central- and Eastern Europe
64,052
69,039
7.2 %
Other Markets
72,901
67,525
+8.0 %
North America
8,331
6,121
+36.1 %
South America
34.9 %
+2.6 %
104,728
160,834
of which: Brazil
74,977
123,816
39.4 %
Asia-Pacific
35,082
30,443
+15.2 %
of which: China
6,887
4,868
+41.5 %
Worldwide
646,466
683,170
5.4 %
446,596
462,373
3.4 %
79,782
80,464
0.8 %
120,088
140,333
14.4 %
Scania
MAN
VO L K SWA G E N G R O U P D E L I V E R I E S
Deliveries
(Units)
Passenger Cars
Commercial Vehicles
Total
Change
2014
2013
9,490,921
9,047,417
+4.9 %
646,466
683,170
5.4 %
10,137,387
9,730,587
+4.2 %
* Deliveries for 2013 have been updated to reflect subsequent statistical trends.
The Saveiro model, which is sold mainly in South America, is reported in the
Volkswagen Passenger Cars brand retrospectively as of January 1, 2013.
December 31, 2014
36
ENVIRONMENT AND TRANSPORT SUSTAINABLE VALUE ENHANCEMENT
Energy Consumption*
in kilowatt hours per vehicle
2014
2,054
2013
2,204
2010
2,519
CO2-Emissions*
in kilograms per vehicle
2014
842
2013
885
2010
1,096
VOC-Emissions (Volatile Organic Compounds)*

2014
3.05
2013
3.57
2010
4.13
December 31, 2014
37
Disposable Waste*
2014
18.3
2013
20.1
2010
23.3
Fresh Water Consumption*

in cubic meters per vehicle
2014
4.23
2013
4.38
2010
4.54
* Production of passenger cars and light commercial vehicles.

Prior-year figures adjusted.
December 31, 2014
38
DEVELOPMENTS I N WORKFORCE
Development of workforce worldwide
600
thousands
592.6
572.8
549.8
550
502.0
500
450
400
399.4
368.5
350
300
2009
2010
2011
2012
2013
2014
Year-end data, employees at production and service companies

December 31, 2014
Absolute numbers of employees in Germany/abroad
thousands
320
300.3
300
277.1
280
260
249.5
240
220
200
312.4
218.1
195.9
180 172.6
321.5
271.0
260.4
224.8
181.3
160
140
120
100
2009
Germany
abroad
2010
2011
2012
2013
2014
Year-end data, employees at

production and service companies
December 31, 2014
39
Workforce at production companies by continents
2014
2013
2012
2011
2010
Europe
438,631
424,964
410,427
378,030
290,159
America
59,790
61,796
63,193
58,072
54,571
6,330
6,356
6,461
6,602
6,546
86,752
78,672
68,704
58,540
47,607
1,083
1,012
978
712
498
592,586
572,800
549,763
501,956
399,381
Africa
Asia
Australia
Worldwide
December 31, 2014
Workforce at production companies by employment category
600,000
500,000
400,000
300,000
200,000
125,694
133,687
185,224
213,445
226,037
237,795
232,960
255,149
301,711
319,604
329,060
336,332
2009
2010
2011
2012
2013
2014
100,000
0
salaried (excl. apprentices)

hourly workers (excl. apprentices)
December 31, 2014
40
DEVELOPMENTS I N WORKFORCE
Development of part-time employees
95,164
94,787
97,691
101,794
107,559
4,000
3,500
3,000
3,590
3,328
3,159
2,977
112,561
3,930
2,780
2,500
2,000
1,500
2009
2010
2011
2012
2013
3.5%
3.3%
3.3%
3.1%
2.9%
500
3.2%
1,000
2014
total (incl. apprentices)

part-time employees (excl. partial retirement)
December 31, 2014
Development in share of female employees
95,164
97,691
94,787
101,794
107,559
112,561
20,000
15,000
18,267
13,397
13,747
14,493
15,635
17,033
10,000
2009
2010
2011
2012
2013
16.2%
15.8%
15.4%
14.8%
14.5%
14.1%
5,000
2014
total (incl. apprentices)

women
December 31, 2014
41
Overall age structure
43.0
42.5
42.3
years
42.9
years
42.8
years
2013
2014
42.6
years
42.0
41.0
40.0
2011
2012
December 31, 2014
Absenteeism
%
2014
5.0
2013
4.9
2012
4.9
2011
5.0
2010
5.0
2009
4.8
2008
4.3
2007
4.3
2006
3.7
2005
3.8
December 31, 2014
42
EMPLOYEES I N TEC H N ICAL DEVELOPMENT
VW R
GmbH
111
Bentley
769
Volkswagen
Osnabrck
465
Sitech
144
Porsche
3,840
Bugatti
154
MAN
4,539
SEAT
886
Volkswagen
of America
Scania
3,671
Research Group
747
Volkswagen
Passenger Cars
9,780
Volkswagen
Commercial
Vehicles
1,004
koda
1,653
Audi2
10,152
Lamborghini
283
Ducati
208
Italdesign
772
NAR 3
987
Volkswagen
de Mxico
936
Volkswagen
Argentina 1
101
1) incl. Robust Pick-up/

2) incl. subsidiaries
3) North America Region
43
Volkswagen
Group RUS
39
FAW-Volkswagen
Volkswagen
1,274
VTT Japan
Group China
43
102
Volkswagen
Pune
47
Shanghai Volkswagen
2,771
Volkswagen of
South Africa
106
Total: 45,742
December 31, 2014
44
GENERAL PROCUREMENT INFORMATION www.volkswagenag.com/ir
Procurement Volumes (Volkswagen Group)

145.5 billion
135.0 billion
2013
2014
Procurement Volumes by Brand and Company*

billion
Volkswagen AG
27.2
18.7 %
AUDI
18.1
12.4 %
FAW Volkswagen
Volkswagen Shanghai
MAN
KODA AUTO
Scania
AUDI HUNGARIA MOTOR

Porsche
Volkswagen de Mxico
Volkswagen Slovakia
SEAT
Volkswagen Sachsen
VW Group of America
Volkswagen Autoeuropa
OOO Volkswagen Group RUS

Volkswagen Argentina
Volkswagen Motor Polska

AUDI BRUSSELS
Bentley
Volkswagen of South Africa

Volkswagen India
Ducati
Lamborghini
KODA AUTO India

Total
* All figures shown are rounded, so minor discrepancies

may arise from addition of these amounts.
21.1
17.3
7.8
7.1
6.5
5.8
5.0
4.6
4.5
4.4
3.5
2.8
1.6
1.2
1.1
1.1
1.0
0.9
0.8
0.6
0.5
0.5
0.4
<0.1
145.5
14.5 %
11.9 %
5.4 %
4.9 %
4.5 %
4.0 %
3.4 %
3.2 %
3.1 %
3.0 %
2.4 %
1.9 %
1.1 %
0.8 %
0.8 %
0.7 %
0.7 %
0.6 %
0.6 %
0.4 %
0.3 %
0.3 %
0.3 %
<0.1 %
100 %
December 31, 2014
O R G A N I Z AT I O N A L C H A R T S
45
VOLKSWAGEN
Headquarters: Wolfsburg, Germany

Share of capital held: 100 %

Board of Management, Volkswagen Passenger Cars:
Prof. Dr. Dr. h.c. mult. Martin Winterkorn

Chairman
Dr. rer. pol. Arno Antlitz

Controlling and Accounting
Dr. rer. pol. h.c. Francisco Javier Garcia Sanz

Procurement
Christian Klingler

Sales and Marketing
Prof. Dr. rer. pol. Horst Neumann

Dr.-Ing. Heinz-Jakob Neuer

Technical Development
Thomas Schmall

Component
Thomas Ulbrich

Production, Logistics

Address:
Volkswagen Aktiengesellschaft
38436 Wolfsburg
Germany

Internet: www.volkswagen.com
March 1, 2015
46
AUDI AG
Headquarters: Ingolstadt, Germany

Share of capital held: 99.55 %

Board of Management, Audi:
Prof. Rupert Stadler

Chairman
Prof. Dr.-Ing. Ulrich Hackenberg

Dr. rer. pol. Bernd Martens

Procurement
Luca de Meo

Sales and Marketing
Prof. h.c. Thomas Sigi

Human Resources
Axel Strotbek

Finance and Organization
Prof. Dr.-Ing. Hubert Waltl

Production
Address:
AUDI AG
85045 Ingolstadt
Germany

Internet: www.audi.com
March 1, 2015
47
SEAT, S.A.
Headquarters: Martorell, Spain


Board of Management, SEAT:
Jrgen Stackmann

Chairman
Holger Kintscher

Finance and Organization
Dr. rer. pol. Andreas Offermann

Sales and Marketing
Ramn Paredes Snchez-Collado

Governmental and Institutional Affairs
SEAT and Volkswagen Group in Spain
Dr.-Ing. Matthias Rabe

Josef Schelchshorn

Human Resources
Dr.-Ing. Andreas Tostmann

Production
Klaus Ziegler

Purchasing
Address:
SEAT, S.A.
Autova A-2, Km. 585
08760 Martorell
Spain
Internet: www.seat.com
March 1, 2015
48
KODA AUTO a.s.
Headquarters: Mlad Boleslav, Czech Republic


Board of Management, koda:
Prof. Dr. h.c. Winfried Vahland

Chairman
Werner Eichhorn

Sales and Marketing
Winfried Krause

Commercial Affairs
Michael Oeljeklaus

Production and Logistics
Dieter Seemann

Purchasing
Dr.-Ing. Frank Welsch

Bohdan Wojnar

Human Resources
Address:
KODA AUTO a.s.
Vclava Klementa 869
293 60 Mlad Boleslav
Czech Republic

Internet: www.skoda-auto.com
March 1, 2015
49
Bentley Motors Limited
Headquarters: Crewe, United Kingdom


Board of Management, Bentley:
Wolfgang Drheimer

Chairman and Chief Executive Officer
Rolf Frech

Engineering
Dr. rer. pol. Jrg Mull

Finance, IT and Business Development
Marlies Rogait

Human Resources
Kevin Rose

Sales and Marketing
Michael Straughan

Manufacturing
Address:
Bentley Motors Limited
Pyms Lane
Crewe
Cheshire, CW1 3PL
United Kingdom

Internet: www.bentleymotors.com
March 1, 2015
50
BUGATTI

Headquarters: Molsheim, France
Wolfgang Drheimer

President
Dr. rer. pol. Stefan Brungs, Dr. rer. pol. Jrg Mull,
Christophe Piochon

Board of Management
BUGATTI INTERNATIONAL SOCIT ANONYME

(Headquarters Luxembourg)
Wolfgang Drheimer

BUGATTI ENGINEERING GMBH (Headquarters Wolfsburg)

Wolfgang Drheimer, Chief Executive Officer (Spokesman)
Dr. rer. pol. Jrg Mull, Chief Executive Officer
Willi Netuschil, Chief Executive Officer

Addresses:
1 Chteau Saint Jean, Dorlisheim
67120 Molsheim
France
BUGATTI ENGINEERING GMBH

Gustav-Hertz-Strae 2
38448 Wolfsburg
Germany
BUGATTI INTERNATIONAL
SOCIT ANONYME
412 F route d'Esch
1030 Luxembourg
Luxembourg
Internet: www.bugatti.com
March 1, 2015
51
Automobili Lamborghini S.p.A.
Headquarters: Sant Agata Bolognese, Italy


Directors Committee Lamborghini:
Stephan Winkelmann

President, Sales
Matthias Kellner

Procurement
Ranieri Niccoli

Production
Maurizio Reggiani

Rainer Seidl

Finance
Umberto Tossini

Human Resources, Organization
Address:
Automobili Lamborghini S.p.A.
via Modena, 12
40019 Sant Agata Bolognese
Italy

Internet: www.lamborghini.com
March 1, 2015
52
Headquarters: Stuttgart, Germany

Board of Management Porsche:
Matthias Mller

Chairman of the Executive Board
Dr. Oliver Blume
Thomas Edig
Deputy Chairman of the Executive Board,
Human Resources
Wolfgang Hatz
Bernhard Maier
Lutz Meschke
Uwe-Karsten Stdter
Research and Development

Sales and Marketing
Finance and IT
Procurement
Address:
Porscheplatz 1
70435 Stuttgart
Germany
Internet: www.porsche.com
March 1, 2015
53
Headquarters: Bologna, Italy


Board of Management Ducati:
Claudio Domenicali

Chief Executive Officer
Andrea Buzzoni

Sales and Marketing
Silvano Fini

Production
Andrea Forni

Arne Heinrichs

Procurement
Paolo Poma

Finance and Systems
Diego Sgorbati

Motorcycle Related Products
Luigi Torlai

Human Resources and CR

Address:
Via Antonio Cavalieri Ducati, 3
40132 Bologna (Emilia Romagna)
Italy

Internet: www.ducati.com
March 1, 2015
54
Headquarters: Hanover, Germany

Board of Management Volkswagen Commercial Vehicles:
Dr.-Ing. Eckhard Scholz

Chairman
Dr. rer. nat. Josef Baumert

Production, Logistics
Dr. rer. pol. Elke Eller

Human Resources
Jrn Hasenfu

Procurement
Dr.-Ing. Joachim Rothenpieler

Development
Bram Schot

Sales and Marketing
Klaus-Dieter Schrmann

Finance and IT
Address:
PO Box 21 05 80
30405 Hanover
Germany
Internet: www.vwn.de
March 1, 2015
55
Scania AB
Headquarters: Sdertlje, Sweden


Executive Board, Scania:
Martin Lundstedt

President and Chief Executive Officer
Kent Conradson

Human Resources
Andrea Fuder

Purchasing
Per Hallberg

Henrik Henriksson

Sales and Marketing
Christian Levin

Commercial Operations
Dr.-Ing. Harald Ludanek

Research and Development
Jan Ytterberg

Chief Financial Officer,
Finance and Business Control

Address:
Scania
SE-151 87 Sdertlje
Sweden

Internet: www.scania.com
March 1, 2015
56
MAN SE
Headquarters: Munich, Germany


Executive Board, MAN SE:
Dr.-Ing. Georg Pachta-Reyhofen

Chief Executive Officer
Ulf Berkenhagen

Chief Procurement Officer
Jochen Schumm

Chief Human Resources Officer
Address:
MAN SE
Ungererstrae 69
80805 Mnchen
Germany

Internet: www.man.eu/corporate
March 1, 2015
57
Headquarters: Brunswick, Germany

Board of Management, Volkswagen Financial Services AG:
Frank Witter

Chairman,
Company Steering,
Region China/India/ASEAN,
Insurance
Dr. Mario Daberkow

IT and Processes
Frank Fiedler

Finance
Christiane Hesse

Dr. rer. pol. Michael Reinhart

Risk Management,
Credit Analysis
Lars-Henner Santelmann

Sales and Marketing,
Regions Germany/Europe/International/Latin America
Address:
Volkswagen Financial Services AG
Gifhorner Strae 57
38112 Brunswick
Germany
Internet: www.vwfs.com
March 1, 2015
58
H I STO R I CA L N OTE S
Ferdinand Porsches blue-print

turned the dream of automotive
mobility for the masses into a
peoples car. The automobile
laid the foundation for a com
pany which rapidly acquired
international significance after
the Second World War.
The motor of the Wirtschafts
wunder was air-cooled and
fitted at the rear of a car whose
distinctive silhouette made
Volkswagen a household name
all over the world, just as the
Transporter launched in 1950
became a much-loved work
horse and camper.
Numerous production facilities
outside Europe were already
being set up in the 1950s to
bring the automaker closer to
the customer.
Having evolved into a German
automotive group with the
acquisition of Auto Union
GmbH and NSU Motoren
werke AG in the 1960s, the
dynamic market success of the
Passat, Golf and Polo post-1973
triggered further corporate
growth towards a multi-brand
group: SEAT and SKODA were
added in 1985 and 1991,
Bentley, Lamborghini and
Bugatti in 1998.
They were joined by the

legendary sports car maker
Porsche AG in 2012. The Group
also welcomed the motorcycle
brand Ducati under its roof.
The Volkswagen Commercial
Vehicles brand, the Scania
brand acquired in 2008 and the
MAN brand which was taken
over in 2012 with factories in
Europe, Africa and South
America provide a differen
tiated range of products
spanning city vans, trucks and
busses to suit the most diverse
mobility requirements.
The financial services pro
vided by Volkswagen Financial
Services AG, a company whose
roots go back as far as 1949,
also contribute to the automo
tive success of the Volkswagen
Group.
Founded on strong brands, the
Volkswagen Group continues
its successful automotive tradi
tion with fascinating products.
Bolstered by another rise in unit
sales to more than 10 million
vehicles, the Volkswagen Group
remains on course to become
the worlds leading automaker
by 2018 economically and
ecologically.
1937 1945
May 28, 1937
Gesellschaft zur Vorbereitung
des Deutschen Volkswagens
mbH is established in Berlin.
February 1938
Construction of the Volkswagen
plant east of Fallersleben be
gins.
September 16, 1938
The company name is changed
to Volkswagenwerk GmbH.
Between 1939 and 1945,
the Volkswagen plant is re
organized for the production
of armaments rather than the
production of civilian vehicles.
The expanding armaments out
put of the plant after summer
1940 leads the company to
meet most of its labour needs
by using forced labour from
abroad. In late summer 1944,
almost two thirds of the
18,000-strong workforce is
made up of foreign forced
labourers.
April 11, 1945
The American troops who enter
the town put an end to the pro
duction of military equipment
and liberate the forced
labourers.
59
60
1945 1949
1945
Vehicle Production
VOLKSWAGENWERK GMBH

1,785
Workforce (yearly average)

VOLKSWAGENWERK GMBH
Factory workers
5,459
Office workers
Total
574
6,033
Financial data
(million Reichsmark)
VOLKSWAGENWERK GMBH
Sales
11.7
June 1945
Responsibility for the company
seized by the Allies is turned over
to the British Military Govern
ment for administration in
trusteeship.
December 1945
Series production of the
Volkswagen Type 1 begins with
the assembly of 55 saloons.
October 1947
Export of the first Volkswagen
saloons to the Netherlands
begins with five vehicles.
January 1, 1948
Heinrich Nordhoff is appointed
General Director of the Volkswagen works.
July 29, 1948
The companys registered office
is transferred from Berlin to
Wolfsburg and the change
entered into the Commercial
Register.
June 30, 1949
Volkswagen-FinanzierungsGesellschaft mbH is founded
to provide loans to domestic
customers and dealers,
thus encouraging the sale
of Volkswagens.
October 8, 1949
The British Military Government
hands over the Volkswagen
works to the trusteeship of the
Federal German government.
The State of Lower Saxony
assumes the administration.
61
1950 1954
March 8, 1950
Series production of the Volks
wagen Transporter begins in
Wolfsburg.
September 11, 1952
The internationalization of
the Volkswagen sales network
begins with the founding of
Volkswagen Canada Ltd. in
Toronto.
March 23, 1953
Volkswagen sets up its first
foreign production company,
Volkswagen do Brasil Ltda., in
So Paulo. In 1957 Volkswagen
do Brasil switches from
assembling the Transporter to
local production; the first Beetle
produced in Brazil leaves the
assembly line in 1959.
October 1953
Volkswagenwerk GmbH has
82 sales agencies outside of
Germany. Exports account for 44
percent of vehicle production.
With 68,754 vehicles exported in
1953, Volkswagen accounts for
over 40 percent of all passenger
car exports from the Federal
Republic of Germany.
January 1, 1954
The domestic sales organization
encompasses 66 distributors,
239 dealerships and 531
authorized repair shops.
1950
Vehicle Production
VOLKSWAGENWERK GMBH

90,038

VOLKSWAGENWERK GMBH
Factory workers
Office workers
Total
13,322
1,644
14,966
Financial Data (million DM)

VOLKSWAGENWERK GMBH
Sales
411
Profit
3.8
62
1955 1959
1955
Vehicle Production
VOLKSWAGENWERK GMBH

329,893
Vehicle Sales
VOLKSWAGENWERK GMBH
Germany
150,397
Abroad
177,657
Total
328,054

VOLKSWAGENWERK GMBH
Factory workers
28,606
Office workers
2,964
Total
31,570

VOLKSWAGEN GROUP
Sales
1,444
August 5, 1955
Employees and dealers from
home and abroad celebrate the
production of the one millionth
Volkswagen in Wolfsburg.
August 1955
The Karmann Ghia Coup goes
into production.
October 27, 1955
Volkswagen of America Inc. is
founded in Newark, New Jersey.
March 8, 1956
After a one-year period of con
struction, the new plant in
Hanover-Stcken starts
producing the Transporter.
June 8, 1956
Volkswagenwerk GmbH
acquires an interest in the
former import agency South
African Motor Assemblers and
Distributors Ltd. (SAMAD).
July 1958
Powertrain remanufacturing is
moved from Wolfsburg to
Altenbauna near Kassel. The
workforce at the new Kassel
plant, which repairs and
rebuilds 430 engines and 130
axles a day, rises to 1,124 in
1959.
63
1960 1964
March 11, 1960
Volkswagen France S.A. is
founded in Paris.
August 22, 1960
Based on the VW Act, Volks
wagenwerk GmbH is trans
formed into a joint stock com
pany. Up to March 15, 1961, the
company issues shares with a
nominal value of 360 million
DM at a share price of 350 DM.
September 1961
Volkswagen launches the VW
1500 at the International Auto
mobile Show (IAA) in Frankfurt.
October 2, 1962
The one millionth Volkswagen
Transporter rolls off the
assembly line at the Hanover
plant.
January 17, 1964
Volkswagen de Mxico-City,
S.A. de C.V. is established in
Mexico-City.
December 8, 1964
The Emden plant begins
producing the Beetle. Over
500 vehicles roll off the
assembly line each day. They
are shipped from the companys
own port and exported primarily
to North America.
1960
Vehicle Production
VOLKSWAGEN GROUP

890,673
Vehicle Sales
VOLKSWAGEN GROUP
Germany
374,478
Abroad
514,029
Total
888,507

VOLKSWAGEN GROUP
Total
75,528

VOLKSWAGEN GROUP
Sales
4,607
64
1965 1969
1965
Vehicle Production
VOLKSWAGEN GROUP

1,594,861
Vehicle Sales
VOLKSWAGEN GROUP
Germany
632,671
Abroad
Total
963,693
1,596,364

VOLKSWAGEN GROUP
Employees in foreign
Group companies
Total
18,625
125,157

VOLKSWAGEN GROUP
Sales
Investments
9,268
702
January 1, 1965
Volkswagenwerk AG acquires
Auto Union GmbH registered
in Ingolstadt; the independent
brand widens the model range of
the emerging group.
October 1966
Volkswagen Leasing GmbH is
founded.
August 1967
Series production of the second
generation of the Transporter
begins at the Hanover plant.
May 1, 1968
Kurt Lotz becomes Chairman of
the Board of Management.
September 19, 1968
A proving ground is opened near
Ehra-Lessien; in its final form,
the site features over 100 km of
test track.
November 1968
The Volkswagen Group enters
the upper mid-class segment
with the presentation of the
Audi 100.
August 21, 1969
Auto Union GmbH and NSU
Motorenwerke AG join forces to
become Audi NSU Auto Union
AG. Volkswagenwerk AG
initially owns 59.5 percent
of the shares.
November 1969
The VW Porsche 914 goes into
production.
65
1970 1974
July 1970
The K 70 rolls off the assembly
line at Volkswagens new
Salzgitter plant.
October 1, 1971
Rudolf Leiding takes over as
Management.
May 1973
The Passat, the first model of the
new Volkswagen generation,
goes into production. It features
front-wheel drive, a watercooled 4-cylinder engine and a
unitary construction all-steel
body.
February 1974
The sporty VW Scirocco goes
into series production.
1970
Vehicle Production
VOLKSWAGEN GROUP

2,214,937
Vehicle Sales
VOLKSWAGEN GROUP
Germany
725,055
Abroad
1,481,866
Total
2,206,921

VOLKSWAGEN GROUP
Group companies
Total
35,421
190,306
March 29, 1974

Series production of the Golf
begins in Wolfsburg.
July 1, 1974
At 11.19 a.m. the last of almost
12 million Beetles rolls off the
assembly line in Wolfsburg.
Investments
VOLKSWAGEN GROUP
Sales
Profit
15,791
1,536
407
66
1975 1979
1975
Vehicle Production
VOLKSWAGEN GROUP

1,948,939
Vehicle Sales
VOLKSWAGEN GROUP
Germany
625,555
Abroad
1,412,302
Total
2,037,857
VOLKSWAGEN GROUP
Group companies
Total
59,157
176,824

VOLKSWAGEN KONZERN
Sales
Investments
Loss
March 1975
Series production of the Polo
begins in Wolfsburg. The auto
mobile is positioned on the small
car market as a less expensive
version of the nearly identical
Audi 50.
October 27, 1976
The one millionth Golf rolls off
the assembly line.

February 10, 1975

Toni Schmcker becomes
Management.
18,857
941
-157
January 1977
The Derby, a notchback version
of the Polo, goes into production.
November 1977
Contract with the German
Democratic Republic providing
for the delivery of 10,000 Golf.
January 19, 1978
The last Beetle to be built in
Germany leaves the assembly
line at the Emden plant.
May 1978
V.A.G. Transportgesellschaft
mbH is founded in Wolfsburg.
February 1979
Karmann in Osnabrck
begins production of the
Golf Convertible.
67
1980 1984
March 1980
The Audi quattro four-wheel
drive creates a stir at the
Geneva Motor Show.
May 8, 1980
At the Energy Symposium in
Wolfsburg, Volkswagen
presents the Formula E.
December 1980
VW Kraftwerk GmbH is
founded in Wolfsburg.
August 1981
Production of the Santana
begins. Production of the
second generation Polo
January 1, 1982
Carl H. Hahn becomes
Management.
September 30, 1982
A license agreement for the
production of the Volkswagen
Passat, Santana and Polo
models is signed with
Sociedad Espaola de
Automviles de Turismo
(SEAT).
November 1982
The Caddy city van goes into
series production.
June 1983
Production of the second
generation Golf begins.
February 3, 1984
The new research centre
at the plant in Wolfsburg is
inaugurated.
December 1984
Volkswagen acquires the
majority of shares in the
Italian general importer
Autogerma S.p.A.
1980
Vehicle Production
VOLKSWAGEN GROUP

2,573,871
Vehicle Sales
VOLKSWAGEN GROUP
Germany
787,591
Abroad
1,707,156
Total
2,494,747

VOLKSWAGEN GROUP
Group companies
Total
99,060
257,930

VOLKSWAGEN GROUP
Sales
Investments
Profit
33,288
4,279
321
68
1985 1989
1985
Vehicle Production
VOLKSWAGEN GROUP

2,398,196
Vehicle Sales
VOLKSWAGEN GROUP
Germany
721,812
Abroad
1,676,192
Total
2,398,004
VOLKSWAGEN GROUP
Group companies
Total
88,703
259,047

VOLKSWAGEN GROUP
Sales
Investments
Profit
April 20, 1985

Shanghai-Volkswagen Auto
motive Company Ltd. is
established. Volkswagenwerk
AG has a 50 percent share in
the German-Chinese joint
venture.
July 4, 1985
The name of the company is
changed to Volkswagen AG.

January 1, 1985
Audi NSU Auto Union AG
is renamed AUDI AG. The
registered office moves from
Neckarsulm to Ingolstadt.
52,502
3,388
596
September 1, 1985
Series production of the Santana
begins in China.
June 18, 1986
Volkswagen AG acquires
51 percent of the capital stock of
SEAT and increases its share to
75 percent by the end of the year.
January 1988
The Corrado sport coup goes
into series production.
August 24, 1988
A licence agreement for the
production of the Audi 100 in
China is signed with First
Automobile Works in
Changchun.
Autumn 1989
Market launch of the Audi 100
TDI, the first Group model with
a turbo direct-injection diesel
engine.
69
1990 1994
February 6, 1991
FAW-Volkswagen Automotive
Company Ltd. is established in
Changchun.
April 16, 1991
Volkswagen AG acquires
SKODA automobilov a.s.,
which is integrated into the
Volkswagen Group as the fourth
brand. The well-respected
traditional Czech company
marketed its first automobiles
in 1905.
June 24, 1991
AutoEuropa Automveis Lda.
is established in Setbal,
Portugal, for the production of
a multi-purpose vehicle (MPV).
January 1, 1993
Ferdinand Pich becomes
Management.
February 18, 1993
AUDI HUNGARIA MOTOR Kft.
registered in Gyr is established
to produce engines.
January 1, 1994
Volkswagen Finanz GmbH
established three years earlier is
renamed Volkswagen Financial
Services AG.
March 1994
Audi presents the Audi A8,
its sporty top-class limousine
featuring the brilliantly
innovative lightweight
aluminum construction.
1990
Vehicle Production
VOLKSWAGEN GROUP

3,057,598
Vehicle Sales
VOLKSWAGEN GROUP
Germany
945,384
Abroad
2,084,795
Total
3,030,179

VOLKSWAGEN GROUP
Group companies
Total
95,934
268,744

VOLKSWAGEN GROUP
Sales
68,061
Investments
5,372
Profit
1,086
70
1995 1999
1995
Vehicle Production
VOLKSWAGEN GROUP

3,408,422
Vehicle Sales
VOLKSWAGEN GROUP
Germany
937,323
Abroad
2,504,623
Total
3,441,946
VOLKSWAGEN GROUP
Group companies
117,147
Total
259,342

VOLKSWAGEN GROUP
Sales
Investments
Profit
November 17, 1995

Volkswagen Argentina S.A.
commissions its new production
plant in Pacheco near Buenos
Aires.
August 1997
At the Wolfsburg site the fourth
Golf generation goes into
production.
December 1997
Volkswagen de Mxico starts
production of the New Beetle.

July 4, 1995
The Commercial Vehicles
brand is introduced.
88,119
6,863
336
July 1998
Acquisition of Bugatti Inter-
national S.A. Holding and
Bentley Motor Cars Ltd.,
whose automobile tradition
goes back as far as 1919.
September 1998
AUDI AG acquires the Italian
sports car manufacturer
Lamborghini S.p.A.
July 1999
Volkswagen makes automobile
history with the start of the Lupo
3L TDI, the worlds first standard
production 3-liter vehicle.
December 23, 1999
The assembly company
SKODA Auto India Private Ltd.
is established in Aurangabad.
71
2000 2004
June 1, 2000
The Autostadt opens in
Wolfsburg.
December 11, 2001
The Glserne Manufaktur
is opened in Dresden and
production of the Phaeton
begins.
April 16, 2002
Bernd Pischetsrieder becomes
Management of Volkswagen AG.
August 2002
Series production of the Touareg
begins at Volkswagen Slovakia,
a.s. in Bratislava.
December 2002
Production of the Touran starts
in Wolfsburg. After only six
years, the versatile compact
van boasting high-quality
workmanship already tops
the one million mark.
August 2003
Production of the fifth
generation Golf begins.
2000
Vehicle Production
VOLKSWAGEN GROUP
5,156
(thousands)
Vehicle Sales
VOLKSWAGEN GROUP
Germany (thousands)
1,019
Abroad (thousands)
4,146
Total (thousands)
5,165

VOLKSWAGEN GROUP
Employees in foreign Group
companies (thousands) 160.3

Total (thousands)
324.4
Financial Data (million )

VOLKSWAGEN GROUP
Sales
81,835
Investments
14,563
Profit
2,614
72
2005
2005
Vehicle Production
VOLKSWAGEN GROUP
5,219
(thousands)
Vehicle Sales
VOLKSWAGEN GROUP
Germany (thousands)
1,019
Abroad (thousands)
4,174
Total (thousands)
5,193

VOLKSWAGEN GROUP
companies (thousands)
166
Total (thousands)
345

VOLKSWAGEN GROUP
Sales
93,996
Investments
10,365
Profit
1,050
March 11, 2005

The sixth generation Passat
limousine is launched, the
successful Passat Estate model
follows on August 19.
May 24, 2005
The one hundred millionth
Volkswagen, a Touran, leaves
the assembly line at the Wolfs
burg plant.
September 15, 2005
The Bugatti Veyron takes to the
road. The technical wonder from
the 1001-hp world in Molsheim,
Alsace, transforms the masterly
engineering craftsmanship
of the automotive visionary
Ettore Bugatti into contempo
rary automotive performance.
September 21, 2005
Production of Volkswagen
Commercial Vehicles new
Constellation truck family
begins in Resende, Brazil. The
seven- to forty-tonne trucks hold
a 33 percent share of the market
in Brazil.
73
2006
March 3, 2006
Series production of the
Roomster, much acclaimed for
its clever space concept, starts at
the SKODA plant in Kvasiny.
March 10, 2006
Market launch of the Audi Q7
luxury SUV; 52,750 vehicles had
already been sold by the end of
the year.
2006
Vehicle Production
VOLKSWAGEN GROUP
5,660
(thousands)
Vehicle Sales
VOLKSWAGEN GROUP
Germany (thousands)
1,093
Abroad (thousands)
4,627
May 19, 2006

The Volkswagen Eos, the new
convertible-coup, is launched
on the German market.
Total (thousands)
5,720
October 3, 2006
Volkswagen acquires an initial
15.06 percent stake in MAN
Aktiengesellschaft.
VOLKSWAGEN GROUP
November 1, 2006
The collective bargaining agree
ment between Volkswagen AG
and IG Metall providing for a
working time corridor with a
ceiling of 34 hours comes into
force. At the same time, produc
tion volumes are agreed for the
six traditional plants in order to
improve capacity utilization and
safeguard jobs.
December 1, 2006
Volkswagen Financial Services
takes over the processing of
motor vehicle third-party
liability claims with a view to
improving repair quality by inte
grating the Groups authorized
workshops and safeguarding
customer-friendly c laims pro
cessing.

155
Total (thousands)
329

VOLKSWAGEN GROUP
Sales
Investments
Profit
104,875
11,911
1,955
74
2007
2007
6,213
January 1, 2007
Dr. Martin Winterkorn becomes
Management of Volkswagen AG.
1,030
March 23, 2007

The 25 millionth Golf, a Golf
Sportline 1.4 TSI, leaves the
assembly line at the Wolfsburg
plant.
Vehicle Production
VOLKSWAGEN GROUP
(thousands)
Vehicle Sales
VOLKSWAGEN GROUP
Germany (thousands)
Abroad (thousands)
5,162
Total (thousands)
6,192

VOLKSWAGEN GROUP
154
Total (thousands)
329

VOLKSWAGEN GROUP
Sales
Investments
Profit
108,897
13,497
4,122
July 9, 2007
The Autostadt in Wolfsburg
delivers its one millionth
vehicle.
August 2007
Series production of the Tiguan
compact SUV characterized
by versatility, high-quality
craftsmanship and technical
innovations such as the electromechanical steering system
October 5 - 7, 2007
International VW Bus Meeting
in Hanover to celebrate
60 Years of the Bulli.
November 9, 2007
The 15 millionth Passat to be
built worldwide leaves the
assembly line at the Emden
plant.
December 5, 2007
Volkswagen unveils the New
Small Family, presenting three
versions of the up! concept car
at the Bologna Motor Show.
75
2008
March 3, 2008
Volkswagen increases its capital
interest in Scania to 37.73
percent and its share of the
voting rights to 68.60 percent.
The Swedish truck manufacturer
founded in 1891 is integrated in
the Group as the ninth brand.
April 18, 2008
Shanghai Volkswagen opens
its fourth production plant with
an annual capacity of 60,000
vehicles in Nanjing.
2008
Vehicle Production
VOLKSWAGEN GROUP
6,347
(thousands)
Vehicle Sales
VOLKSWAGEN GROUP
Germany (thousands)
1,013
Abroad (thousands)
5,259
Total (thousands)
6,272
August 16, 2008

Bugatti presents the Veyron
16.4 Grand Sport, a super sports
roadster.
179
September 2008
Volkswagen presents the sixth
generation of the Golf.
Total (thousands)
370
October 30, 2008

By setting up a subsidiary
in China, Lamborghini
strengthens its commitment
to developing strategic growth
markets.
December 15, 2008
Volkswagen sells its heavy
truck business in Brazil to
MAN Aktiengesellschaft.
December 16, 2008
KODA opens a new Technology
Center in Mlad Boleslav, thus
expanding its competence in
passenger car development.
VOLKSWAGEN GROUP

VOLKSWAGEN GROUP
Sales
Investments
Profit
113,808
19,710
4,688
76
2009
2009
Vehicle Production
VOLKSWAGEN GROUP
6,055
(thousands)
Vehicle Sales
VOLKSWAGEN GROUP
Germany (thousands)
1,288
Abroad (thousands)
5,022
Total (thousands)
6,310

VOLKSWAGEN GROUP
194
Total (thousands)
367

VOLKSWAGEN GROUP
Sales
Investments
Profit
105,187
10,428
911
January 18, 2009

Volkswagen writes motorsport
history with the Race Touareg:
a double victory for the brand
and the first win by a diesel in
the automobile category at the
Dakar Rally across Argentina
and Chile.
March 31, 2009
The new plant with an annual
production capacity of up to
110,000 vehicles opens in the
Indian city of Pune.
May 11, 2009
Press presentation of the new
Polo: the new model is in a class
of its own when it comes to
quality, workmanship, safety
and efficiency. So it is hardly
surprising that the vehicle wins
many awards, including Car of
the Year 2010.
May 23, 2009
VfL Wolfsburg soccer club
becomes German champion for
the very first time: the success of
this particular brand ambassa
dor delights fans both far and
near.
September 15, 2009

Volkswagen presents its
automotive update on the
future with the near-production
prototype of the sensational
1-liter car, the L1, at the
Frankfurt Motor Show.
October 20, 2009
At an inauguration ceremony
attended by Russias Prime
Minister Putin, the production
plant in Kaluga, Russia, designed
for an annual capacity of up to
150,000 units which began
vehicle assembly in November
2007 starts full production with
its own body shop, paint shop
and assembly lines.
October 29, 2009
The Group Board of Manage
ment, the International Metal
workers Federation and
Volkswagen employee represen
tatives agree binding minimum
standards regarding in-house
participation rights for demo
cratically elected labour repre
sentatives in the Charter on
Labour Relations.
December 7, 2009
Volkswagen AG takes a 49.9
percent participation in
Dr.-Ing. h.c. F. Porsche AG,
a milestone on the path towards
an integrated automotive group.
77
78
2010
2010
Vehicle Production
VOLKSWAGEN GROUP
7,358
(thousands)
Vehicle Sales
VOLKSWAGEN GROUP
Germany (thousands)
1,059
Abroad (thousands)
6,219
Total (thousands)
7,278

VOLKSWAGEN GROUP
210
Total (thousands)
389

VOLKSWAGEN GROUP
Sales
126,875
Investments
9,278
Profit
7,226
February 27, 2010

Start of the Think Blue. image
and marketing campaign, which
is an expression of responsible
corporate behavior to achieve
efficient and sustainable
mobility for everyone.
March 2, 2010
Volkswagen enters the pickup
segment with the debut of the
European version of the Amarok
at the Geneva Motor Show. The
American version unveiled in
Argentina a month earlier aims
to score in the classic pickup
regions with emission levels that
are lower than those of other
pickups.
April 14, 2010
The issue of 65 million preferred
bearer shares increases the
share capital of Volkswagen AG
by a nominal 166.2 million.
The worlds largest capital
increase in the automotive
sector raised by a public offering
generates net proceeds of
approximately 4.1 billion.
May 3, 2010
The Golf blue-e-motion concept
car, an all-electric version of the
most successful Volkswagen
model, is presented as part of
the National Platform for
Electric Mobility initiated by
German Chancellor Angela
Merkel.
May 11, 2010
Production of the 7-speed dual
clutch transmission (DSG)
begins at Volkswagen Auto
matic Transmission Co. in
Dalian, China. In the first phase,
the plant will produce 300,000
units per year and the capacity
will be doubled in the medium
term.
July 20, 2010
The new, generously redimensioned Jetta debuts at the international driving presentation in
San Francisco as a sporty, avantgarde and yet fuel-efficient
sedan.
79
August 9, 2010
The Volkswagen Group
acquires a 90.1 percent stake
in Italdesign Giugiaro S.p.A,
Turin, Italy, having already
made an announcement on May
25, 2010, that the famous design
company is to be integrated in
the Group. Italdesigns development center, whose order
books are well filled, takes on
numerous tasks in connection
with the Volkswagen Groups
ongoing model initiative.
September 30, 2010
The seventh generation of the
Passat makes its world premiere
in Paris. The sedan and the
station wagon highlight the
quality and precision of the
Volkswagen model series with
their pure lines, clearly
structured surfaces and dynamic
proportions coupled with topclass features.
December 21, 2010
As part of its 2018 growth
strategy, Volkswagen signs an
agreement with DRB Hicom in
Kuala Lumpur concerning local
vehicle assembly with a view to
developing the Malaysian auto
motive market.
80
2011
2011
Vehicle Production
VOLKSWAGEN GROUP
8,494
(thousands)
Vehicle Sales
VOLKSWAGEN GROUP
Germany (thousands)
1,211
Abroad (thousands)
7,150
Total (thousands)
8,361

VOLKSWAGEN GROUP
258
Total (thousands)
454

VOLKSWAGEN GROUP
Sales
159,337
Investments
16,002
Profit
15,799
January 2, 2011
The Supervisory Board of
Volkswagen AG extends the con
tract of Board of Management
Chairman Prof. Dr. Martin Win
terkorn by a further five years
until the end of 2016.
January 28, 2011
The foundation stone for a new
engine plant in Silao, Mexico,
is laid. Designed for an annual
capacity of 330,000 engines, the
plant will support the growth
strategy in Mexico and the USA.
March 1, 2011
Volkswagen AG acquires the
highly-profitable automobile
trading business of Porsche
Holding Salzburg. In the 2010
calendar year, unit sales of
565,000 new and used vehicles
in Austria, Western and Southern
Europe and China generated
sales revenue in excess of 12
billion. The company employs
some 20,900 people.
March 17, 2011
Volkswagen Osnabrck starts
production of the new Golf
Cabriolet which made its public
debut at the Geneva Motor Show.
The four-seater has a stylish soft
top roof and its electro-hydraulic
drive mechanism is a standard
feature. The car embodies the
highest levels of quality and safe
ty. Thanks to BlueMotion Tech
nology, fuel consumption of the
Golf Cabriolet 1.6 TDI is just
4.4 l/100 km. The Osnabrck

plant with a total annual capacity
of 100,000 vehicles is also
gearing up to manufacture the
Porsche Boxster and Cayman
models.
April 18, 2011
The 21st Century Beetle the
third generation of the Volks
wagen icon debuts in New
York, Berlin and Shanghai. Even
closer to the original, the car is
bolder, more dynamic, more
masculine.
May 24, 2011
After a construction period
of roughly two years, the new
Volkswagen plant in Chatta
nooga/Tennessee, USA, with a
design production capacity of
150,000 vehicles per year is in
augurated. The plant builds the
US Passat specially developed for
the North American market and
available at an entry-level price
of under US$20,000. Both the
plant and the midsize sedan play
a key role in the plans to boost
sales in the USA.
81
June 28, 2011

The Chinese government
approves the construction of two
automobile plants, each with
an annual capacity of 300,000
vehicles, to be built by Volkswagen
and its joint venture partners
one at Yizheng, eastern China,
with Shanghai Volkswagen,
and the other at Foshan,
southern China, with FAW-
Volkswagen.
September 15, 2011
up! fever comes to the IAA.
Volkswagens four-seater,
3.54 m long city specialist comes
with ESP as standard equipment
and an optional City Emergency
Braking function. The car can
be equipped with a choice of
engines two gasoline and one
natural gas. Thanks to Blue
Motion Technology it only
consumes 4.2 l/100 km. In
Germany, the up! immediately
garnered first place in its class in
registration statistics.
November 9, 2011
Volkswagen AG announces it
holds 55.90 percent of the voting
rights and 57.33 percent of the
share c apital of MAN SE.
By completing the acquisition
of the majority shareholding,
Volkswagen is moving a key step
closer towards realizing its goal
of an integrated commercial
vehicle group consisting of MAN,
Scania and Volkswagen
Commercial Vehicles.
82
2012
2012
Vehicle Production
VOLKSWAGEN GROUP
9,255
(thousands)
Vehicle Sales
VOLKSWAGEN GROUP
Germany (thousands)
1,207
Abroad (thousands)
8,137
Total (thousands)
9,345

VOLKSWAGEN GROUP
296
Total (thousands)
533

VOLKSWAGEN GROUP
Sales
192,676
Investments
16,840
Profit
21,884
March 2012
Production of the Audi A3 marks
the beginning of the modular
transverse toolkit (MQB) era in
the Volkswagen Group.
April 23, 2012
The New Lavida, Shanghai
Volkswagens A segment sedan,
debuts at Auto China.
June 6, 2012
Volkswagen AG increases its
share of the voting rights in
MAN SE to 75.03 percent, thus
taking the next step on the way
to the integrated commercial
vehicles group. Alongside Scania
and Volkswagen Commercial
Vehicles, MAN becomes an
independent Group brand
forming part of the Volkswagen
Groups Commercial Vehicles
function.
July 19, 2012
AUDI AG acquires a 100 per
cent share in the motorcycle
manufacturer Ducati Motor
Holding S.p.A., Bologna (Italy),
via its subsidiary Automobili
Lamborghini S.p.A. The
Volkswagen Group thus wel
comes the sporty motorcycle
brand under its roof.
July 26, 2012
After a construction period of
two years, Shanghai Volkswagen
opens its new plant in Yizheng,
Eastern China, designed for an
annual production capacity of
300,000vehicles and with a
workforce of 3,700.
83
August 1, 2012
Porsche SE contributes its in
direct 50.1 percent holding in
Porsche AG to Volkswagen
AG, creating the integrated
automotive group between
Volkswagen and Porsche.
Volkswagen thus holds 100 per
cent of the shares of PorscheAG,
which retains its own identity as
a Group brand, via an inter
mediate holding company.
September 1, 2012
Under its Strategy 2018,
Volkswagen makes an extensive
structural and management
realignment. In view of the eco
nomic significance of the sales
market in China, a new Board of
Management function for
China is set up, headed by
Prof. Dr. Jochem Heizmann,
former Group Board of Manage
ment Member with responsibili
ty for Commercial Vehicles.
Leif stling, CEO of Scania until
August 31, 2012, joins the Group
Board of Management and
assumes responsibility for the
further structuring of the ex
tended commercial vehicles
business, paving the way for
the MAN, Scania and Volkswagen
Commercial Vehicles brands to
leverage synergies and jointly
harness growth potential.
September 4, 2012
The seventh generation Golf
celebrates its world premiere
in Berlin. The car is launched
on the German market on
November 7.
October 30, 2012
The new Santana produced by
Shanghai Volkswagen makes
its world debut in Wolfsburg,
where the first generation of the
vehicle was launched 31 years
ago, before the model continued
on its success trajectory in China
post-1982, selling almost four
million units.
November 28, 2012
With the Jetta Hybrid which
made its debut in Los Angeles,
Volkswagen is putting one of the
worlds most efficient vehicles
on the road. The saloon drives in
pure electric mode at the push of
a button.
November 30, 2012
The Group Board of Manage
ment and employee representatives of Volkswagen AG and the
international trade union
federation IndustriAll Global
Union sign a Temporary Work
Charter for the Volkswagen
Group in Munich. The charter
lays down the principles for the
use of temporary work and
appropriate employment and
remuneration conditions.
84
2013
2013
Vehicle Production
VOLKSWAGEN GROUP
9,728
(thousands)
Vehicle Sales
VOLKSWAGEN GROUP
Germany (thousands)
1,187
Abroad (thousands)
8,541
Total (thousands)
9,728

VOLKSWAGEN GROUP
308
Total (thousands)
563

VOLKSWAGEN GROUP
Sales
Investments
Profit
197,007
14,936
9,145
January 16, 2013

The engine plant in Silao,
central Mexico, starts operating.
This is the Groups 100th factory,
and supplies Volkswagens North
American vehicle plants in
Puebla and Chattanooga with
modern and fuel-efficient EA888
TSI engines.
June 6, 2013
The Golf GTD built in Wolfsburg
puts on an impressive per
formance at its press presenta
tion: The newcomer moves fast,
with a top speed of 230km/h,
but at the same time it is ex
tremely economical, with a
combined fuel consumption
of a mere 4.2 l/100 km.
June 21, 2013
Volkswagen and the Philippine
company Ayala Automobile
Central Enterprise, Inc. sign
an importeur agreement for the
brand. Volkswagen and the Ayala
Group will cooperate to roll out
several models at dealerships
and extend the service network
with a view to expanding com
mitment in the ASEAN region.
85
August 16, 2013

The new FAW Engine (Dalian)
Co., Ltd. plant is commissioned
in Changchun. Initially, the
1.8-liter and 2.0-liter EA888
engines, the first engines built in
China to meet the Euro 6 emis
sions standard, will be manu
factured at the 94,000 m2 plant.
From mid-2014, the plant will
have an annual production
capacity of 450,000 engines
which will be installed in
and Audi models.
taking zero-emission drivetrains

to large-volume production and
offers all relevant drives for its
models.
August 29, 2013

The inauguration of the Urumqi
vehicle plant in the Xinjiang
region in Western China under
scores the growth trajectory on
the Chinese market. The factory
begins production with the SKD
(semi-knocked down) assembly
of the Volkswagen Santana.
Once the plants own paint shop
and body shop begin operating
in 2014, the factory will produce
up to 50,000 vehicles per year.
October 22, 2013

The European Court of Justice
rules that the VW Law as
amended in 2007 is compatible
with EU legislation. The Articles
of Association of Volkswagen AG
also specifya majority of 80 per
cent for adopting resolutions
submitted to the General
Meeting of Volkswagen AG.
September 9, 2013
The e-Golf and e-up! electrify
visitors at the International
Motor Show (IAA). All-electric
mobility is now combined with
the high quality and functionali
ty typical of the Golf. The Volks
wagen e-up! is the world cham
pion in efficiency among allelectric cars. Volkswagen is thus
September 25, 2013

The new Golf begins leaving
the assembly line in Foshan,
Southern China. The FAW-
Volkswagen factory ranks as
one of the most environmentallyfriendly car manufacturing
plants in China; almost 100% of
the plants wastewater is reused
and solar panels generate some
of the electricity.
October 24, 2013

Production of the KODA Superb
gets underway at the plant in
Ningbo, South Eastern China.
The Shanghai Volkswagen
plant has an annual production
capacity of 300,000 Volkswagen
Passenger Cars and KODA
models and production will
soon be based on the Modular
Transverse Toolkit.
86
2014
2014
Vehicle Production
VOLKSWAGEN GROUP
10,213
(thousands)
Vehicle Sales
VOLKSWAGEN GROUP
Germany (thousands)
1,247
Abroad (thousands)
8,970
Total (thousands)
10,217

VOLKSWAGEN GROUP
318
Total (thousands)
583

VOLKSWAGEN GROUP
Sales
202,458
Investments
16,452
Profit
11,068
June 19, 2014

A new competence center
bundling the Groups electrical
and electronic development
activities in the key areas of
electro-mobility and vehicle
connectivity opens on the
E-Campus. The futuristic eightstory building symbolizes the
quest to develop deeper ex
pertise in digital networking,
infotainment and driver-
assistance systems of the future.
July 3, 2014
The new Passat celebrates
its world premiere at the
Volkswagen Design Center in
Potsdam. Its proportions are
significantly more dynamic,
with a lower body, longer wheel
base and larger wheels.
July 7, 2014
The Volkswagen Group and its
Chinese joint venture partner
First Automobile Works agree
to expand production capacity.
Two billion euros is to be in
vested in two new vehicle plants
to be built on the East coast of
China in the cities of Qingdao in
Shandong Province and Tianjin.
July 14, 2014
The Board of Directors of
Volkswagen Group America
announces its decision to build
Volkswagens new midsize SUV
in Chattanooga. Production of
the new vehicle which targets
the growing SUV market will
start at the end of 2016.
July 14, 2014

Due to high demand the Porsche
Cayenne will also be assembled
at Volkswagens Osnabrck
plant from summer 2015.
20,000 models will be built
there each year following a
25 million euro investment.
October 10, 2014
The Volkswagen Group and its
Chinese partner First Auto
motive Works extend their joint
venture agreement for a further
25 years until 2041, expanding
their successful activities in
China on a long-term basis.
At the same time, an agreement
is concluded with SAIC Motor
Corporation to build a new
proving ground in the vicinity
of the Urumqi plant opened in
2013 to test models from the
Shanghai Volkswagen joint
venture.
November 4, 2014
Production of the DQ380 dualclutch gearbox begins at the
Tianjin components plant.
Initially, the plant in North
China will have an annual
production capacity of 450,000
units, which will be increased
to 1.2 million units by 2016.
November 13, 2014
The foundation stone for the
plant in Wrzesnia, Poland, to
be opened by Volkswagen
Commercial Vehicles in 2016
87
is laid. The new plant, which

will have an annual production
capacity of 100,000 vehicles,
has a modern paint shop, halls
for body assembly and vehicle
assembly as well as a supplier
park, and will build the next
generation of the Volkswagen
Crafter.
December 5, 2014
Volkswagen adds its first plug-in
hybrid model to its product
offering with the launch of the
Golf GTE, powered by a 110 kW/
150 PS turbocharged petrol
direct-injection engine (1.4 TSI)
and an electric motor with a
power output of 75 kW/102 PS.
The Golf GTE has a total range
of 940 km and an all-electric
driving range of 50 km.
88
TH E MODE L RA NGE OF TH E VOL KSWAG EN G ROU P
V O L K S W A G E N ( www.volkswagen.com)
XL1
up!
eco up!
e-up!
cross up!
Fox (South America)
SpaceFox (South America)
CrossFox (South America)

December 31, 2014
TH E MODE L RA NGE O F TH E VOL KSWAG EN G ROU P
89
Space Cross (South America)
Polo
Polo BlueMotion
Polo BlueGT
Polo GTI
Cross Polo
Polo G (India)
Polo Sedan (Russia)

December 31, 2014
90
Polo Vivo (South Africa)
Polo Vivo Sedan (South Africa)
Gol (South America)
Gol 16 V (South America)
Voyage (South America)
Golf
Golf TDI BlueMotion
Golf TGI BlueMotion

December 31, 2014
91
Golf GTI
Golf GTD
Golf R
e-Golf
Golf GTE
Golf Cabriolet
Golf GTI Cabriolet
Golf R Cabriolet
December 31, 2014
92
Golf Estate
Golf Estate TDI BlueMotion
Golf Sportsvan
Golf Sportsvan TDI BlueMotion
Jetta
Jetta Hybrid (North America)
Jetta SportWagen (North America)
New Jetta (China)

December 31, 2014
93
New Bora (China)
The Beetle
The Beetle Cabriolet
Eos
Scirocco
Scirocco R
Passat
Passat (North America)

December 31, 2014
94
Passat Estate
CC
CC BlueTDI
New Lavida (China)
Gran Lavida (China)
New Magotan (China)
Santana (China)
Lamando (China)
December 31, 2014
95
Touran
CrossTouran
Touran TGI BlueMotion
Sharan
Phaeton
Phaeton (LWB)
Tiguan
Tiguan (LWB-China)
December 31, 2014
96
Touareg
Touareg Hybrid
December 31, 2014
97
A U D I ( www.audi.com)
A1
A1 Sportback
S1
S1 Sportback
A3
A3 Sedan
A3 Sportback
A3 Sportback g-tron
December 31, 2014
98
A3 Sportback e-tron
A3 Cabriolet
S3
S3 Sedan
S3 Sportback
S3 Cabriolet
A4 Sedan
A4 Avant
December 31, 2014
99
A4 allroad quattro
A4 L (China)
S4 Sedan
S4 Avant
RS 4 Avant
A5 Coup
A5 Sportback
A5 Cabriolet
December 31, 2014
100 TH E MODE L RA NGE OF TH E VOL KSWAG EN G ROU P
S5 Coup
S5 Sportback
S5 Cabriolet
RS 5 Coup
RS 5 Cabriolet
A6 Sedan
A6 Avant
A6 allroad quattro
December 31, 2014
101
A6 L (China)
S6 Sedan
S6 Avant
RS 6 Avant
A7 Sportback
S7 Sportback
RS 7 Sportback
A8
December 31, 2014
A8 L
A8 L W12
A8 hybrid
A8 L hybrid
S8
Q3
RS Q3
Q5
December 31, 2014
103
SQ5
Q5 hybrid quattro
Q7
TT Coup
R8 Coup
R8 Spyder
December 31, 2014
S E AT ( www.seat.com)
Mii
Mii ECOMOTIVE
Mii ECOFUEL
Ibiza
Ibiza ECOMOTIVE
Ibiza SC
Ibiza SC ECOMOTIVE
Ibiza SC CUPRA
December 31, 2014
105
Ibiza ST
Ibiza ST ECOMOTIVE
Len
Len ECOMOTIVE
Len TGI
Len CUPRA
Len SC
Len SC ECOMOTIVE
December 31, 2014
Len SC CUPRA
Len ST
Len ST ECOMOTIVE
Len ST TGI
Len X-PERIENCE
Toledo
Toledo ECOMOTIVE
Altea
December 31, 2014
107
Altea ECOMOTIVE
Altea XL
Altea XL ECOMOTIVE
Alhambra
Alhambra ECOMOTIVE
December 31, 2014
K O D A ( www.skoda-auto.com)
Citigo
Citigo G-TEC
Citigo Monte Carlo
Fabia
Fabia Combi
Rapid (EU)
Rapid (India)
Rapid (China)
December 31, 2014
109
Rapid GreenLine
Rapid Spaceback
Rapid Spaceback GreenLine
Rapid Spaceback Monte Carlo
Octavia
Octavia RS
Octavia GreenLine
Octavia G-TEC
December 31, 2014
Octavia Combi
Octavia Combi RS
Octavia Combi GreenLine
Octavia Combi G-TEC
Octavia Scout
Superb
Superb GreenLine
Superb Combi
December 31, 2014
111
Superb Combi GreenLine
Roomster
Roomster Scout
Roomster GreenLine
Praktik
Yeti
Yeti Outdoor
Yeti GreenLine
December 31, 2014
Yeti Monte Carlo
Yeti (LWB-China)
December 31, 2014
113
B E N T L E Y ( www.bentleymotors.com)
Bentley Continental GT V8
Bentley Continental GT V8
Convertible
Bentley Continental GT V8 S
Bentley Continental GT V8 S
Convertible
Bentley Continental GT
Bentley Continental GT Convertible
Bentley Continental GT Speed
Bentley Continental GT Speed

Convertible
December 31, 2014
B E N T L E Y ( www.bentleymotors.com)
Bentley Continental GT3-R
Bentley Flying Spur V8
Bentley Flying Spur W12
Bentley Mulsanne
Bentley Mulsanne Speed
December 31, 2014
115
B U G AT T I ( www.bugatti.com)
Bugatti Veyron 16.4

Grand Sport Vitesse
L A M B O R G H I N I ( www.lamborghini.com)
Huracn LP 610-4 Coup
Aventador LP 700-4 Coup
Aventador LP 700-4 Roadster

December 31, 2014
P O R S C H E ( www.porsche.com)
Boxster
Boxster GTS
Cayman
Cayman GTS
911 Carrera
911 Carrera Cabriolet
911 Carrera 4
911 Carrera 4 Cabriolet

December 31, 2014
117
911 Carrera GTS
911 Carrera GTS Cabriolet
911 Carrera 4 GTS
911 Carrera 4 GTS Cabriolet
911 Turbo
911 Turbo Cabriolet
911 GT3
911 Targa 4
December 31, 2014
Macan
Macan Turbo
Cayenne
Cayenne S E-Hybrid
Cayenne GTS
Cayenne Turbo
Panamera
Panamera S E-Hybrid
December 31, 2014
119
Panamera Turbo Executive
Panamera 4
Panamera GTS
Panamera Turbo
Panamera S Executive (China)
Panamera Sport Edition (China)
918 Spyder
December 31, 2014
D U C AT I ( www.ducati.com)
Scrambler Icon
Diavel
Diavel Carbon
Hypermotard
Hypermotard SP
Hyperstrada
Monster 821
Monster 1200
December 31, 2014
121
Monster 1200 S
Multistrada 1200
Multistrada 1200 S
Multistrada 1200 S D|air
Streetfighter 848
899 Panigale
1299 Panigale
1299 Panigale S
December 31, 2014
Panigale R
December 31, 2014
123
VO L K SWA G E N CO M M E R C I A L V E H I C L E S *
Caddy Kombi
Caddy Kombi EcoFuel
Caddy Kombi BiFuel
Caddy Kombi BlueMotion
Caddy Tramper
Caddy Delivery Van
Caddy Delivery Van Cross
Caddy Delivery Van EcoFuel
* www.volkswagen-commercial-vehicles.com
December 31, 2014
Caddy Delivery Van BiFuel
Caddy Delivery Van BlueMotion
Caddy Maxi Kombi
Caddy Maxi Kombi EcoFuel
Caddy Maxi Kombi BiFuel
Caddy Maxi Delivery Van
Caddy Maxi Delivery Van EcoFuel
Caddy Maxi Delivery Van BiFuel
December 31, 2014
125
Caddy Maxi Tramper
Saveiro (South America)
Saveiro Cross (South America)
Amarok Single Cab
Amarok Double Cab
Multivan
Multivan BlueMotion
Multivan PanAmericana
December 31, 2014
Multivan Business
Multivan (LWB)
California Beach
California Comfortline
Rockton
Caravelle
Caravelle (LWB)
Transporter Delivery Van
December 31, 2014
127
Transporter Delivery Van

BlueMotion
Transporter Delivery Van (LWB)
Transporter Shuttle
Transporter Shuttle (LWB)
Transporter Single Cab

Chassis
Transporter Single Cab

Chassis (LWB)
Transporter Double Cab

Chassis (LWB)
Crafter Delivery Van
December 31, 2014
Crafter Delivery Van BlueMotion
Crafter Delivery Van (MWB)
Crafter Delivery Van (LWB)
Crafter Kombi
Crafter Kombi BlueMotion
Crafter Kombi (MWB)
Crafter Kombi (LWB)
Crafter Single Cab Chassis
December 31, 2014
129
Crafter Single Cab

Chassis (MWB)
Crafter Single Cab

Chassis (LWB)
Crafter Double Cab

Chassis
Crafter Double Cab

Chassis (MWB)
Crafter Double Cab

Chassis (LWB)
December 31, 2014
S C A N I A * (www.scania.com)
V8 Truck Range
Long-haulage Trucks
Construction Trucks
Distribution Trucks
Special-purpose Trucks
Coaches
Intercity Buses
City Buses
* The Scania products on this page represent different segments.

There is an abundance of different customer specifications for each segment.
December 31, 2014

2013
131
M A N (www.man.eu)
MAN TGX (MAN Truck & Bus)
MAN TGS (MAN Truck & Bus)
MAN TGM (MAN Truck & Bus)
MAN TGL (MAN Truck & Bus)
MAN CLA (MAN Truck & Bus)
Bus Chassis (MAN Truck & Bus)
Lions Coach (MAN Truck & Bus)
Lions Regio (MAN Truck & Bus)

December 31, 2014
M A N (www.man.eu)
Lions City (MAN Truck & Bus)
Lions Explorer
(MAN Truck & Bus)
NEOPLAN Cityliner
(MAN Truck & Bus)
NEOPLAN Tourliner
(MAN Truck & Bus)
NEOPLAN Skyliner
(MAN Truck & Bus)
NEOPLAN Jetliner
(MAN Truck & Bus)
December 31, 2014
133
M A N L AT I N A M E R I C A (www.man-la.com)
Volkswagen Constellation Trucks

(MAN Latin America)
Volkswagen Worker Trucks

(MAN Latin America)
Volkswagen Delivery Trucks

(MAN Latin America)
MAN TGX
(MAN Latin America)
Volksbus
(MAN Latin America)
Volkswagen Special Requests

(MAN Latin America)
December 31, 2014
O T H E R B U S I N E S S F I E L D S (www.man.eu)
Large-bore Diesel Engines

Turnkey Power Plants

Turbochargers
Industrial Steam and Gas Turbines

Compressors
Chemical Reactors
Special Gear Units (Renk)
Testing Systems for the

Mobility Sectors (Renk)
December 31, 2014
135
O T H E R B U S I N E S S F I E L D S (www.scania.com)
Marine Engines (Scania)
Industrial Engines (Scania)
Gensets (Scania)
December 31, 2014
O T H E R B U S I N E S S F I E L D S (www.volkswagenag.com)
Marine Engines (Volkswagen)
Industrial Engines (Volkswagen)
Combined Heat and Power Plants

(Volkswagen)
December 31, 2014
Volkswagen Aktiengesellschaft
Konzern Kommunikation
Brieffach 1972
38436 Wolfsburg
572.802.534.20
Printed in Germany

4 Información General Grupo VW - 2015

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moving

The Navigator 2015

The Volkswagen Group with its headquarters in Wolfsburg is

The Volkswagen Group is also active in other fields of business,

December 31, 2014

Prof. Dr. Dr. h.c. mult. Martin Winterkorn

Chairman, Research and Development

Dr. rer. pol. h.c. Francisco Javier Garcia Sanz

Prof. Dr. rer. pol. Dr.-Ing. E. h. Jochem Heizmann

Sales and Marketing

Chairman of the Board of Management of

Prof. Dr. rer. pol. Horst Neumann

Human Resources and Organization

Hans Dieter Ptsch

Finance and Controlling

Prof. Rupert Stadler

Chairman of the Board of Management of AUDI AG

Hon.-Prof. Dr. techn. h.c.

Dr. Hussain Ali Al-Abdulla

Vehicle sales (units)

Profit before tax

Profit after tax

Cash flows from operating activities

Cash flows from operating activities

attributable to operating activities 4

Cash flows from investing activities

Cash flows from investing activities

as a percentage of sales revenue

capitalized development costs

as a percentage of sales revenue

Net cash flow

Return on equity before tax

(Financial Services Division) 5

Vehicle sales (units)

1) Volume data including the unconsolidated Chinese joint ventures.

the Automotive and Financial Services divisions.

3) Operating profit plus net depreciation/amortization and impairment losses/reversals

of impairment losses on property, plant and equipment, capitalized development costs,

December 31, 2014

Volume Data (thousands)

December 31, 2014

per ordinary share

per preferred share

Share price development 2

Ratio of market capitalization to equity

Equity attributable to Volkswagen AG shareholders

Market capitalization at Dec. 31

Key figures per share

Cash flows from operating activities 5

Price/cash flow ratio 8

Stock exchange turnover 10

Turnover of Volkswagen preferred shares

Volkswagen share of total DAX turnover

6) Based on the total number of ordinary and preferred shares on December 31

PRODUCTION SITES IN GERMANY

December 31, 2014

Steering units, front/rear axles,

(79,483 employees; founded in

shock absorbers/levers, subframes/

1909, in 1965 acquisition of

swivel bearings, battery systems

GmbH; today more than 99 %