Brands and Business Fields

Volkswagen Group’s vehicles and financial services inspire customers worldwide

Group Structure

The Volkswagen Group consists of two divisions: Automotive and Financial Services. The Automotive Division is responsible for the development of vehicles and engines, the production and sale of passenger cars, commercial vehicles, trucks and buses, and the genuine parts business. The Financial Services Division’s portfolio of services includes dealer and customer financing, leasing, banking and insurance activities, and fleet management.

On July 22, 2008, the Volkswagen Group increased its share of voting rights in Scania to 68.6%. As a result, Scania has been consolidated as the Group’s ninth brand. While the commercial vehicles and buses business has been included in the figures for the Automotive Division, Scania’s financial services business is reported in the Financial Services Division.

On the following pages, we explain the key volume and financial data relating to the individual brands and to Volkswagen Financial Services, reflecting the Group structure in 2008. Production figures and deliveries to customers are presented by product line, while unit sales figures refer to models sold by each brand company, including vehicles of other Group brands.

In addition, we explain the unit sales and sales revenue on our markets: Europe/Remaining markets, North America, South America/South Africa and Asia-Pacific.

KEY FIGURES BY MARKET

Despite the increasingly tough environment, the Volkswagen Group’s unit sales in fiscal year 2008 were 6.3 million vehicles, 1.3% higher than the year before. Sales revenue rose by 4.5% to €113.8 billion.

3.7 million units were sold last year in the Europe/ Remaining markets region, a decline compared with the previous year. At €81.1 billion, sales revenue was 4.4% higher than in the previous year. One of the reasons for this was the improved financial services business.

We sold 500,000 vehicles in North America in fiscal year 2008, exceeding the previous year’s level by 4.3%. The continued unfavorable exchange rates in particular were responsible for reducing sales revenue by 3.8% year-on-year to €12.7 billion.

Volkswagen Group

Group structure

Group sales in the South American/South African markets increased by 6.3% to 0.9 million units. Once again, the greatest growth rates were generated in Brazil and Argentina, although growth weakened considerably in the second half of the year. Sales revenue increased by 10.0% year-on-year to €11.5 billion because of the increased sales volume and a further increase in the external value of the Brazilian real.

In the Asia-Pacific region, including the joint ventures in China, a total of 1.2 million Group vehicles were sold during fiscal year 2008, 8.1% more than in the year before. As a result, sales revenue rose by 12.2% to €8.5 billion. This figure does not include the sales revenue of the Chinese joint ventures, as these are accounted for using the equity method.

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KEY FIGURES BY BRAND AND BUSINESS FIELD

thousand vehicles/
€ million

 

Vehicle sales

 

Sales revenue

 

Sales to
third parties

 

Operating result

 

     2008

 

2007

 

2008

 

2007

 

2008

 

2007

 

2008

 

2007

1

Vehicles & Services and Financial Services; period from July 22, 2008 to December 31, 2008.

2

The sales revenue and operating results of the joint venture companies in China are not included in the figures for the Group. The Chinese companies are accounted for using the equity method and recorded an operating profit (proportionate) of €395 million (€294 million).

3

Mainly intragroup items recognized in profit or loss, in particular from the elimination of intercompany profits; 2008 figure includes depreciation and amortization of identifiable assets as part of the purchase price allocation for Scania.

Volkswagen
Passenger Cars

 

3,648

 

3,664

 

72,928

 

73,944

 

58,806

 

60,201

 

2,715

 

1,940

Audi

 

1,275

 

1,200

 

34,196

 

33,617

 

22,052

 

21,078

 

2,772

 

2,705

Škoda

 

626

 

620

 

8,039

 

8,004

 

5,783

 

5,925

 

565

 

712

SEAT

 

375

 

411

 

5,196

 

5,899

 

3,807

 

4,375

 

–78

 

8

Bentley

 

8

 

10

 

1,084

 

1,376

 

1,016

 

1,294

 

10

 

155

Volkswagen
Commercial Vehicles

 

439

 

427

 

9,607

 

9,297

 

7,246

 

6,548

 

375

 

305

Scania1

 

31

 

 

3,865

 

 

3,865

 

 

417

 

VW China2

 

989

 

930

 

 

 

 

 

 

Other

 

–1,119

 

–1,070

 

–32,036

 

–33,385

 

1,040

 

750

 

–1,3363

 

–6313

Volkswagen Financial Services

 

 

 

 

 

10,929

 

10,145

 

10,193

 

8,726

 

893

 

957

Volkswagen Group

 

6,272

 

6,192

 

113,808

 

108,897

 

113,808

 

108,897

 

6,333

 

6,151

of which: Automotive               Division

 

6,272

 

6,192

 

102,632

 

98,752

 

103,368

 

100,171

 

5,428

 

5,194

Financial Services Division

 

 

 

 

 

11,176

 

10,145

 

10,440

 

8,726

 

905

 

957

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KEY FIGURES BY MARKET

 

 

Vehicle sales1

 

Sales revenue

thousand vehicles/€ million

 

2008

 

2007

 

2008

 

2007

1

All figures shown are rounded, so minor discrepancies may arise from addition of these amounts.

2

The sales revenue of the joint venture companies in China are not included in figures for the Group and the Asia-Pacific market.

Europe/Remaining markets

 

3,659

 

3,743

 

81,149

 

77,703

North America

 

534

 

512

 

12,716

 

13,219

South America/South Africa

 

911

 

857

 

11,490

 

10,443

Asia-Pacific2

 

1,168

 

1,080

 

8,453

 

7,532

Volkswagen Group2

 

6,272

 

6,192

 

113,808

 

108,897

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