4 información general grupo vw_2015

8/17/2019 4 Información General Grupo VW_2015

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FA C T S A N D F I G U R E S

Navigator

2015

moving progress


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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


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TA B L E O F C O N T E N T S

The Volkswagen Group 4Board of Management of Volkswagen AG 6Supervisory Board 7Key Figures 8Five-Year Review 10Volkswagen Share Key Figures 12Production Sites 14 Germany 14 Europe 18 North/South America 24 South America/South Africa 25 Asia/Pacific 26Group Production Sites 30Deliveries of Vehicles to Customers 34Environment and Transport 36Developments in Workforce 38Employees in Technical Development 42

Procurement Volumes by Brand and Company 44Organizational Charts 45 Volkswagen Passenger Cars 45 Audi 46 SEAT 47 ãKODA 48 Bentley 49

Bugatti 50 Lamborghini 51

Porsche 52 Ducati 53 Volkswagen Commercial Vehicles 54 Scania 55 MAN SE 56

Volkswagen Financial Services AG 57Historical Notes 58The Model Range of the Volkswagen Group 88

Volkswagen Passenger Cars 90 Audi 97

SEAT 104 ãKODA 108

Bentley 113 Bugatti 115 Lamborghini 115

Porsche 116 Ducati 120 Volkswagen Commercial Vehicles 123 Scania 130

MAN 131 MAN Latin America 133Other Business Fields 134

3


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T H E V O L K S W A G E N G R O U P

The Volkswagen Group with its headquarters in Wolfsburg is

one of the world’s 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, ŠKODA,

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.

4


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December 31, 2014

5

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-relatedservices or other fields of business. The Volks wagen Group

sells its vehicles in 153 countries.

The Group’s 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.


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B O A R D O F M A N A G E M E N T O F V O L K S W A G E N A G

March 1, 2015

6


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S U P E R V I S O R Y B O A R D w w w .v o l k s w a g e n a g . c o m / i r

December 31, 2014

7

Hon.-Prof. Dr. techn. h.c.Dipl.-Ing. ETH Ferdinand K. Piëch(Chairman) Berthold Huber (Deputy Chairman)IG Metall

Dr. Hussain Ali Al-AbdullaBoard Member of QatarInvestment Authorityand Board Member ofQatar Holding LLC

Ahmad Al-Sayed

Minister of State, Qatar

Jürgen DornChairman of the Works Council atthe MAN Truck & Bus AG Munichplant, Chairman of the GeneralWorks Council of MAN Truck & BusAG and Chairman of the GroupWorks Council and the SE WorksCouncil of MAN SE

Annika FalkengrenPresident and Group ChiefExecutive of SkandinaviskaEnskilda Banken AB

Dr. jur. Hans-Peter FischerChairman of the Board ofManagement of VolkswagenManagement Association

Uwe FritschChairman of the Works Council

at the Volkswagen AG Brunswickplant

Babette FröhlichIG Metall, Department head forcoordination of Executive Boardduties and planning

Olaf LiesMinister of Economic Affairs, Laborand Transport for the Federal Stateof Lower Saxony

Hartmut MeineDirector of the Lower Saxony andSaxony-Anhalt Regional Office of

IG Metall

Peter MoschChairman of the General WorksCouncil of AUDI AG

Bernd OsterlohChairman of the General and

Group Works Councils ofVolkswagen AG

Dr. jur. Hans Michel PiëchLawyer in private practice

Ursula PiëchSupervisory Board Memberof AUDI AG

Dr. jur. Ferdinand Oliver PorscheMember of the Board ofManagement of Familie PorscheAG Beteiligungsgesellschaft

Dr. rer. comm. Wolfgang PorscheChairman of the Supervisory Boardof Porsche Automobil Holding SE,Chairman of the Supervisory Boardof Dr. Ing. h.c. F. Porsche AG

Stephan WeilMinister-President of the Federal

State of Lower Saxony

Stephan Wolf Deputy Chairman of the Generaland Group Works Councils ofVolkswagen AG

Thomas Zwiebler

Chairman of the Works Council ofVolkswagen Commercial Vehicles


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K E Y F I G U R E S

V O L K S W A G E N G R O U P

Volume Data 1

Vehicle sales (units)

Production (units)

Employees at Dec. 31

Financial Data (IFRSs), € million

Sales revenue

Operating profit

Profit before tax

Profit after tax

Profit attributable toVolkswagen AG shareholders

Cash flows from operating activities

Cash flows from investing activities

attributable to operating activities

Automotive Division 2

EBITDA 3


Cash flows from investing activities

attributable to operating activities 4

of which: capex

as a percentage of sales revenue

capitalized development costs

as a percentage of sales revenue

Net cash flow

Net liquidity at Dec. 31

2014

202,458

12,697

14,794

11,068

10,847

10,784

16,452

23,100

21,593

15,476

11,495

6.5

4,601

2.6

6,117

17,639

2013

197,007

11,671

12,428

9,145

9,066

12,595

14,936

20,594

20,612

16,199

11,040

6.3

4,021

2.3

4,413

16,869

%

+ 2.8

+ 8.8

+ 19.0

+ 21.0

+ 19.6

– 14.4

+ 10.2

+ 12.2

+ 4.8

– 4.5

+ 4.1

+ 14.4

+ 38.6

+ 4.6

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

8

2014

7.3

14.9

12.5

2013

6.3

14.5

14.3

2014

10,217,003

10,212,562

592,586

2013

9,728,250

9,727,848

572,800

%

+ 5.0

+ 5.0

+ 3.5


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December 31, 2014

Volume Data

Vehicle sales (units)

Production (units)

Employees at Dec. 31

Financial Data (HGB), € million

Sales

Net income for the year

V O L K S W AG E N A G

1) Volume data including the unconsolidated Chinese joint ventures.

2) Including allocation of consolidation adjustments betweenthe 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.

9

2014

2,615,686

1,230,891

112,561

2013

2,495,745

1,169,151

107,559

%

+ 4.8

+ 5.3

+ 4.7

2014

68,971

2,476

2013

65,587

3,078

%

+ 5.2

– 19.6


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F I V E - Y E A R R E V I E W

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

10


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December 31, 2014

11

2010

7,278

1,059

6,219

7,358

2,115

5,243

389

178

210

2010

126,875

8,994

7,226

11,455

9,278

2011

8,361

1,211

7,150

8,494

2,640

5,854

454

196

258

2011

159,337

18,926

15,799

8,500

16,002

2012

9,345

1,207

8,137

9,255

2,321

6,934

533

237

296

2012

192,676

25,487

21,881

7,209

16,840

2014

10,217

1,247

8,970

10,213

2,559

7,653

583

265

318

2014

202,458

14,794

11,068

10,784

16,452

2013

9,728

1,187

8,541

9,728

2,458

7,270

563

255

308

2013

197,007

12,428

9,145

12,595

14,936


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V O L K SW AG E N S H A R E K E Y F I G U R E S12

Dividend development

Number of no-par value shares at Dec. 31

Ordinary shares

Preferred shares

Dividend 1

per ordinary share

per preferred share

Share price development 2

Ordinary shares

Closing

Annual high

Annual low

Preferred shares

Closing Annual high

Annual low

Market capitalization at Dec. 31

Equity attributable to Volkswagen AG shareholdersand hybrid capital investors at Dec. 31

Ratio of market capitalization to equity

Key figures per share

Earnings per ordinary share 4

basic

diluted

Operating profit 5

Cash flows from operating activities 5

Equity 6

Price/earnings ratio 7

Ordinary shares

Preferred shares

Price/cash flow ratio 8

Dividend yield 9

Ordinary shares

Preferred shares

Stock exchange turnover 10

Turnover of Volkswagen ordinary shares

Turnover of Volkswagen preferred shares

Volkswagen share of total DAX turnover

thousands

thousands

€

€

€

€

€

€ €

€

€ billion

€ billion

factor

€

€

€

€

€

factor

factor

factor

%

%

€ billion

million shares

€ billion

million shares

%

1) Figures for the years 2010 to 2013 relate to dividends paid in the following year.For 2014, the figures relate to the proposed dividend.

2) Xetra prices.3) 2012 figures adjusted in the 2013 annual financial statements to reflect application of IAS 19R.4) Prior-year figures adjusted in accordance with IAS 33.26.5) Based on the weighted average number of ordinary and preferred shares outstanding basic),

prior year adjusted according to IAS 33.26.


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December 31, 2014

13

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. 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 Börse).

2010

295,046

170,143

2.20

2.26

2010

105.90

118.50

62.30

121.40136.90

55.83

51.9

46.0

1.13

2010

15.17

15.17

15.87

25.46

98.84

7.0

8.0

4.2

2.1

1.9

2010

6.0

79.2

23.5

305.4

2.9

2011

295,090

170,143

3.00

3.06

2014

295,090

180,641

4.80

4.86

2013

295,090

170,148

4.00

4.06

2012

295,090

170,143

3.50

3.56

2011

103.65

136.95

84.50

115.75151.00

88.54

50.3

57.5

0.87

2014

180.10

197.35

150.70

184.65203.35

150.25

86.5

90.0

0.96

2013

196.90

196.90

132.60

204.15204.15

138.50

92.8

87.7

1.06

2012

162.75

162.75

106.20

172.15172.70

118.00

77.3

77.7 3

1.00

2011

33.10

33.10

24.23

18.27

123.68

3.1

3.5

5.7

2.9

2.6

2014

21.84

21.84

25.59

21.74

189.16

8.2

8.4

8.3

2.7

2.6

2013

18.61

18.61

23.99

25.89

188.58

10.6

10.9

7.6

2.0

2.0

2012 3

46.41

46.41

24.59

15.42

166.98

3.5

3.7

10.6

2.2

2.1

2011

5.1

46.4

44.2

369.1

4.6

2014

3.2

17.8

45.1

248.3

5.4

2013

3.5

21.4

43.0

252.8

5.7

2012

3.5

26.8

40.9

293.3

5.3


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December 31, 2014

14 P R O D U C T I O N S I T E S I N G E R M A N Y

11

2

1

3, 135

6

7,14

109

18

19

20

22,27

24

25

26

4,15,2829 12

8,21

16

17

23


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December 31, 2014

15w w w . v o l k s w a g e n a g . c o m

G E R M A N Y

AUDI (79,483 employees; founded in

1909, in 1965 acquisition of

50 % of the capital of Auto-Union

GmbH; today more than 99 %

owned by VOLKSWAGEN AG)

1 Ingolstadt(40,027 employees)

AUDI A3, AUDI A3 SPORTBACK,

AUDI A4, AUDI A4 AVANT,

AUDI A4 ALLROAD, AUDI A5 COUPÉ,

AUDI A5 SPORTBACK, AUDI Q5,

body components, chassis com-

ponents, engine components; vehicle

components, pressed components,

aluminum cast components

2 Neckarsulm(15,900 employees)

AUDI A4, AUDI A5 CABRIOLET,

AUDI A6, AUDI A6 AVANT, AUDI A6

ALLROAD, AUDI A7 SPORTBACK,

AUDI A8, AUDI R8 COUPÉ, AUDI R8

SPYDER

VOLKSWAGEN AG(112,561 employees; founded as

Volkswagenwerk GmbH in 1938)

3 Wolfsburg(59,812 employees)

GOLF, GOLF SPORTSVAN, E-GOLF,

TIGUAN, TOURAN,

components: press shop,

chassis, plastics technology

4 Hanover(13,921 employees)

T5, AMAROK, components:

foundry, heat exchangers

5 Brunswick(6,862 employees)Steering units, front/rear axles,

shock absorbers/levers, subframes/

swivel bearings, battery systems

6 Kassel(16,107 employees)

Gearboxes, components: foundry,

press shop, exhaust systems,

electric drives

7 Emden(8,981 employees)

PASSAT, PASSAT ESTATE, CC

8 Salzgitter(7,049 employees)

Engines

Volkswagen Sachsen GmbH (11,079 employees;

founded in 1990; wholly owned

by VOLKSWAGEN AG)

9 Chemnitz(1,764 employees)

Engines

10 Zwickau(8,785 employees)

GOLF, GOLF ESTATE, PASSAT,

PASSAT ESTATE

11 Gläserne Manufaktur

Dresden(519 employees)

PHAETON, BENTLEY FLYING SPUR


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December 31, 2014

16 P R O D U C T I O N S I T E S I N G E R M A N Y

Volkswagen OsnabrückGmbH(2,301 employees; founded

in 2009; wholly owned by

VOLKSWAGEN AG)

12 Osnabrück

XL1, GOLF CABRIOLET, PORSCHEBOXSTER, PORSCHE CAYMAN

Sitech Sitztechnik GmbH (2,397 employees; founded in 2001;

wholly owned by SITECH Sp. z o.o.)

13 Wolfsburg(1,683 employees) Components: seating technology

14 Emden(415 employees) Components: seating technology

15 Hanover(298 employees) Components: seating technology

Porsche(22,190 employees; founded in1931; wholly owned by

VOLKSWAGEN AG since 2012)

16 Stuttgart-Zuffenhausen(13,409 employees)

PORSCHE 911,PORSCHE 911 CABRIOLET,

PORSCHE BOXSTER,

PORSCHE SPYDER,

V-/B-engines

17 Leipzig(3,061 employees)

PORSCHE CAYENNE,

PORSCHE PANAMERA,

PORSCHE MACAN


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December 31, 2014


MAN(55,903 employees;founded in 1758,

VOLKSWAGEN AG 74.04 %)

18 Munich(MAN Truck & Bus)

(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(MAN Diesel & Turbo)(4,087 employees)

Large-bore diesel engines,

components: turbochargers

23 Berlin(MAN Diesel & Turbo)(572 employees)

Components: compressors

24 Deggendorf(MAN Diesel & Turbo)(477 employees)

Components:

reactor technology, high-pressure

and special apparatus

25 Hamburg(MAN Diesel & Turbo)(602 employees)

Components: steam turbines

26 Oberhausen(MAN Diesel & Turbo)(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

29 Rheine

(MAN SE / Renk AG)(506 employees)

Gear units,

components: couplings


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45,46,47

December 31, 2014

18 P R O D U C T I O N S I T E S I N E U R O P E

636465

686967

7261

66

52

39

31

30

35

38

53

58

56

70

57

4241

37

51

43

48

44, 4950

71

32

33

3660

59 62

40

5455

34

47


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December 31, 2014


B E L G I U M

AUDI BRUSSELS S.A./N.V.(2,528 employees; founded in

1971; wholly owned by AUDI AG)

30 Brussels

AUDI A1, AUDI A1 SPORTBACK

BOSNIA-HERZEGOVINA

Volkswagen Sarajevo, d.o.o.(founded in 1998; not con-

solidated, 58% VOLKSWAGEN AG,

42% Prevent Sarajevo d.o.o.)

31 Sarajevocomponents: flywheel ring gears,

stub axles, wheel hubs

DENMARK

32 Frederikshavn(MAN Diesel & Turbo)(443 employees)

Components: propulsion systems

33 Copenhagen(MAN Diesel & Turbo)(1,314 employees)

Components: two-stroke

components, spare parts

FINLAND

34 Lahti (Scania AB)(298 employees)

Buses

FRANCE

BUGATTI AUTOMOBILES S.A.S.(266 employees; founded in 1910;

part of the Volkswagen Group

since 1998; wholly owned by

Groupe VOLKSWAGEN France s.a.)

35 Molsheim(93 employees)

VEYRON

36 Saint-Nazaire(MAN Diesel & Turbo)(673 employees)

Diesel engines and spare parts

37 Angers(Scania)(622 employees)

Trucks

UNITED KINGDOM

Bentley Motors Ltd.(3,670 employees; founded in 1919;

wholly owned by Volkswagen

International Finance N.V.)

38 CreweMULSANNE, FLYING SPUR,

CONTINENTAL GT,

CONTINENTAL GTC, engines


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December 31, 2014


ITALY

Automobili LamborghiniS.p.A.(1,175 employees; founded in

1963; wholly owned by AUDI AG)

39 Sant’ Agata BologneseHURACÁN, AVENTADOR, engines

Ducati Motor Holding S.p.A.(1,076 employees; founded in

1926; wholly owned by AUDI AG

since 2101)

40 Borgo PanigaleMotorcycles

T H E N E T H E R L A N D S

41 Meppel (Scania)Components: paint-shop

(cabs and frames)

42 Zwolle (Scania)(1,588 employees)

Trucks

A U S T R I A

43 Steyr(MAN Truck & Bus)(2,374 employees)

Trucks, components: cabs

P O L A N D

Volkswagen Poznań Sp. z o.o. (7,554 employees; founded in 1993;

wholly owned by Volkswagen Inter-national Finance N.V.)

44 PoznańCADDY 3, T5,components: foundry

Volkswagen Motor PolskaSp. z o.o.

(founded in 1998; wholly owned by Volkswagen International Finance

N.V.)

45 Polkowice(1,331 employees)

Engines

Sitech Sp. z o.o. (1,690 employees; founded in 1998;



46 PolkowiceComponents: seating technology

47 GlogówComponents: seating technology

48 Kraków(MAN Truck & Bus)(450 employees)

Trucks

49 Poznań(MAN Truck & Bus)(957 employees)

Buses

50 Starachowice(MAN Truck & Bus)(1,480 employees)

Bus assembly, shells for buses and

construction of frames

51 S äupsk (Scania)(416 employees) Bus bodies


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December 31, 2014


PORTUGAL

Volkswagen Autoeuropa, Lda.(3,369 employees;

founded in 1991; 74% Volkswagen

International Finance N.V.;

26% Global VW Automotive B.V.)

52 PalmelaEOS, SCIROCCO, SHARAN,

SEAT ALHAMBRA

RUSSIA

OOO Volkswagen Group Rus(founded in 2006;

28.06% VOLKSWAGEN AG,

16.80 % ãKODA AUTO a.s.,

55.14 % Volkswagen Finance

Luxemburg S.A.)

53 Kaluga(5,073 employees)

POLO SEDAN, TIGUAN,

ãKODA RAPID

54 St. Petersburg(MAN Truck & Bus)(88 employees)

Trucks

55 St. Petersburg(Scania)Trucks

SWEDEN

Scania(35,925 employees;

founded in 1891,

VOLKSWAGEN AG 99.57 %

share capital, there of

86.22 % direct and13.35 % indirect)

56 Södertälje(13,046 employees)

Trucks, bus chassis, engines,

gearboxes, components: axles

57 Oskarshamn(1,811 employees) Components: cabs

58 Luleå(523 employees)

Components: frames and

rear axle housings

SWITZERLAND

59 Winterthur(MAN SE / Renk AG)(735 employees)

Industrial gear units

60 Zurich(MAN Diesel & Turbo)(960 employees)

Components:

hermetically sealed compressors,

vacuum blowers


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December 31, 2014


SLOVAK REPU BLIC

VOLKSWAGEN SLOVAKIA, a.s.(founded in 1991; wholly owned

by Volkswagen International

Finance N.V.)

61 Bratislava(8,938 employees)TOUAREG, UP!, E-UP!, AUDI Q7,

PORSCHE CAYENNE, ãKODA CITIGO,

SEAT MII, gearboxes (assembly only)

62 Martin(825 employees)

Components: gearboxes, chassis

SPAIN

SEAT(14,045 employees; founded in

1950, wholly owned by Volkswagen


63 Barcelona(1,128 employees)Components: press shop

64 Martorell(10,723 employees)

IBIZA, IBIZA SC, IBIZA ST, LEÓN SC,

LEÓN 5DR, LEÓN 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 PamplonaPOLO, engines (assembly only)


24/138


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December 31, 2014

24 PRODUCTION SITES IN NORTH/SOUTH AMERICA

U S A

Volkswagen Group ofAmerica ChattanoogaOperations, LLC.

(2,212 employees; founded in 2008;wholly owned by Volkswagen

Group of America Inc.)

73 ChattanoogaPASSAT NAR

M E X I C O

Volkswagen de México, S.A.de C.V. (founded in 1964; wholly

owned by VOLKSWAGEN AG)

74 Puebla(14,646 employees)

JETTA, JETTA NAR, THE BEETLE,

THE BEETLE CABRIOLET, GOLF,

GOLF ESTATE, engines,

components: foundry

75 Silao(663 employees)

Engines

76 Querétaro(MAN Latin America)(94 employees)

Buses, trucks

A R G E N T I N A

Volkswagen Argentina S.A.(founded in 1980; wholly owned by

SEAT, S.A.)

77 Cordoba(1,784 employees)

Gearboxes

78 Pacheco(5,364 employees)

SURAN, AMAROK

79 Tucumán(Scania)(505 employees)

components: axle components

80

7877

81

85

79

73

8788

84

76

86

82 83

74,75

89


26/138

December 31, 2014

25PRODUCTION SITES IN SOUTH AMERICA AND SOUTH AFRICA

S O U T H A F R I C A

Volkswagen of South Africa(Pty) Ltd. (4,130 employees; founded in

1956; wholly owned by

VOLKSWAGEN AG)

86 UitenhagePOLO, POLO VIVO, POLO SEDAN VIVO,

engines

87 Olifantsfontein(MAN Truck & Bus)(165 employees)

Buses

88 Pinetown(MAN Truck & Bus)(122 employees)

Trucks, bus chassis

89 Johannesburg(Scania)Trucks, buses

B R A Z I L

Volkswagen do BrasilIndústria de VeículosAutomotores Ltda. (founded in 1953; wholly owned by

Volkswagen International Finance

N.V.)

80 Anchieta(12,030 employees)

GOL, NEW SAVEIRO

81 São José dos Pinhais(2,586 employees)

FOX, SPACEFOX

82 São Carlos(746 employees)

Engines

83 Taubaté(4,320 employees)

UP!, GOL , VOYAGE

84 Resende(MAN Latin America)(1,905 employees)

Trucks, bus chassis

85 São Paulo(Scania)(3,590 employees)

Trucks, bus chassis, engines,

gearboxes,

components: axles and cabs


27/138

26 PRODUCTION SITES IN ASIA/PACIFIC

December 31, 2014

I N D I A

ãKODA AUTO IndiaPrivate Ltd. (864 employees; founded in 1999;

wholly owned by ãKODA AUTO a.s.)

90 AurangabadJETTA, ãKODA OCTAVIA,

ãKODA SUPERB, ãKODA YETI,

AUDI A3, AUDI A4, AUDI A6,

AUDI Q3, AUDI Q5, AUDI Q7

Volkswagen India PrivateLtd. (3,421 employees; founded in 2007; VOLKSWAGEN AG 90.99 %

share capital and 0.0001 % voting

rights, Volkswagen International

Finance N.V. 9.01 % share capital

and 99.9999 % voting rights)

91 PunePOLO, VENTO, ãKODA RAPID

92 Pithampur(MAN Truck & Bus)(787 employees)

Trucks, engines,

components: cabins, axles

93 Aurangabad(MAN Diesel & Turbo)(377 employees)

Large-bore diesel engines

94 Narasapura(Scania)Trucks, buses

M A L A Y S I A

95 Kuala Lumpur(Scania)Trucks, buses

S O U T H K O R E A

96 Busan(Scania)Assembly of truck bodies

100,104,113,114,

118

105,108,112

111, 115

90

101106,109

91

92

93

117

102

98

103

107, 110

94

96

99

116

97

95


28/138

27

December 31, 2014

www.volkswagenag.com

T A I W A N

97 Ping Chen City(Scania)Trucks, buses

THAILAND

DUCATI MOTOR CO.(wholly owned by AUDI AG)

98 Amphur Pluakdaeng Rayong(167 employees)

Motorcycles

99 Bang Pakong(Scania)Trucks, buses

PEOPLE’S REPUBLICOF CHINA

Shanghai-VolkswagenAutomotive Company, Ltd.(founded in 1985;

40% VOLKSWAGEN AG,

10% Volkswagen (China)

Investment Company Ltd.,

50% Shanghai Automotive Group

Company Ltd./SAGCL)

100 Shanghai (Anting)(19,498 employees)

ãKODA FABIA JINGRUI,

ãKODA OCTAVIA MINGRUI,

ãKODA YETI, POLO, NEW LAVIDA,

GRAN LAVIDA, TIGUAN, TOURAN,

engines

101 Nanjing

(4,805 employees)NEW LAVIDA, GRAN LAVIDA,

NEW PASSAT

102 Yizheng(3,783 employees)POLO, SANTANA, ãKODA RAPID,

ãKODA RAPID SPACEBACK

103 Urumqi(531 employees)

SANTANA

104 Ningbo(2,336 employees)

ãKODA SUPERB HAORUI,

ãKODA OCTAVIA MINGRUI,

LAMANDO

FAW-VolkswagenAutomotive Company, Ltd.(founded in 1991;

20% VOLKSWAGEN AG,



10 % AUDI AG,

60% First Automobile Works Corp.,

FAW

105 Changchun(15,878 employees)

NEW BORA, GOLF, MAGOTAN,

CC, AUDI A4, AUDI A6, AUDI Q3,

AUDI Q5, engines, gearboxes

106 Chengdu(7.212 employees)

JETTA, SAGITAR, engines

107 Foshan(4,501 employees)

GOLF, AUDI A3 SEDAN,

AUDI A3 SPORTBACK


29/138

28 PRODUCTION SITES IN ASIA/PACIFIC

December 31, 2014

Volkswagen FAW PlatformCompany, Ltd.(founded in 2005;



40% FAWER Automobile Parts Co.Ltd.)

108 Changchun(974 employees)

Components: axles, chassis

109 ChengduComponents: axles, chassis

110 FoshanComponents: axles, chassis

Volkswagen FAW Engine(Dalian) Co., Ltd.(founded in 2005;



40 % First Automobile Works Corp./FAW)

111 Dalian(787 employees)

Engines

112 Changchun(586 employees)Engines

100,104,113,114,

118

105,108,112

111, 115

90

101106,109

91

92

93

117

102

98

103

107, 110

94

96

99

116

97

95


30/138

29

December 31, 2014

www.volkswagenag.com

VOLKSWAGEN Transmission(Shanghai) Company, Ltd.(founded in 2001;



20% FAW-Car Company,

20% SAIC Motor Co., Ltd.)

113 Shanghai (Jiading)(444 employees)

Gearboxes

Shanghai Volkswagen

Powertrain Company, Ltd.(founded in 2005; 60% Volkswagen (China)


40% Shanghai Automotive Group

Company Ltd./SAGCL)

114 Shanghai (Loutang)(1,575 employees)

Engines

Volkswagen AutomaticTransmission (Dalian) Co.,Ltd.(founded in 2010;


(China) Investment Company Ltd.)

115 Dalian(2,184 employees)

Gearboxes

116 Tianjin(577 employees)

Gearboxes

117 Changzhou(MAN Diesel & Turbo)(501 employees)

Components: turbochargers,

compressors

118 Shanghai(Sitech DongChang AutomotiveSeating Technology Ltd.)Components: seating technology


31/138

30 GROUP PRODUCTION SITES BY COUNTRIES

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


32/138

31

Group production sites in total: 118 (69 / 49)

December 31, 2014


India 5 (4 / 1)

Asean** 5 (5/ 0)

China 19 (8 / 11)

Germany

Poland

Spain

Czech Republic

Sweden

France

Russia

The Netherlands

Switzerland

Slovak Republic

Denmark

Italy

AustriaBosnia-Herzegovina

United Kingdom

Belgium

Portugal

Hungary

Turkey

Finland

Europe

29

8

4

4

3

3

3

2

2

2

2

2

11

1

1

1

1

1

1

72

T*

(13 / 16)

(5 / 3)

(2 / 2)

(2 / 2)

(1 / 2)

(2 / 1)

(3 / 0)

(1 / 1)

(0 / 2)

(1 / 1)

(0 / 2)

(2 / 0)

(1 / 0)

(0 / 1)

(1 / 0)

(1 / 0)

(1 / 0)

(1 / 0)

(1 / 0)

(1 / 0)

(39 / 33)

(V/ C)*


33/138

32 GROUP PRODUCTION SITES BY BRANDS

USA

1

Mexico

2

1

Argentina

2

1

Europe

16

4

3

3

1

1

1

2

1

2

9

24

5

Brazil

4

1

1

South Africa

1

1

2

*Asean: Malaysia, South Korea, Thailand, Taiwan


34/138

33

December 31, 2014


118 Group production sites

44

4

3

4

1

1

1

2

2

2

17

31

6

118

Worldwide

India

1

1

1

2

China17

1

1

Asean*

1

4


35/138

Europe/Other Markets

Western Europe

of which: Germany

United Kingdom France

Italy

Spain

Central- and Eastern Europe

of which: Russia

Czech Republic

Poland

Other Markets

of which: Turkey

South Africa

North America

of which: USA

Mexico Canada

South America

of which: Brazil

Argentina

Asia-Pacific

of which: China

Japan

India

Worldwide

Volkswagen Passenger Cars

Audi

ãKODA

SEAT Bentley

Lamborghini

Porsche

Bugatti

2014 2013

Deliveries(Units)

Change

34 PA S S E N G E R C A R D E L I V E R I E S

T O C U S TO M E R S B Y M A R K E T *

* 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 theVolkswagen Passenger Cars brand retrospectively as of January 1, 2013. December 31, 2014

+ 4.8 %

+ 6.5 %

+ 4.6 %

+ 12.3 %+ 1.4 %

+ 8.2 %

+ 17.2 %

+1.3 %

– 11.9 %

+ 21.3 %

+ 26.2 %

– 2.0 %

+ 1.4 %

– 3.6 %

+ 0.0 %

– 2.0 %

+ 2.0 %+ 9.6 %

– 17.0 %

– 12.1 %

– 39.2 %

+ 11.2 %

+ 12.3 %

+ 3.7 %

– 23.7 %

+ 4.9 %

+ 1.6 %

+ 10.5 %

+ 12.7 %

+ 10.0 %+ 8.9 %

+ 19.3 %

+ 17.1 %

– 4.3 %

3,893,726

2,912,905

1,092,675

510,481249,311

190,671

203,870

606,801

253,176

100,967

95,790

374,020

128,592

100,058

884,454

599,734

189,32895,392

690,101

554,828

95,086

4,022,640

3,668,433

104,218

70,656

9,490,921

6,118,617

1,741,129

1,037,226

390,50511,020

2,530

189,849

45

3,715,349

2,734,534

1,044,477

454,400245,926

176,231

173,893

599,231

287,258

83,215

75,920

381,584

126,853

103,805

884,440

611,747

185,64087,053

831,465

631,383

156,443

3,616,163

3,266,235

100,535

92,561

9,047,417

6,021,750

1,575,480

920,750

355,00410,120

2,121

162,145

47


36/138

C O M M E R C I A L V E H I C L E D E L I V E R I E S

T O C U S T O M E R S B Y M A R K E T *

* Deliveries for 2013 have been updated to reflect subsequent statistical trends.The Saveiro model, which is sold mainly in South America, is reported in theVolkswagen Passenger Cars brand retrospectively as of January 1, 2013.

Europe/Other Markets

Western Europe

Central- and Eastern Europe

Other MarketsNorth America

South America

of which: Brazil

Asia-Pacific

of which: China

Worldwide

Volkswagen Commercial Vehicles

Scania

MAN

2014 2013

Deliveries(Units)

Change

35

December 31, 2014

V O L K SW AG E N G R O U P D E L I V E R I E S

Passenger Cars

Commercial VehiclesTotal

2014 2013

Deliveries(Units)

Change

+ 2.6 %

+ 3.5 %

– 7.2 %

+ 8.0 %+ 36.1 %

– 34.9 %

– 39.4 %

+ 15.2 %

+ 41.5 %

– 5.4 %

– 3.4 %

– 0.8 %

– 14.4 %

+ 4.9 %

– 5.4 %+ 4.2 %

498,325

361,372

64,052

72,9018,331

104,728

74,977

35,082

6,887

646,466

446,596

79,782

120,088

9,490,921

646,46610,137,387

485,772

349,208

69,039

67,5256,121

160,834

123,816

30,443

4,868

683,170

462,373

80,464

140,333

9,047,417

683,1709,730,587


37/138

36 ENVIRONMENT AND TRANSPORT – SUSTAINABLE VALUE ENHANCEMENT

Energy Consumption*in kilowatt hours per vehicle

CO2-Emissions*in kilograms per vehicle

VOC-Emissions (Volatile Organic Compounds)*

in kilograms per vehicle

2014

2014

2014

2013

2013

2013

2010

2010

2010

December 31, 2014

2,054

842

3.05

2,204

885

3.57

2,519

1,096

4.13


38/138


* Production of passenger cars and light commercial vehicles.Prior-year figures adjusted.

Disposable Waste*in kilograms per vehicle

Fresh Water Consumption*in cubic meters per vehicle

2014

2014

2013

2013

2010

2010

December 31, 2014

18.3

4.23

20.1

4.38

23.3

4.54


39/138

D E V E L O PM E N T S I N W O R K F O R C E38

Year-end data, employees atproduction and service companies

V O L K S WA G E N G R O U P

Development of workforce worldwide

Year-end data, employees at production and service companies

300

350

400

450

500

550

600

2009 2010 2011 2012

399.4

December 31, 2014

thousands

V O L K S WA G E N G R O U P

Absolute numbers of employees in Germany/abroad

100

140

120

160

200

220

240

260

280

300320

180

December 31, 2014

2009 2010 2011 2012 2013

172.6

195.9

thousands

Germany

abroad

2013

224.8

249.5

271.0260.4

277.1

300.3

321.5

312.4

2014

368.5

181.3

218.1

592.6

572.8

549.8

502.0

2014


40/138

w w w . v o l k s w a g e n a g . c o m / i r 39

V O L K S W AG E N G R O U P

Workforce at production companies by continents

December 31, 2014

V O L K S W AG E N G R O U P

Workforce at production companies by employment category

02009

December 31, 2014

100,000

200,000

300,000

400,000

500,000

600,000

125,694

2010 2011 2012 2013 2014

133,687

hourly workers (excl. apprentices)

salaried (excl. apprentices)

185,224213,445 237,795226,037

232,960 255,149 301,711 319,604 336,332329,060

Europe

America

Africa

Asia

Australia

Worldwide

2014

438,631

59,790

6,330

86,752

1,083

592,586

2013

424,964

61,796

6,356

78,672

1,012

572,800

2012

410,427

63,193

6,461

68,704

978

549,763

2011

378,030

58,072

6,602

58,540

712

501,956

2010

290,159

54,571

6,546

47,607

498

399,381


41/138

D E V E L O PM E N T S I N W O R K F O R C E40

V O L K S WA G E N A G

Development of part-time employees

0

December 31, 2014

2009 2010 2011 2012 2013 2014

2,780

2,977

total (incl. apprentices)

part-time employees (excl. partial retirement)


Development in share of female employees

December 31, 2014

500

3,500

4,000

1,000

1,500

2,000

2,500

3,000

95,164

0

2009 2010 2011 2012 2013 2014

total (incl. apprentices)

women

5,000

10,000

15,000

20,000

95,164 94,787

3,328

3,93097,691 112,561107,559101,794

101,794 112,561107,559

94,787

3,159

97,691

13,39714,493

1 4 . 1

%

1 4 . 5

%

1 4 . 8

%

15,635

1 5 . 4

%

17,03318,267

1 5 . 8

%

1 6 . 2

%

3,590

13,747

2 . 9

%

3 . 1

%

3 . 3

%

3 . 5

%

3 . 3

%

3 . 2

%


42/138


V O L K S W AG E N A G

Overall age structure

December 31, 2014

40.0

42.5

41.0

42.0

43.0


Absenteeism

December 31, 2014

2011 2014

42.3 years

42.8 years

2012

2011

2010

2009

2008

2007

2006

2005

4.9

5.0

5.0

4.8

4.3

4.3

3.7

3.8

2013

2014 5.0

%

2012

42.6 years

2013

42.9 years

4.9


43/138

E M P L OY E E S I N T E C H N I C A L D E V E L O PM E N T42

1) incl. Robust Pick-up/ Volkswagen Commercial Vehicles

2) incl. subsidiaries

3) North America Region

Volkswagende México

Volkswagen do Brasil936

VolkswagenArgentina 1

101

Bentley769

Bugatti154

SEAT886

VolkswagenPassenger Cars

9,780

VolkswagenCommercial

Vehicles1,004

ãkoda

1,653

Audi2

10,152Lamborghini

283

Sitech144

VW RGmbH

111

Scania3,671

Volkswag

enOsnabrück

465

Italdesign772

MAN4,539

Research Group

747

Ducati208

Porsche3,840

Volkswagen of America

NAR 3

987


44/138


December 31, 2014


Total: 45,742

Volkswagen of South Africa

106

Shanghai Volkswagen

2,771

FAW-Volkswagen1,274 VTT Japan

43

VolkswagenGroup China

102

VolkswagenPune

47

VolkswagenGroup RUS

39

http://www.volkswagenag.com/irhttp://www.volkswagenag.com/irhttp://www.volkswagenag.com/ir


45/138

GENERAL PROCUREMENT INFORMATION www.volkswagenag.com/ir44

Procurement Volumes (Volkswagen Group)

Procurement Volumes by Brand and Company*

December 31, 2014

145.5 billion €135.0 billion €

2013 2014

* All figures shown are rounded, so minor discrepanciesmay arise from addition of these amounts.

Volkswagen AG

FAW Volkswagen

AUDI

Volkswagen Shanghai

MAN

ãKODA AUTO

Scania

AUDI HUNGARIA MOTOR

Porsche

Volkswagen de México

Volkswagen Slovakia

SEAT

Volkswagen do Brasil

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

ãKODA AUTO India

Total

27.2

21.1

18.1

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


46/138

O R G A N I Z A T I O N A L C H A R T S

VOLKSWAGEN

45

March 1, 2015


47/138


AUDI AG

Headquarters: Ingolstadt, Germany

Share of capital held: 99.55 %

Board of Management, Audi: Prof. Rupert Stadler

Chairman

Prof. Dr.-Ing. Ulrich Hackenberg

Technical Development

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

46


48/138


March 1, 2015

SEAT, S.A.

Headquarters: Martorell, Spain

Share of capital held: 100 %

Board of Management, SEAT: Jürgen Stackmann

Chairman

Holger Kintscher

Finance and Organization

Dr. rer. pol. Andreas Offermann

Sales and Marketing Ramón Paredes Sánchez-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.

Autovía A-2, Km. 585

08760 Martorell

Spain

Internet: www.seat.com

47


49/138

O R G A N I Z A T I O N A L C H A R T S48

March 1, 2015

ãKODA AUTO a.s.

Headquarters: Mladá Boleslav, Czech Republic


Board of Management, ãkoda: 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

Technical Development Bohdan Wojnar

Human Resources

Address:

ãKODA AUTO a.s.

Václava Klementa 869

293 60 Mladá Boleslav

Czech Republic

Internet: www.skoda-auto.com


50/138

O R G A N I Z A T I O N A L C H A R T S 49

March 1, 2015

Bentley Motors Limited

Headquarters: Crewe, United Kingdom


Board of Management, Bentley: Wolfgang Dürheimer

Chairman and Chief Executive Officer

Rolf Frech

Engineering

Dr. rer. pol. Jörg 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


51/138


March 1, 2015

50

BUGATTI

BUGATTI AUTOMOBILES S.A.S.

Headquarters: Molsheim, France


Wolfgang Dürheimer President

Dr. rer. pol. Stefan Brungs, Dr. rer. pol. Jörg Mull,

Christophe Piochon

Board of Management

BUGATTI INTERNATIONAL SOCIÉTÉ ANONYME(Headquarters Luxembourg)

Wolfgang Dürheimer

Chairman of the Supervisory Board

BUGATTI ENGINEERING GMBH (Headquarters Wolfsburg)

Wolfgang Dürheimer, Chief Executive Officer (Spokesman)

Dr. rer. pol. Jörg Mull, Chief Executive Officer

Willi Netuschil, Chief Executive Officer

Addresses:

BUGATTI AUTOMOBILES S.A.S.

1 Château Saint Jean, Dorlisheim

67120 Molsheim

France

BUGATTI ENGINEERING GMBH

Gustav-Hertz-Straße 2

38448 Wolfsburg

Germany

Internet: www.bugatti.com

BUGATTI INTERNATIONAL

SOCIÉTÉ ANONYME

412 F route d'Esch

1030 LuxembourgLuxembourg


52/138


March 1, 2015

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


53/138


March 1, 2015

Headquarters: Stuttgart, Germany


Board of Management Porsche: Matthias Müller

Chairman of the Executive Board

Dr. Oliver Blume Production and Logistics

Thomas Edig

Deputy Chairman of the Executive Board,Human Resources

Wolfgang Hatz Research and Development

Bernhard Maier Sales and Marketing

Lutz Meschke Finance and IT Uwe-Karsten Städter Procurement

Address:

Dr. Ing. h.c. F. Porsche AG Porscheplatz 1

70435 Stuttgart

Germany

Internet: www.porsche.com

Dr. Ing. h.c. F. Porsche AG


54/138


March 1, 2015

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:Ducati Motor Holding S.p.A.

Via Antonio Cavalieri Ducati, 3

40132 Bologna (Emilia Romagna)

Italy

Internet: www.ducati.com

Ducati Motor Holding S.p.A.


55/138


March 1, 2015

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 ResourcesJörn Hasenfuß

Procurement

Dr.-Ing. Joachim Rothenpieler

Development

Bram Schot

Sales and MarketingKlaus-Dieter Schürmann

Finance and IT

Address:


PO Box21 05 80

30405 Hanover

Germany

Internet: www.vwn.de



56/138


Scania AB

Headquarters: Södertälje, Sweden


Executive Board, Scania: Martin Lundstedt

President and Chief Executive Officer

Kent Conradson

Human Resources

Andrea Fuder

Purchasing Per Hallberg

Production and Logistics

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 Södertälje

Sweden

Internet: www.scania.com

March 1, 2015


57/138


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

Ungererstraße 69

80805 München

Germany

Internet: www.man.eu/corporate

MAN SE

March 1, 2015


58/138

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

Human Resources and Organization

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 Straße 57

38112 Brunswick

Germany

Internet: www.vwfs.com

March 1, 2015

57O R G A N I Z A T I O N A L C H A R T S


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Ferdinand Porsche’s blue-printturned the dream of automotivemobility for the masses into a“people’s car”. The automobilelaid the foundation for a com-pany which rapidly acquiredinternational significance after

the Second World War.

The motor of the “Wirtschafts- wunder“ was air-cooled andfitted at the rear of a car whosedistinctive silhouette made Volkswagen a household name

all over the world, just as theTransporter launched in 1950became a much-loved work-horse and camper.

Numerous production facilitiesoutside Europe were already

being set up in the 1950s tobring the automaker closer tothe customer.

Having evolved into a Germanautomotive group with the

acquisition of “Auto UnionGmbH” and “NSU Motoren- werke AG” in the 1960s, thedynamic market success of thePassat, Golf and Polo post-1973triggered further corporategrowth towards a multi-brand

group: SEAT and SKODA wereadded in 1985 and 1991,Bentley, Lamborghini andBugatti in 1998.

They were joined by thelegendary sports car makerPorsche AG in 2012. The Groupalso welcomed the motorcyclebrand Ducati under its roof.

The Volkswagen Commercial

Vehicles brand, the Scaniabrand acquired in 2008 and theMAN brand which was takenover in 2012 with factories inEurope, Africa and South America provide a differen-tiated range of products

spanning city vans, trucks andbusses to suit the most diversemobility requirements.

The financial services pro- vided by Volkswagen FinancialServices AG, a company whoseroots go back as far as 1949,also contribute to the automo-tive success of the VolkswagenGroup.

Founded on strong brands, the

Volkswagen Group continuesits successful automotive tradi-tion with fascinating products.

Bolstered by another rise in unitsales to more than 10 million vehicles, the Volkswagen Group

remains on course to becomethe world’s leading automakerby 2018 – economically andecologically.

58 H I S T O R I C A L N O T E S


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1 9 3 7 — 1 9 4 5

May 28, 1937“Gesellschaft zur Vorbereitungdes Deutschen VolkswagensmbH” is established in Berlin.

February 1938

Construction of the Volkswagenplant east of Fallersleben be-gins.

September 16, 1938 The company name is changedto “Volkswagenwerk GmbH”.

Between 1939 and 1945,the Volkswagen plant is re-organized for the productionof armaments rather than theproduction of civilian vehicles.The expanding armaments out-put of the plant after summer

1940 leads the company tomeet most of its labour needsby using forced labour fromabroad. In late summer 1944,almost two thirds of the18,000-strong workforce ismade up of foreign forcedlabourers.

April 11, 1945 The American troops who enterthe town put an end to the pro-duction of military equipmentand liberate the forced

labourers.



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1 9 4 5 — 1 9 4 9

June 1945Responsibility for the companyseized by the Allies is turned overto the British Military Govern-ment for administration in

trusteeship.

December 1945Series production of the Volkswagen Type 1 begins withthe assembly of 55 saloons.

October 1947

Export of the first Volkswagensaloons to the Netherlandsbegins with five vehicles.

January 1, 1948Heinrich Nordhoff is appointedGeneral Director of the Volks-

wagen works.July 29, 1948The company’s registered officeis transferred from Berlin to Wolfsburg and the changeentered into the CommercialRegister.

June 30, 1949 “Volkswagen-Finanzierungs-Gesellschaft mbH” is foundedto provide loans to domesticcustomers and dealers,thus encouraging the sale

of Volks wagens.October 8, 1949The British Military Governmenthands over the Volkswagen works to the trusteeship of theFederal German government.

The State of Lower Saxonyassumes the administration.

1 9 4 5

Vehicle Production

VOLKSWAGENWERK GMBH

1,785

Financial data

(million Reichsmark)

VOLKSWAGENWERK GMBH

Sales 11.7

Workforce (yearly average)

VOLKSWAGENWERK GMBH

Factory workers 5,459

Office workers 574

Total 6,033



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1 9 5 0 — 1 9 5 4

March 8, 1950Series production of the Volks- wagen Transporter begins in Wolfsburg.

September 11, 1952The internationalization ofthe Volkswagen sales networkbegins with the founding of“Volkswagen Canada Ltd.” inToronto.

March 23, 1953

Volkswagen sets up its firstforeign production company,“Volkswagen do Brasil Ltda.”, inSão Paulo. In 1957 Volkswagendo Brasil switches fromassembling the Transporter tolocal production; the first Beetleproduced in Brazil leaves theassembly line in 1959. October 1953 Volkswagenwerk GmbH has82 sales agencies outside ofGermany. Exports account for 44

percent of vehicle production. With 68,754 vehicles exported in1953, Volkswagen accounts forover 40 percent of all passengercar exports from the FederalRepublic of Germany.

January 1, 1954The domestic sales organizationencompasses 66 distributors,239 dealerships and 531authorized repair shops.

1 9 5 0

Vehicle Production

VOLKSWAGENWERK GMBH

90,038

Financial Data (million DM)

VOLKSWAGENWERK GMBH

Sales 411

Profit 3.8


VOLKSWAGENWERK GMBH


Office workers 1,644

Total 14,966



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1 9 5 5 — 1 9 5 9

August 5, 1955Employees and dealers fromhome and abroad celebrate theproduction of the one millionth Volkswagen in Wolfsburg.

August 1955The Karmann Ghia Coupé goesinto production.

October 27, 1955“Volkswagen of America Inc.” isfounded in Newark, New Jersey.

March 8, 1956 After a one-year period of con-struction, the new plant inHanover-Stöcken startsproducing the Transporter.

June 8, 1956

Volkswagenwerk GmbHacquires an interest in theformer import agency “South African Motor Assemblers andDistributors Ltd. (SAMAD)”.

July 1958

Powertrain remanufacturing ismoved from Wolfsburg to Altenbauna near Kassel. The workforce at the new Kasselplant, which repairs andrebuilds 430 engines and 130axles a day, rises to 1,124 in

1959.

1 9 5 5

Vehicle Production

VOLKSWAGENWERK GMBH

329,893


VOLKSWAGEN GROUP

Sales 1,444

Vehicle Sales

VOLKSWAGENWERK GMBH

Germany 150,397

Abroad 177,657

Total 328,054


VOLKSWAGENWERK GMBH


Office workers 2,964

Total 31,570



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1 9 6 0 — 1 9 6 4

March 11, 1960“Volkswagen France S.A.” isfounded in Paris.

August 22, 1960Based on the “VW Act”, “Volks- wagenwerk GmbH” is trans-formed into a joint stock com-pany. Up to March 15, 1961, thecompany issues shares with anominal value of 360 millionDM at a share price of 350 DM.

September 1961 Volkswagen launches the VW1500 at the International Auto-mobile Show (IAA) in Frankfurt.

October 2, 1962The one millionth Volkswagen

Transporter rolls off theassembly line at the Hanoverplant.

January 17, 1964“Volkswagen de México-City,S.A. de C.V.” is established inMexico-City.

December 8, 1964The Emden plant beginsproducing the Beetle. Over500 vehicles roll off theassembly line each day. Theyare shipped from the company’s

own port and exported primarilyto North America.

1 9 6 0

Vehicle Production

VOLKSWAGEN GROUP

890,673


VOLKSWAGEN GROUP

Sales 4,607

Vehicle Sales

VOLKSWAGEN GROUP

Germany 374,478

Abroad 514,029

Total 888,507


VOLKSWAGEN GROUP

Total 75,528



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1 9 6 5 — 1 9 6 9

January 1, 1965“Volkswagenwerk AG” acquires“Auto Union GmbH” registeredin Ingolstadt; the independentbrand widens the model range of

the emerging group.

October 1966“Volkswagen Leasing GmbH” isfounded.

August 1967Series production of the second

generation of the Transporterbegins at the Hanover plant.

May 1, 1968 Kurt Lotz becomes Chairman ofthe Board of Management.

September 19, 1968

A proving ground is opened nearEhra-Lessien; in its final form,the site features over 100 km oftest 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 “NSUMotorenwerke AG” join forces to

become “Audi NSU Auto Union AG”. “Volkswagenwerk AG”initially owns 59.5 percentof the shares.

November 1969 The VW Porsche 914 goes intoproduction.

1 9 6 5

Vehicle Production

VOLKSWAGEN GROUP

1,594,861


VOLKSWAGEN GROUP

Sales 9,268

Investments 702

Vehicle Sales

VOLKSWAGEN GROUP

Germany 632,671

Abroad 963,693

Total 1,596,364


VOLKSWAGEN GROUP

Employees in foreign

Group companies 18,625

Total 125,157



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1 9 7 0 — 1 9 7 4

July 1970The K 70 rolls off the assemblyline at Volkswagen’s newSalzgitter plant.

October 1, 1971Rudolf Leiding takes over asChairman of the Board ofManagement.

May 1973The Passat, the first model of thenew Volkswagen generation,

goes into production. It featuresfront-wheel drive, a water-cooled 4-cylinder engine and aunitary construction all-steelbody.

February 1974

The sporty VW Scirocco goesinto series production.

March 29, 1974Series production of the Golfbegins in Wolfsburg.

July 1, 1974

At 11.19 a.m. the last of almost12 million Beetles rolls off theassembly line in Wolfsburg.

1 9 7 0

Vehicle Production

VOLKSWAGEN GROUP

2,214,937


VOLKSWAGEN GROUP

Sales 15,791

Investments 1,536

Profit 407

Vehicle Sales

VOLKSWAGEN GROUP

Germany 725,055

Abroad 1,481,866

Total 2,206,921


VOLKSWAGEN GROUP



Total 190,306



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1 9 8 0 — 1 9 8 4

March 1980The Audi quattro four-wheeldrive creates a stir at theGeneva Motor Show.

May 8, 1980

At t he Energy Symposium in Wolfsburg, Volkswagenpresents the Formula E.

December 1980“V W Kraft werk GmbH” isfounded in Wolfsburg.

August 1981

Production of the Santanabegins. Production of thesecond generation Polobegins in Wolfsburg.

January 1, 1982Carl H. Hahn becomesChairman of the Board of

Management.September 30, 1982 A license agreement for theproduction of the VolkswagenPassat, Sa ntana and Polomodels is signed with“Sociedad Española de

Automóviles de Turismo”(SEAT).

November 1982The Caddy city va n goes intoseries production.

June 1983Production of the second

generation Golf begins.February 3, 1984The new research centreat the plant in Wolfsburg isinaugurated.

December 1984 Volkswagen acquires t hemajority of shares in theItalian general importer“Autogerma S.p.A.”

1 9 8 0

Vehicle Production

VOLKSWAGEN GROUP

2,573,871


VOLKSWAGEN GROUP

Sales 33,288

Investments 4,279

Profit 321

Vehicle Sales

VOLKSWAGEN GROUP

Germany 787,591

Abroad 1,707,156

Total 2,494,747


VOLKSWAGEN GROUP



Total 257,930



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1 9 8 5 — 1 9 8 9

January 1, 1985“Audi NSU Auto Union AG”is renamed “AUDI AG”. Theregistered office moves fromNeckarsulm to Ingolstadt.

April 20, 1985“Shanghai-Volkswagen Auto-motive Company Ltd.” isestablished. “Volkswagenwerk AG” has a 50 percent share inthe German-Chinese joint

venture.July 4, 1985The name of the company ischanged to “Volkswagen AG”.

September 1, 1985 Series production of the Santana

begins in China.June 18, 1986 Volkswagen AG acquires51 percent of the capital stock ofSEAT and increases its share to75 percent by the end of the year.

January 1988 The Corrado sport coupé goesinto series production.

August 24, 1988 A licence agreement for theproduction of the Audi 100 in

China is signed with “First Automobile Works” inChangchun.

Autumn 1989 Market launch of the Audi 100TDI, the first Group model witha turbo direct-injection dieselengine.

1 9 8 5

Vehicle Production

VOLKSWAGEN GROUP

2,398,196


VOLKSWAGEN GROUP

Sales 52,502

Investments 3,388

Profit 596

Vehicle Sales

VOLKSWAGEN GROUP

Germany 721,812

Abroad 1,676,192

Total 2,398,004


VOLKSWAGEN GROUP



Total 259,047



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1 9 9 0 — 1 9 9 4

February 6, 1991“FAW-Volkswagen AutomotiveCompany Ltd.” is established inChangchun.

April 16, 1991 Volkswagen AG acquires“SKODA automobilovà a.s.”, which is integrated into the Volkswagen Group as the fourthbrand. The well-respectedtraditional Czech companymarketed its first automobiles

in 1905.

June 24, 1991“AutoEuropa Automóveis Lda.”is established in Setúbal,Portugal, for the production ofa multi-purpose vehicle (MPV).

January 1, 1993Ferdinand Piëch becomesChairman of the Board ofManagement.

February 18, 1993“AUDI HUNGARIA MOTOR Kft.”

registered in Györ is establishedto produce engines.

January 1, 1994“Volkswagen Finanz GmbH”established three years earlier isrenamed “Volkswagen FinancialServices AG.”

March 1994 Audi presents the Audi A8,its sporty top-class limousinefeaturing the brilliantlyinno vative lightweightaluminum construction.

1 9 9 0

Vehicle Production

VOLKSWAGEN GROUP

3,057,598


VOLKSWAGEN GROUP

Sales 68,061

Investments 5,372

Profit 1,086

Vehicle Sales

VOLKSWAGEN GROUP

Germany 945,384

Abroad 2,084,795

Total 3,030,179


VOLKSWAGEN GROUP



Total 268,744



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1 9 9 5 — 1 9 9 9

July 4, 1995The “Commercial Vehicles”brand is introduced.

November 17, 1995“Volkswagen Argentina S.A.”commissions its new productionplant in Pacheco near Buenos Aires.

August 1997 At the Wolfsburg site the fourthGolf generation goes into

production.

December 1997“Volkswagen de México” startsproduction of the New Beetle.

July 1998 Acquisition of “Bugatti Inter-

national S.A. Holding” and“Bentley Motor Cars Ltd.”, whose automobile traditiongoes back as far as 1919.

September 1998“AUDI AG” acquires the Italian

sports car manufacturer“Lamborghini S.p.A.”

July 1999 Volkswagen makes automobilehistory with the start of the Lupo3L TDI, the world’s first standardproduction 3-liter vehicle.

December 23, 1999The assembly company“SKODA Auto India Private Ltd.”is established in Aurangabad.

1 9 9 5

Vehicle Production

VOLKSWAGEN GROUP

3,408,422


VOLKSWAGEN GROUP

Sales 88,119

Investments 6,863

Profit 336

Vehicle Sales

VOLKSWAGEN GROUP

Germany 937,323

Abroad 2,504,623

Total 3,441,946


VOLKSWAGEN GROUP



Total 259,342



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2 0 0 0 — 2 0 0 4

June 1, 2000The “Autostadt” opens in Wolfsburg.

December 11, 2001The “Gläserne Manufaktur”is opened in Dresden andproduction of the Phaetonbegins.

April 16, 2002Bernd Pischetsrieder becomesChairman of the Board of

Management of Volkswagen AG.August 2002Series production of the Touaregbegins at Volkswagen “Slovakia,a.s.” in Bratislava.

December 2002

Production of the Touran startsin Wolfsburg. After only six years, the versatile compact van boasting high-quality workmanship already topsthe one million mark.

August 2003 Production of the fifthgeneration Golf begins.

2 0 0 0

Vehicle Production

VOLKSWAGEN GROUP

(thousands) 5,156

Financial Data (million €)

VOLKSWAGEN GROUP

Sales 81,835

Investments 14,563

Profit 2,614

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



73/138

2 0 0 5

March 11, 2005The sixth generation Passatlimousine is launched, thesuccessful Passat Estate modelfollows on August 19.

May 24, 2005The one hundred millionth Volkswagen, a Touran, leavesthe assembly line at the Wolfs-burg plant.

September 15, 2005

The Bugatti Veyron takes to theroad. The technical wonder fromthe 1001-hp world in Molsheim, Alsace, transforms the masterlyengineering craftsmanshipof the automotive visionaryEttore Bugatti into contempo-

rary automotive performance.

September 21, 2005Production of VolkswagenCommercial Vehicles’ new“Constellation” truck familybegins in Resende, Brazil. The

seven- to forty-tonne trucks holda 33 percent share of the marketin Brazil.

2 0 0 5

Vehicle Production

VOLKSWAGEN GROUP

(thousands) 5,219


VOLKSWAGEN GROUP

Sales 93,996

Investments 10,365

Profit 1,050

Vehicle Sales

VOLKSWAGEN GROUP





VOLKSWAGEN GROUP


companies (thousands) 166

Total (thousands) 345



74/138

2 0 0 6

Vehicle Production

VOLKSWAGEN GROUP

(thousands) 5,660


VOLKSWAGEN GROUP

Sales 104,875

Investments 11,911

Profit 1,955

Vehicle Sales

VOLKSWAGEN GROUP





VOLKSWAGEN GROUP




2 0 0 6

March 3, 2006Series production of theRoomster, much acclaimed forits clever space concept, starts atthe SKODA plant in Kvasiny.

March 10, 2006Market launch of the Audi Q7luxury SUV; 52,750 vehicles hadalready been sold by the end ofthe year.

May 19, 2006

The Volkswagen Eos, the newconvertible-coupé, is launchedon the German market.

October 3, 2006 Volkswagen acquires an initial15.06 percent stake in “MAN

Aktiengesellschaft”.November 1, 2006The collective bargaining agree-ment between Volkswagen AGand IG Metall providing for a working time corridor with aceiling of 34 hours comes into

force. At the same time, produc-tion volumes are agreed for thesix traditional plants in order toimprove capacity utilization andsafeguard jobs.

December 1, 2006

“Volkswagen Financial Ser vices”takes over the processing ofmotor vehicle third-partyliability claims with a view toimproving repair quality by inte-grating the Group’s authorized workshops and safeguarding

customer-friendly claims pro-cessing.



75/138

2 0 0 7

Vehicle Production

VOLKSWAGEN GROUP

(thousands) 6,213


VOLKSWAGEN GROUP

Sales 108,897

Investments 13,497

Profit 4,122

Vehicle Sales

VOLKSWAGEN GROUP





VOLKSWAGEN GROUP




2 0 0 7

January 1, 2007Dr. Martin Winterkorn becomesChairman of the Board ofManagement of Volkswagen AG.

March 23, 2007

The 25 millionth Golf, a GolfSportline 1.4 TSI, leaves theassembly line at the Wolfsburgplant.

July 9, 2007The “Autostadt” in Wolfsburg

delivers its one millionth vehicle.

August 2007Series production of the Tiguancompact SUV – characterizedby versatility, high-quality

craftsmanship and technicalinnovations such as the electro-mechanical steering system –begins in Wolfsburg.

October 5 - 7, 2007International VW Bus Meetingin Hanover to celebrate“60 Years of the Bulli”.

November 9, 2007The 15 millionth Passat to bebuilt worldwide leaves theassembly line at the Emdenplant.

December 5, 2007 Volkswagen unveils the “NewSmall Family”, presenting three versions of the up! concept carat the Bologna Motor Show.



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2 0 0 8

March 3, 2008 Volkswagen increases its capitalinterest in Scania to 37.73percent and its share of the voting rights to 68.60 percent.

The Swedish truck manufacturerfounded in 1891 is integrated inthe Group as the ninth brand.

April 18, 2008“Shanghai Volkswagen” opensits fourth production plant withan annual capacity of 60,000 vehicles in Nanjing.

August 16, 2008Bugatti presents the Veyron16.4 Grand Sport, a super sportsroadster.

September 2008 Volkswagen presents the sixthgeneration of the Golf.

October 30, 2008By setting up a subsidiaryin China, Lamborghinistrengthens its commitment

to developing strategic growthmarkets.

December 15, 2008 Volkswagen sells its heavy truck business in Brazil to“MAN Aktiengesellschaft”.

December 16, 2008ŠKODA opens a new TechnologyCenter in Mladá Boleslav, thusexpanding its competence inpassenger car development.

2 0 0 8

Vehicle Production

VOLKSWAGEN GROUP

(thousands) 6,347


VOLKSWAGEN GROUP

Sales 113,808

Investments 19,710

Profit 4,688

Vehicle Sales

VOLKSWAGEN GROUP





VOLKSWAGEN GROUP






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2 0 0 9

January 18, 2009 Volkswagen writes motorsporthistory with the Race Touareg:a double victory for the brandand the first win by a diesel in

the automobile category at theDakar Rally across Argentinaand Chile.

March 31, 2009The new plant with an annualproduction capacity of up to

110,000 vehicles opens in theIndian city of Pune.

May 11, 2009Press presentation of the newPolo: the new model is in a classof its own when it comes to

quality, workmanship, safetyand efficiency. So it is hardlysurprising that the vehicle winsmany awards, including “Car ofthe Year 2010”.

May 23, 2009

VfL Wolfsburg soccer clubbecomes German champion forthe very first time: the success ofthis particular brand ambassa-dor delights fans both far andnear.

2 0 0 9

Vehicle Production

VOLKSWAGEN GROUP

(thousands) 6,055


VOLKSWAGEN GROUP

Sales 105,187

Investments 10,428

Profit 911

Vehicle Sales

VOLKSWAGEN GROUP





VOLKSWAGEN GROUP






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September 15, 2009 Volkswagen presents itsautomotive update on thefuture with the near-productionprototype of the sensational

1-liter car, the L1, at theFrankfurt Motor Show.

October 20, 2009 At an inauguration ceremonyattended by Russia’s PrimeMinister Putin, the production

plant in Kaluga, Russia, designedfor an annual capacity of up to150,000 units which began vehicle assembly in November2007 starts full production withits own body shop, paint shopand assembly lines.

October 29, 2009The Group Board of Manage-ment, the International Metal- workers’ Federation and Volkswagen employee represen-tatives agree binding minimum

standards regarding in-houseparticipation rights for demo-cratically elected labour repre-sentatives in the “Charter onLabour Relations”.

December 7, 2009

Volkswagen AG takes a 49.9percent participation in“Dr.-Ing. h.c. F. Porsche AG”,a milestone on the path towardsan integrated automotive group.



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2 0 1 0

Vehicle Production

VOLKSWAGEN GROUP

(thousands) 7,358


VOLKSWAGEN GROUP

Sales 126,875

Investments 9,278

Profit 7,226

Vehicle Sales

VOLKSWAGEN GROUP





VOLKSWAGEN GROUP





2 0 1 0

February 27, 2010Start of the “Think Blue.” imageand marketing campaign, whichis an expression of responsiblecorporate behavior to achieve

efficient and sustainablemobility for everyone.

March 2, 2010 Volkswagen enters the pickupsegment with the debut of theEuropean version of the Amarok

at the Geneva Motor Show. The American version unveiled in Argentina a month earlier aimsto score in the classic pickupregions with emission levels thatare lower than those of otherpickups.

April 14, 2010 The issue of 65 million preferredbearer shares increases theshare capital of Volkswagen AGby a nominal €166.2 million.The world’s largest capital

increase in the automotivesector raised by a public offeringgenerates net proceeds ofapproximately €4.1 billion.


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May 3, 2010The Golf blue-e-motion conceptcar, an all-electric

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