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Latest Press Releases from Volkswagen.
Volkswagen Group generates Euro1.2 billion operating profit in H1 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). |
Volkswagen Group increases global market share in first half yearGroup 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. |
Supervisory Board lays foundation for integrated automotive groupWolfsburg, 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. |
| Volkswagen opens its first Group Logistics Service Facility in IndiaMumbai, July 9, 2009 – With a view to expand its commitment to the Indian market Volkswagen Group today has launched its first Logistics Service Facility which is provided by SkodaAuto India Private Limited at its Aurangabad plant. On the basis of a facility for Skoda spare parts the expansion to a Volkswagen Group facility for the brands Audi, Skoda and Volkswagen has been conceptualized and set up in a record period of 4 months. The total investment of this expansion is of over Rs. 13.6 Crores (2 Million Euros). |
Volkswagen appoints its second dealership in BangaloreAims at widening its customer base in the cityBangalore, June 11 2009 – Volkswagen India today announced the appointment of Volkswagen Palace Cross as its authorized dealer in Bangalore. The announcement came at a time when the company is witnessing an upsurge in demand from across the country and its plant at Chakan, Pune is ready for manufacturing ahead of its schedule. |
Volkswagen Group develops noticeably better also in April than overall marketVolkswagen brand deliveries increase by 1.3 percentWolfsburg, May 19, 2009 – The Volkswagen Group has again developed noticeably better than the global automotive market. In an overall market down by approximately 20 percent, the Group delivered 541,600 vehicles (April 2008: 568,100; -4.7 percent). “With our Group’s attractive model range we have largely been able to buck the trend and are on target with these figures,” Detlef Wittig, Executive Vice President, Group Sales and Marketing, commented in Wolfsburg on Monday. With conditions remaining difficult, the Volkswagen brand even sold more vehicles in April. Compared with the same month in 2008, the core brand delivered 339,500 passenger cars (335,100), a rise of 1.3 percent. |
Volkswagen agrees vehicle assembly in IndonesiaGlobal growth strategy extended to ASEAN regionWolfsburg / Jakarta, May 11, 2009 – Volkswagen AG is expanding its commitment in Southeast Asia as part of its 2018 growth strategy. In cooperation with the Indonesian partner company “Indomobil”, local vehicle assembly operations are to be set up as a first step towards the longterm development of ASEAN markets. An agreement on assembling Volkswagen models in the capital city of Jakarta has already been signed. |
Martin Winterkorn named “Man of the Year 2008” in ParisParis/Wolfsburg – April 23, 2009. Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen AG, was named “Man of the Year 2008” by a jury of 38 representatives from France’s most eminent media in Paris on April 16. |
Volkswagen opens new plant in Pune / IndiaLargest investment by German company to date in Indian growth market – maximum annual production capacity of 110,000 vehicles Wolfsburg / Pune – March 31, 2009. The Governor of Maharashtra State in Western India, Shri. S. C. Jamir, and Prof. Dr. Jochem Heizmann, Member of the Board of Management of Volkswagen Aktiengesellschaft with responsibility for ‘Group Production’, officially opened the new Volkswagen Group’s plant in India on Tuesday in the presence of some 500 international guests. For Volkswagen, the new production facility in Pune is a major stepping stone towards achieving its ambitious growth targets on the Indian subcontinent. Volkswagen Group increases sales revenue and operating profit in 2008Wolfsburg, March 3, 2009 – Volkswagen Aktiengesellschaft today issued an adhoc announcement on its key financial data for the 2008 fiscal year. With a 4.5 percent increase in sales revenue to EUR 113.8 billion, the Group’s operating profit rose by 3.0 percent to EUR 6.3 billion. “We met our target and surpassed our record results for 2007 even though conditions were tougher,” the Chairman of the Board of Management of Volkswagen Aktiengesellschaft, Prof. Dr. Martin Winterkorn, said in Wolfsburg on Monday. |
Castrol India and Volkswagen India in Strategic Partnership
Mumbai, February 25th, 2009 – Castrol India Ltd. and Volkswagen Group Sales India Pvt. Ltd. have entered into a strategic partnership for supply of high performance lubricants. Under the agreement, as Volkswagen’s co-engineering partners, all Volkswagen cars sold in India will be pre-filled with Castrol lubricants. Castrol will also supply best in class engine oils, Castrol Magnatec Professional and Castrol SLX Professional Powerflo LongLife III, for exclusive service fill to all Volkswagen dealers in India. |
Volkswagen Group Wins Accolades at NDTV Car & Bike Award Awards for Audi A4, Skoda Fabia and Volkswagen JettaMumbai, 23rd February 2009 - The Volkswagen Group, once again, walked away with some of the most prestigious awards at the leading Indian automotive show, NDTV Car & Bike Awards 2009, at a glittering award function held in Mumbai on Friday evening. The Audi A4 received the honour for the Premium Car of the Year, the Skoda Fabia won the Active Small Car of the Year and the Volkswagen Jetta bagged the Executive Car of the Year. |
Mumbai International Motor Show 2009 officially opened to the publicCeremony inaugurated by Mr. Uwe Bodendiek, Director Sales and Dealer Networks, Volkswagen India and Sujoy Ghosh, Director The Times of India and The Economic TimesMumbai, January 16th, 2009 – The Mumbai International Motor Show (MIMS) taking place between 15th to 18th January 2009 was officially inaugurated yesterday evening. The inauguration ceremony was presided over by Mr. Uwe Bodendiek, Director Sales and Dealer Networks, Volkswagen India alongwith Sujay Ghosh, Director The Times of India and The Economic Times who took part in the Ribbon Cutting ceremony. |
Volkswagen Group achieves strong growth of nearly 50 percent to around 19,000 vehicles in India in 2008Mumbay, January 16th, 2009 – The Volkswagen Group in India has closed the year 2008 with an impressive achievement. The three brands of the Group – Audi, Skoda and Volkswagen – delivered in total 18,725 vehicles to customers as compared to 12,718 cars sold in 2007, up by 6007 cars, taking the company’s growth to a record of 47 percent. Volkswagen India reaches a milestone-Appoints Volkswagen Pune as 15th Network Partner -Achieves the target of 15 dealerships at the turn of the year 2008 to 2009 Mumbai, January 09th 2009 – Volkswagen India has successfully achieved its target of 15 dealerships in India at the turn of the year 2008 to 2009. The company today announced the appointment of Volkswagen Pune as its authorized dealer in the city. In addition, Volkswagen currently has dealerships in Delhi, NCR, Mumbai, Bangalore, Hyderabad, Chandigarh, Ludhiana, Jaipur, Cochin, Chennai, Ahmedabad, Lucknow, Goa and Kolkata. In its endeavour to have a pan India foot print, Volkswagen is planning to add 25 more dealers to achieve a target of 40 dealerships by end of 2009. Volkswagen Jetta wins the coveted 'Autocar India Executive Car of the Year 2009' AwardMumbai, 8th January 2009 - The Volkswagen Jetta has been tagged the 'Executive Car of the Year 2009' by the most prominent Indian automotive magazine, Autocar India, at a glittering award function held in Mumbai yesterday evening. Over the last two years, the Autocar awards have proved to be the benchmarks for auto excellence in India and are widely recognized as the most trusted word on automobiles for consumers, manufacturers and auto experts alike. As a part of the 2009 Autocar Awards, 16 cars and eight bikes were tested and judged by an eminent jury. Volkswagen India to pass on full benefit of duty reduction to customersPrices of Jetta and Passat slashed by Rs 45,194 to Rs 80,859 Mumbai (India), December 16, 2008 – Volkswagen India has announced a reduction in the prices of its production models Jetta and Passat by Rs 45,194 to Rs 80,859 across all variants. “We are happy to pass on the full benefit of the duty reduction to our valued Indian customers. Going forward it will be our endeavor to support government initiatives aimed at arresting the economic downturn”, said Mr. Joerg Mueller, President and Managing Director Volkswagen Group India. Prices of Jetta and Passat slashed by Rs 45,194 to Rs 80,859
Mumbai (India), December 16, 2008 – Volkswagen India has announced a reduction in the prices of its production models Jetta and Passat by Rs 45,194 to Rs 80,859 across all variants.
“We are happy to pass on the full benefit of the duty reduction to our valued Indian customers. Going forward it will be our endeavor to support government initiatives aimed at arresting the economic downturn”, said Mr. Joerg Mueller, President and Managing Director Volkswagen Group India. “Indian-German Automotive Congress” in WolfsburgFocusing on successful market strategies Wolfsburg, 30th September 2008. “Entrepreneurs wanting to conquer new markets have to carry out production and purchasing activities on site, at least in the medium term", says Prof. Dr Bernd Wilhelm, Spokesman of the Board of Wolfsburg AG. At the “Indian-German Automotive Congress” held in Wolfsburg on 28th October 2008, the focus is on India as one of Asia’s largest and most interesting growth markets for the automotive industry. Key questions at the congress are the current developments of the Indian automotive industry, possibilities for German companies in the Indian automotive market as well as opportunities for bilateral partnerships. Leading speakers from German and Indian companies and associations will share expert knowledge on these topics at the Forum AutoVision organised by the Wolfsburg AG. If you are interested in receiving more information on the congress, please call +49 (0) 5361 – 897 13 50 or check the Internet at www.izb-online.com/kongresse Volkswagen Accelerates Focus on Southern India MarketCochin, September 10th, 2008 – Volkswagen India today announced the appointment of Volkswagen Cochin as its authorized dealer in Cochin. Mr. Joerg Mueller, President and Managing Director, Volkswagen Group-India said, “This partnership is in line with our strategy to extend Volkswagen’s reach in the country. We see a growing demand for our cars and this step is towards a greater pan-India presence and easier accessibility to customers.” |
Volkswagen Unveils the Globally Successful Jetta in IndiaMumbai (India), July 16, 2008. Volkswagen India today announced the launch of one of the brand’s globally successful model, Jetta in India at a spectacular ceremony. The Jetta sedan which is being assembled locally at the Volkswagen Group’s Aurangabad plant will be available in India in three variants and two engines – Jetta 1.6L Petrol engine with a 5-speed manual gearbox and the exceptionally torque-strong 1.9L TDI with a strong turbo-diesel engine and the option of 5-speed manual transmission or 6-speed DSG automatic transmission. The prices ex-showroom Delhi of the Jetta 1.6L Petrol Trendline is Rs 12.97 lakh and the 1.9L Diesel Trendline is Rs 14.22 lakh. The top of the line 1.9L Diesel Comfortline with DSG Automatic transmission is priced at Rs. 16.67 lakh. It will be available in several eye-catching colors like campanella white, red spice, reflex silver, platinum grey and deep black in India. Volkswagen Groups starts second quarter 2008 with anotherWolfsburg, April 21, 2008: The Volkswagen Group started the second quarter of 2008 with another global record: Under increasingly difficult market conditions, Europe’s largest automaker expects to deliver some 550,000 vehicles in April, an increase of 7.0 percent compared with April 2007. As a result, Group deliveries during the first four months of the year will exceed the two million mark for the first time. Volkswagen Group registers impressive sales figures in IndiaMumbai (India), July 14, 2008 – The Volkswagen Group, Europe’s leading automobile manufacturer registered an impressive 69 percent growth in sales in India between January to June 2008, a marked increase over projected figures. The three group brands- Audi, Skoda and Volkswagen together delivered 10,366 cars to customers in India in the last six months as against 6,131 cars sold last year in the corresponding period. In view of the robust sales, the Volkswagen Group has forecasted an annual sales figure of 20,000 cars for the period January to December 2008. |
Christian Klingler appointed to the Board of Management of the Volkswagen Passenger Cars brandWolfsburg, 30th June 2008 – Christian Klingler (39) will be appointed Member of the Board of Management of the Volkswagen Passenger Cars brand as of 1st August. He will be responsible for Sales, Marketing und After Sales. Volkswagen India celebrates World Environment Day at its facility in ChakanMumbai/Pune, June 5, 2008 – Volkswagen India celebrated the 36th observance of World Environment Day through a tree plantation ceremony at its upcoming manufacturing facility at Chakan, Pune. Volkswagen employees planted 250 trees to encourage green surroundings at the facility. Mr. Joerg Mueller, President, Volkswagen India also participated in the initiatives. |
Volkswagen Working on High-Performance Energy StorageDynamic partnership between the Volkswagen Group and Sanyo Wolfsburg, 28. May 2008 – Agreement has been reached on a co-operation which sees Volkswagen joining forces with Sanyo, one of the world’s leading developers of rechargeable batteries, to work on new and extremely efficient high-performance storage systems based on lithium-ion technology. Volkswagen Zooms Into the Fast Lane; Expands Dealership Network Appoints “Genuss Motors” and “Prestige Motors” as its network partner in Chandigarh and Ludhiana respectivelyChandigarh, May 4, 2008: Volkswagen India today announced the appointment of Genuss Motors and Prestige Motors as its authorized dealers in Chandigarh and Ludhiana respectively. Mr. Joerg Mueller, Volkswagen Group Representative for India and President of Volkswagen India as well as the Volkswagen National Sales Company, said: “The partnerships are in line with our strategy to extend Volkswagen’s reach in the country. Volkswagen zooms into the fast lane; expands dealership network by appointing “Orion Motors” as its network partner in HyderabadHyderabad, April 29, 2008: Volkswagen India today announced the appointment of Orion Motors as its authorized dealer in Hyderabad. Mr. Joerg Mueller, Volkswagen Group Representative for India and President of Volkswagen India as well as of the Volkswagen National Sales Company, said: “The partnership is in line with our strategy to extend Volkswagen’s reach in the country. Volkswagen posts substantial rise in first quarter profitWolfsburg, April 23, 2008: Volkswagen Aktiengesellschaft posted a substantial rise in operating profit for the first three months of the current 2008 financial year. The increase of approximately 21 percent brought operating profit to EURO 1.3 billion. | Indian delegation visits Volkswagen in WolfsburgWolfsburg, January 29, 2008: The Chief Minister of the Indian state of Maharashtra, Shri Vilasrao Deshmukh, visited Volkswagen in Wolfsburg on January 27 accompanied by a delegation. |
Volkswagen Group sets new historic record with just under 6.2 million vehicles delivered worldwide in 2007Wolfsburg/Detroit, January 13, 2008: The Volkswagen Group delivered over 6 million vehicles to customers for the first time ever last year. The Group sold 6.189 million vehicles worldwide, increasing deliveries year-on-year by 7.9 percent. “Vehicle sales in excess of 6 million represent an important milestone for us. I am convinced our great cars, attractive prices and further models will help us to beat the record yet again this year,” Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, commented. Winterkorn thanked customers all over the world for their confidence in vehicles built by the Group’s eight brands. | Ratan Tata visits Volkswagen in IndiaNew Delhi, January 11, 2008: Ratan Tata, Chairman, Tata Motors visits the Volkswagen pavilion at the Auto Expo 2008 in New Delhi. |
| Rahul Gandhi visits Volkswagen in IndiaNew Delhi, January 9, 2008: A visit from a member of India’s most famous political family caused quite a stir at the Auto Expo today. Rahul Gandhi showed a special interest in Volkswagen products during his tour of the exhibition. |
| Large lineup in New Delhi: Volkswagen presents ten India premieres at Auto Expo 2008Wolfsburg/New Delhi, January 9, 2008: Dr. Ulrich Hackenberg, Member of the Board of Management of Volkswagen Brand with responsibility for ‘Development’, presents the UP! concept car at the Volkswagen press conference of the Auto Expo 2008 in New Delhi. |
| Volkswagen unveils the Passat - its first locally assembled modelMumbai, September 5, 2007: Volkswagen, Europe’s largest car maker today announced the launch of the brand in India with the unveiling of its first locally assembled Passat Sedan. |
Volkswagen Launches India WebsiteMumbai, August 08, 2007: Volkswagen today announced the launch of its all new Indian website as a part of strengthening its Indian operations. The Volkswagen Group recently set up a new sales company called Volkswagen Group Sales India Private Limited in Mumbai to focus on the Indian market. Volkswagen Group establishes sales company in IndiaMumbai, July 3, 2007: The Volkswagen Group, Europe’s largest automobile manufacturer, is further strengthening its Indian operations by setting up a new company called Volkswagen Group Sales India Private Limited in Mumbai. |
Volkswagen held its 1st Suppliers Conference in IndiaMumbai, June 7, 2007: Volkswagen hosted its 1st Suppliers Conference in Mumbai, India. About 250 suppliers from India and abroad followed the invitation to a one-day meeting with members of the Volkswagen Group. |
| Agreement for Volkswagen plant in India signedWolfsburg/Pune, November 29, 2006: Following approval of the Group’s India project from the Volkswagen Supervisory Board, the path for swift market entry is now clear: Volkswagen AG is to build a new production plant in Pune in the Indian state of Maharashtra. |
Volkswagen and Audi set up their new Corporate sales office in MumbaiMumbai, Aug 21st 2008. Volkswagen Group, Europe’s largest automobile manufacturer is poised to further strengthen its Indian operations with the setting up of a new corporate sales office in Mumbai. The new corporate sales office located at Bandra Kurla Complex will help Volkswagen and Audi in catering to its customers and dealers in India better. All the latest press releases from Volkswagen India and Volkswagen Group will be listed here. For more information regarding any particular press release, please write to info@volkswagen.co.in |
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Picture - Mr. Ratan Tata in a discussion with Mr. Joerg Mueller and Mr. Andreaz Prinz (112.7 kb)
Picture - Rahul Gandhi with Volkswagen India team (108.4 kb)
Picture - Rahul Gandhi admiring Volkswagen products (102.6 kb)
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Picture 1 of the Volkswagen Passat Launch in India (103.6 kb)
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