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Worldwide I  | 30/07/2009 Global market share increases to 12 percent
Automotive Division reports significantly higher net cash flow
Net liquidity in the Automotive Division exceeds €12 billion
Wolfsburg, July 30, 2009 – In the first half of 2009, the Volkswagen Group extended its global competitive position and strengthened its financial base. In the first six months of the year, Europe’s largest automobile manufacturer delivered 3.1 million (H1 2008: 3.3 million) vehicles worldwide. Although the overall market contracted by around 18 percent, Group deliveries decreased by only 4.4 percent. Consequently, its share of the global passenger car market rose to 12.0 percent (9.9 percent). Sales revenue declined by 9.4 percent to €51.2 billion (€56.5 billion) in the first six months due to volume-related factors. Operating profit amounted to €1.2 billion (€3.4 billion), of which €928 million is attributable to the seasonally strong second quarter. The Group generated profit after tax of €494 million (€2.6 billion).
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Worldwide I | 24/07/2009 Wolfsburg, July 24, 2009 – At its extraordinary meeting today, the Supervisory Board of Volkswagen Aktiengesellschaft endorsed the creation of an integrated automotive group with Porsche under the leadership of Volkswagen. The Volkswagen Board of Management will now begin talks with the newly-nominated representatives of Porsche to jointly draw up a final concept to achieve this goal. At the same time, a comprehensive auditing and assessment process will be initiated as the prerequisite for signing an agreement on the principles relating to the combination of the two companies. |
Worldwide I | 24/07/2009 Group sales and marketing Chief Wittig: “Running to plan, but major effort needed in the second half”
Wolfsburg, July 24, 2009 – The Volkswagen Group extended its global market share in the first six months of 2009. In a difficult economic environment, Europe’s largest automaker increased its share of the world passenger car market from January to June to 12.0 (1st half year 2008: 9.9) percent. |
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