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Volkswagen Truck & Bus sold around 184,000 trucks and buses under the MAN, Scania and Volkswagen Caminhões e Ônibus brands in fiscal year 2016. This marks a 3 percent increase over the previous year.

Volkswagen Truck & Bus, the commercial vehicle arm of Volkswagen AG, set key strategic milestones in 2016. The alliance with US truck manufacturer Navistar which will open up entry into the North American market, further expand global presence, and leverage additional synergies is just one example. The company also took a key step in the closer integration of its existing MAN and Scania brands: the so-called "Lead Engineering" concept lays down clear principles for joint activities in the development of vehicle components. The IAA Commercial Vehicles show saw the Group present a whole host of new products such as the Volkswagen Crafter, the MAN TGE, and Scania's new truck generation alongside forward-looking drive concepts like the MAN eTruck, a fully-electric distribution truck.

The Volkswagen Group is joining the eRoaming platform Hubject GmbH as shareholder. With the strategic investment in the Berlin-based company, Europe's largest car maker will push ahead with the digital interconnection of charging stations for electric vehicles starting in early 2017 as well as the expansion and internationalization of Hubject GmbH together with the founding shareholders.

The Volkswagen Group today officially launched its new mobility services company at the "Tech Crunch Disrupt" technology event in London. With MOIA, the automaker is systematically driving forward its transformation into a globally leading provider of sustainable mobility. "MOIA will help us gain a deeper understanding of new forms of mobility and how to make them even more attractive in future, to offer a much broader scope than at present and to tailor these services to suit very wide-ranging needs. Even though not everyone will still own a car in future, MOIA can help make everyone a customer of our company in some way or another", Matthias Müller, CEO of the Volkswagen Group, said.

Volkswagen Group is adapting its financial planning to current trends and creating a solid basis for implementing "TOGETHER – Strategy 2025", its agenda for the future. This plan aims to reduce the capex ratio and the development cost ratio to a competitive level in the next few years – despite the huge challenges facing the entire automotive industry. These important financial indicators will be reduced annually, each decreasing to approximately 6.0% by 2020. In 2015 the capex ratio in the Automotive Division was still at 6.9%. In addition, the investment focus will also reinforce the new alignment of the Volkswagen Group: Even in the current fiscal year, investments in product-unrelated areas have been reduced by approximately €1 billion. "This is a major achievement brought about by all brands and companies of our group, and it frees up funds for important future projects," remarked Matthias Müller, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, after the regular Supervisory Board meeting.

Volkswagen Truck & Bus sold 132,860 trucks and buses from January through September 2016, up 3% year-on-year.

The Volkswagen Group generated an operating profit before special items of €11.3 (10.2) billion in the first nine months of the year, representing an increase of 10.5%. The sales revenue of €159.9 billion was on a level with the previous year and the operating return on sales before special items amounted to 7.0 (6.4)%. However, earnings in the third quarter were impacted by further provisions recognized in connection with the diesel issue of €0.4 billion. For the period January to September, operating profit after special items amounted to €8.6 (3.3) billion. Profit after tax was €5.9 (4.0) billion.

Recently appointed by the Volkswagen Group, the Sustainability Council made up of members from several nations set the agenda for its work at its inaugural meeting today. It elected Georg Kell, Founding Director UN Global Compact, as its chair. Its first areas of focus in 2017 will be the challenges of global CO₂ pollution and the corresponding regulations post 2025, plus the company's transformation process. For the proposal and funding of its own projects the Volkswagen Group is proactively making € 20 million available for the first two years.