All Press Releases

The Volkswagen Group grew deliveries in the month of June by 5.1 percent compared with the prior year, handing over 883,400 vehicles to customers. In total, deliveries for the first half of 2016 ran at 5.12 million units, representing an increase of 1.5 percent over the corresponding prior-year period. While the regions of Europe and Asia-Pacific continued to show solid growth, deliveries in the North America region were slightly down on the prior-year level. The South America region recorded a further decrease. "Solid growth overall during the first half year is partly attributable to the strong performance in June. The main impetus came from the regions of Europe and Asia-Pacific. The pleasing result reflects our customers' trust in our products even in these challenging times", said Fred Kappler, Head of Group Sales.

Volkswagen Truck & Bus has sold 89,640 trucks and buses in the first three months of 2016, up 3% on the prior-year level.

The Volkswagen Group and LG Electronics have signed a memorandum of understanding on joint research and development of a next-generation connected car service platform.

In the first quarter of the current fiscal year, the Volkswagen Group delivered a solid performance in a challenging market and competitive environment. Despite positive mix effects and an increased contribution by the Financial Services Division, Group sales revenue was down 3.4 percent on the strong prior-year figure, at EUR 51.0 billion. This slight decline is primarily attributable to the fall in vehicle unit sales and negative exchange rate effects. Operating profit climbed to EUR 3.4 (3.3) billion, with the reported figure equating to an operating return on sales of 6.8 percent. First quarter operating profit contained overall positive special items of EUR 0.3 billion, due among other things to currency-related adjustments to the provisions recognized in connection with the diesel issue. Excluding these positive special items, operating profit would have decreased slightly to EUR 3.1 billion. The operating return on sales before special items thus declined to 6.1 (6.3) percent.

The Volkswagen Group handed over 9.93 million vehicles to customers worldwide in 2015. "Delivering almost ten million vehicles is an excellent result, particularly in view of the continued challenging market situation in some regions as well as the diesel issue in the final quarter of last year", Matthias Müller, CEO of Volkswagen Aktiengesellschaft, commented in Wolfsburg on Friday, and went on to say: "While developments on markets in Brazil and Russia had a noticeable impact on deliveries by our brands, we made advances in Europe. We also recorded further growth in the North America region and in the USA." According to Müller, 2016 will be no less challenging: "On the one hand, as a global company we must handle the situation on world markets where trends remain mixed. And on the other, it is our wish and intention to systematically make the Group fit for a successful future." He said that not only involved overcoming the crisis, but above all related to the fundamental realignment of the Group. Müller added: "We are currently preparing our ‘Strategy 2025', which for me is the most important step towards a modern Volkswagen."