Summary and Report on post-balance sheet date events

SUMMARY OF THE RISK SITUATION OF THE GROUP

The Volkswagen Group’s overall risk situation results from the specific risks shown above. Our comprehensive risk management system ensures that these risks are controlled. Furthermore, taking into account all the information known to us at present, no risks exist which could pose a threat to the continued existence of the Volkswagen Group.

REPORT ON POST-BALANCE SHEET DATE EVENTS

Porsche Automobil Holding SE notified us on January 5, 2009 that it had increased its share of the voting rights in Volkswagen AG to 50.76%.

Volkswagen AG expects to acquire from Porsche Automobil Holding SE on February 20, 2009 the shares of Scania AB, Södertälje, Sweden, acquired by Porsche Automobil Holding SE under the terms of a mandatory bid procedure (2.34% of the voting rights and 7.93% of the share capital) and thus to increase its interest in Scania to 49.29% of the share capital and 71.81% of the voting rights.

On February 17, 2009, the SoFFin notified us that Volkswagen Bank GmbH had received a guarantee facility to refinance vehicle loans of up to €2.0 billion.

There were no other significant events after the end of the fiscal year.

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