Volkswagen Group sales as per Strategy 2018 targets

Despite challenging economic conditions prevalent across the globe, Volkswagen Group sales are bang on target and the company is surging ahead to reach their Strategy 2018 targets. Dr. Martin Winterkorn, Chairman of the Board of Management addressed the 20,000 employees at the company’s Wolfsburg plant in Tuesday at which other members of the board such as Prof. Dr. Ferdinand K. Piëch, Chairman of Volkswagen’s Supervisory Board, and Supervisory Board member Ursula M. Piëch were also present.

With an aim of becoming the world’s best auto manufacturer by 2018, Winterkorn thanked his employees and praised them for the strong team performance despite conditions becoming more competitive. Volkswagen’s new Golf is on its way out and will be revealed at the upcoming Paris Motor Show 2012 to be held later this month. The vehicle was also unveiled in Berlin yesterday and it is hoped that the new model which will make its way into markets from early 2013 will build on the successes of its earlier model of which 29 million units have been sold.

The new Golf 7th Gen is lighter by 100 kgs which will make it 23% more efficient while it is also safer thanks to a new body structure. Golf will be offered with driver’s profile selection which permits the driver to choose from a total of four modes – Eco, Sport, Normal and Individual.

Auto news release: Volkswagen Group remains solidly on track
Europe’s largest automaker is on course to meet its Strategy 2018 targets

Economic conditions are challenging and will remain so

Prof. Dr. Martin Winterkorn: “Thank you for the strong team performance”

Works meeting at the Wolfsburg plant
The Volkswagen Group continues on the right track in spite of the economic conditions. “We’ve got what it takes to keep Volkswagen on course”, Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, told some 20,000 employees at a works meeting at the Wolfsburg plant on Tuesday. The works meeting was also attended by Prof. Dr. Ferdinand K. Piëch, Chairman of Volkswagen’s Supervisory Board, and Supervisory Board member Ursula M. Piëch.

Winterkorn said that conditions had become noticeably harder and tougher. He nevertheless reiterated the company’s long-term goal: “We want to become the world’s best automaker by 2018.” Winterkorn also thanked employees for their “strong team performance” in getting production of the new Golf underway: “That is especially important now during ramp up!” Christian Klingler, Board Member for Sales and Marketing for the Volkswagen Group and the Volkswagen Passenger Cars brand, then presented the new Golf campaign and underscored that the success story would continue with the best Golf of all time. “The Golf, DAS AUTO, remains true to its name”, Klingler said.

CFO Hans Dieter Pötsch also agreed that Volkswagen with its twelve fascinating brands is in an excellent position. “The Volkswagen Group has been demonstrating its strength and robustness for months, even in times of economic uncertainty”, he told employees, and went on to say that this was not only confirmed by the figures for the first half year, but also by the positive trend in vehicle deliveries during the first eight months, when the Group outperformed the market. Pötsch emphasized, however, that the second half of the year would be harder. “The underlying conditions are challenging and will remain so”, he said.