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17 November 2011

VEHICLE DELIVERIES BY VOLKSWAGEN GROUP GROW 13.8 PER CENT TO 6.80 MILLION UNITS IN PERIOD TO OCTOBER

  • 12.4 per cent increase for month of October to 688,000 units
  • Group Board member for Sales Klingler: "Very encouraging developments so far - however, fourth quarter cannot be taken for granted"

Wolfsburg, November 11, 2011: The Volkswagen Group continued its very good performance on the world's automotive markets, reporting double-digit growth during the period January to October. The Company delivered 6.80 (5.98)* million vehicles in the first ten months of the year, representing an increase of 13.8 per cent. Europe's largest automaker sold 688,000 (612,000; +12.4 per cent)* units in the month of October.

"Developments so far have been very encouraging. We made a good start to the fourth quarter, too," the Group Board member for Sales, Christian Klingler, commented. "However, given the present economic uncertainty and its impact on the automotive industry, we cannot take the fourth quarter for granted. We will continue to keep a very close eye on the situation over the coming months as developments on global markets remain volatile," Klingler added.

Growth regions continue to develop well.

Developments in the North America region remain positive. Deliveries rose 21.5 per cent to 543,000 (446,900) units in the period January to October, of which 360,500 (285,900; +21.8 per cent) vehicles were handed over to customers in the United States. In the South America region, the Group reported a rise of 8.0 per cent, delivering a total of 777,200 (719,800) vehicles.

The Company also reported encouraging delivery figures in the Asia / Pacific region, handing over 2.15 (1.82; +17.6 per cent) million vehicles to customers in the first ten months, of which 1.89 (1.65; +14.8 per cent) million units were delivered in China, the largest single market.

Deliveries in Europe for the period to October continued encouraging. In total, the brands achieved an increase of 10.7 per cent to 3.07 (2.78) million units. In Western Europe (excluding Germany), 1.67 (1.57; +6.2 per cent) million customers took possession of a new vehicle. In its home market of Germany, Europe's largest automotive group grew deliveries 11.8 per cent to 960,800 (859,300) units. Growth in Central and Eastern Europe remained high, with 441,400 (343,400; +28.5 per cent) vehicles delivered to customers there.

Group brands report continued positive trend in deliveries.

The Volkswagen Passenger Cars brand delivered 4.24 (3.78; +12.1 per cent) million vehicles worldwide from January to October. The brand developed particularly well in the regions of Central and Eastern Europe (+46.5 per cent), North America (+22.2 per cent) and Asia / Pacific (+14.1 per cent).

Audi delivered 1.08 (0.92; +18.0 per cent) million vehicles to customers worldwide in the first ten months. The premium brand from Ingolstadt continued to perform well in Asia / Pacific (+30.7 per cent) as well as North America (+17.9 per cent) and South America (+35.4 per cent).

The ŠKODA brand delivered 741,800 (638,200; +16.2 per cent) vehicles worldwide from January to October. The Czech automaker grew in the regions of Central and Eastern Europe (+17.1 per cent) and Asia / Pacific (+28.1 per cent) in particular.

SEAT sold 294,000 (285,000) vehicles worldwide in the first ten months, a rise of 3.2 per cent. The Spanish brand reported growth in particular in Mexico (+30.6 per cent), Germany (+27.8 per cent), France (+16.5 per cent) and the UK (+10.0 per cent).

Volkswagen Commercial Vehicles grew deliveries 24.3 per cent to 433,600 (348,900) units in the period January - October. The brand reported strong unit sales in particular in the regions Asia / Pacific (+47.0 per cent), Central and Eastern Europe (+41.8 per cent) as well as South America (+27.3 per cent).

*) excluding Scania