Volkswagen Group Global News and Yearly Sales


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They might not have overtaken Toyota yet, but Volkswagen Group have managed a record 2012 nevertheless. During the 12-month period, the German conglomerate managed to deliver over 9 million vehicles, a first for them.

The company’s figures show 9.07 million vehicles sold, representing a 11.2 percent increase over the 8.16 million of 2011. The Group also finished the month of December with a 20.7 percent increase, delivering 784,300.

Strong growth was reported in the North American and Asian-Pacific regions. Despite the slowing economy, European demand only shrank by 0.3% last year.

“The Volkswagen Group developed extremely well in difficult conditions. 2012 was the best sales year ever. This is another big step forward in our Strategy 2018. Tough challenges lie ahead. The Volkswagen Group has everything it takes to face these challenges and to play a leading role on world markets,” said Chairman of Volkswagen Aktiengesellschaft’s Board of Management, Prof. Dr. Martin Winterkorn.

“All the brands in our Group contributed to this very good delivery performance in 2012. This is an excellent team achievement. We are still keeping a vigilant eye on the future, because the present uncertainties will intensify this year, particularly in Western Europe. The markets are challenging and competition is also getting tougher,” added Group Board Member for Sales, Christian Klingler.

Volkswagen Group Delivered 9 Million Vehicles in 2012! - autoevolution

At this rate their dream of becoming No.1 automobile company in the world in terms of sale is not far behind.
 
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Re: VW Group Delivered 9 Million Vehicles in 2012!

Volkswagen sees tougher competition after record 2012 sales

After posting record global sales in 2012, Volkswagen Group expects tougher competition and more uncertainties this year, CEO Martin Winterkorn said.

Deliveries in 2012 rose 11 percent to 9.07 million vehicles, VW said in a statement today. Last year "was the best sales year ever," Winterkorn said in the statement. "This is another big step forward in our Strategy 2018."

Included in the number are all VW Group brands, such as Audi, Porsche, Skoda and Seat, as well as the core VW marque.

With last year's gains, VW has increased annual group deliveries 44 percent since 2009.

By expanding in the United States and China, VW has largely shrugged off the effects of the debt crisis on European car demand, which has fallen more than 20 percent since its 2007 peak.

VW's ability to continue to grow will be challenged by slowing sales in Germany. Industrywide registrations in VW's home market tumbled 16 percent in December, leading to overall decline of 3 percent drop in 2012.

"Many markets are losing momentum," Winterkorn said at an event in Detroit. "If the European markets are getting weaker, we need to expand abroad."

Volkswagen said earlier that the company will increase sales further in 2013 and will top the year earlier operating profit.

VW's growth last year was paced by the Audi luxury brand. Sales at the carmaker's biggest earnings contributor rose 12 percent to 1.46 million cars and SUVs. Sales at Porsche, which was fully integrated into the company in August, edged up 19 percent to 141,075 vehicles, also a record.

All regions posted more than 10 percent growth.

Volkswagen's deliveries in 2013 may stagnate, according to IHS Automotive. Volkswagen's total sales are forecast to edge 0.7 percent higher to 9.15 million vehicles in 2013, its slowest growth pace since the financial crunch in 2009, according to IHS Automotive.

To maintain growth, VW plans to double its lineup of SUVs for the VW brand. VW premiered the Taigun compact SUV concept at Sao Paulo Motor Show in October.

New SUV

At the Detroit auto show, VW will debut an SUV concept dubbed Crossblue that will be priced between the smaller Tiguan and upscale Touareg. The vehicle would seat as many as seven passengers and challenge Ford's Explorer, Toyota's Highlander and Chrysler Group's Jeep Grand Cherokee, which all start at about $29,000.

"The SUV segment is posting the strongest growth," said Frank Biller, an analyst with LBBW in Stuttgart, Germany. "This is where the action is."

The new SUV could help Volkswagen reach its target of increasing U.S. sales to 1 million Audi and VW vehicles by 2018 from 577,443 last year.

VW, which vies with General Motors for the lead in China, lags global rivals in the United States. Volkswagen could build the car at its $1 billion plant in Chattanooga, Tennessee, where it started production of a U.S. version of the mid-sized Passat sedan in 2011. The factory, which can produce about 220,000 vehicles annually as it's currently set up, was VW's first in the U.S. since it closed a facility in Pennsylvania in 1988.

Catching up in North America is crucial for Volkswagen's plan to overtake and Toyota to become the world's largest automaker by 2018.

Producing vehicles in North America instead of importing them from Europe has reduced Volkswagen's exposure to currency swings between the dollar and the euro, which have weighed on profits in the past. Volkswagen has the goal of making its money-losing U.S. operations profitable again in 2013.



Read more: http://www.autonews.com/article/20130114/ANE/301149879#ixzz2I0gcJf4I
 
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Re: Volkswagen Group Delivered 9 Million Vehicles in 2012!

VW Group Opens its 100th Plant Worldwide in Mexico, will Build New TSI Engines

On Tuesday, January 15, the Volkswagen Group cut the ribbon on a new engine plant in Silao in the central Mexican state of Guanajuato. The opening of the factory marks a new milestone for the German automaker as the Silao facility is the group's 100th worldwide plant.
The inauguration ceremony was attended by the President of Mexico, Enrique Peña, the Governor of the state of Guanajuato, Miguel Marquez, and VW Group chief executive Martin Winterkorn.

Engine production in Silao will supply the North American vehicle plants in Puebla, Mexico, and Chattanooga, USA, with the latest generation of TSI turbocharged gasoline engines, including the EA 888 family, a version of which (1.8-liter with 247hp) is featured in the VW Passat Performance Concept that is being displayed at the Detroit motor show.

According to the German automaker, the $550 million plant has been designed for a medium-term annual capacity of 330,000 engines and will directly employ more 700 new workers with further jobs to be created at suppliers and in the service sector.

"The Silao factory is the Volkswagen Group’s 100th plant and therefore represents one of the largest and most international production networks in the automotive industry," stated Winterkorn. "With this new plant we are driving our ambitious major North American offensive forward. Over the next three years the Volkswagen Group will be investing more than $5 billion in North America alone. Silao is thus also a strong symbol of our uninterrupted growth trajectory and the Group’s continuing internationalization."

VW Group Opens its 100th Plant Worldwide in Mexico, will Build New TSI Engines - Carscoop
 

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Re: Volkswagen Group Delivered 9 Million Vehicles in 2012!

Volkswagen Group global deliveries up 14.9 percent in January

The Volkswagen Group posted a 14.9 percent increase in deliveries for January which totaled 749,900 vehicles.

Deliveries in the Asia-Pacific region rose as a result of the special situation in China. VW Group delivered 326,200 (+39.7 percent) new vehicles in the region in January, of which 298,300 (+43.3 percent) were handed over to Chinese customers. As a result of the later date set for the Chinese New Year, deliveries in January were noticeably higher than for the same month last year. However, this effect will be reversed in February. In India, the company delivered 7,800 (-17.1 percent) vehicles to customers in January.

In the North America region Volkswagen Group handed over 62,600 (+17.0 percent) vehicles to customers in January, of which 42,700 (+16.2 percent) units were delivered in the United States, the region’s largest single market. Europe’s biggest carmaker delivered 77,300 (-0.9 percent) vehicles to customers in the South America region, of which 55,400 (+6.2 percent) were handed over in Brazil, the region’s largest market.
On the overall European market the Volkswagen Group handed over 252,200 (-3.0 percent) vehicles to customers, of which 138,100 (-4.4 percent) units were delivered in the Western Europe region (excluding Germany). In Central and Eastern Europe, deliveries during the same period ran at 40,200 (-2.9 percent) units. In the home market of Germany the Volkswagen Group handed over 73,900 (-0.2 percent) vehicles.

Brandwise, Volkswagen Passenger Cars delivered over 491,900 (+17.4 percent) units in January, while Volkswagen Commercial Vehicles handed over 37,900 (-4.0 percent) light commercial vehicles in January.

Premium brand Audi handed over 111,800 (+16.3 percent) vehicles in January, while sports car manufacturer Porsche delivered a total of 12,100 vehicles. Skoda handed over 69,500 (-7.8 percent) units, with SEAT delivering 25,900 (+19.1 percent) vehicles worldwide in January.

Volkswagen Group global deliveries up 14.9 percent in January
 
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Re: Volkswagen Group Delivered 9 Million Vehicles in 2012!

VW CEO to have his 2012 paycheck cut by 20 percent

Volkswagen CEO Martin Winterkorn will receive a 14 million euros ($18.7 million) paycheck for 2012, 20 percent less than in 2011.

According to a report from German magazine Der Spiegel cited by Reuters, not only Winterkorn will see his salary reduced, as VW’s supervisory board will decide on a new compensation package for all management board members at its next meeting on February 22.

Der Spiegel, which did not cite sources, also reported that in the future, bonuses will only be paid to board members if the company’s profit reaches at least 5 billion euros. Volkswagen declined to comment on the report.

According to an earlier report by Der Spiegel, Martin Winterkorn himself proposed that he should take a pay cut, as the carmaker prepares to open wage talks with production staff in western Germany.

In conformity with current rules on executive pay, that combine fixed salary, bonuses and profit incentives, Winterkorn’s total compensation for 2012 should be about 20 million euros from a record 17.5 million euros in 2011, a company official previously said.
Martin Winterkorn is the highest-paid top manager among the biggest companies in Germany. The IG Metall labor union has called for limits on top managers’ pay packages.

VW CEO to have his 2012 paycheck cut by 20 percent

Looking at the way Tata Motor's bleeding in the recent times i guess they should follow VW footsteps.
 
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Re: Volkswagen Group Delivered 9 Million Vehicles in 2012!

Volkswagen Hands Out a €7,200 Bonus to German Employees

Good news for Volkswagen's German workforce as Europe's largest carmaker is sharing some of the record profits the company delivered in 2012 with its employees.
VW said on Wednesday that it will pay German workers a bonus of €7,200 or a little over US$9,400 at the current exchange rates for 2012, which is about 4 percent less than what the company handed out in 2011 (€7,500), despite the fact that its preliminary net profit rose to €21.72 billion in 2012 from €15.41 billion the previous year.

The bonus was given to around 100,000 VW employees in Germany.

"Profit sharing is hard earned and deserved; it is the equitable participation of employees in the success," said VW board member Horst Neumann. "The Volkswagen team has done an excellent job in 2012, and this team effort pays off for everyone."

Neumann, however, also warned that the situation in Southern Europe may affect the company's future growth and profits.

"The road is bumpy," he said. "The consequences of the financial crisis in southern Europe have not been overcome."

Volkswagen Hands Out a €7,200 Bonus to German Employees - Carscoops
 
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Re: Volkswagen Group Delivered 9 Million Vehicles in 2012!

CEO Martin Winterkorn Says VW Open to Further Acquisitions

VW CEO Martin Winterkorn said that the automaker is open to further acquisitions.

“We are currently well positioned with 12 brands, but there are always opportunities that one cannot pass up,” Winterkorn said. “We have no further projects in the drawer, but we’re always wide awake to what’s happening in the world.”
CEO Martin Winterkorn Says VW Open to Further Acquisitions
 
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Re: Volkswagen Group Delivered 9 Million Vehicles in 2012!

Volkswagen achieves targets for 2013, promising start to 2014.​

The year 2014 has also commenced on a favorable note, with worldwide sales of 1.5 million passenger cars and light commercial vehicles delivered seeing a rise of 4.7% YoY.

Volkswagen Group hoped to cross the 10 million delivery mark by 2018 but with sales going as per schedule, this target may even be reached during the year 2014 itself.
100 new models, successors and product enhancements are also planned for the year 2014-15 and 2015-16 which will include the new Passat, Audi A4 and Audi Q7 besides the Porsche Macan and a plug in hybrid version of Porsche Cayenne. A new Skoda Fabia, Skoda Superb and Seat Ibiza are also on the cards and slated for launch ahead.
 
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