OF STRONG BRANDS
The Volkswagen Group, based in Wolfsburg, is one of the world’s leading automobile manufacturers and the largest in Europe. In 2014 the Group increased the number of cars and commercial vehicles delivered to customers to more than 10 million, which equates to 12.9% of the global passenger car market. The Group’s sales revenue totaled €202,458 million in 2014, while profit after tax came to €11,068 million.
The Volkswagen Group is a publicly quoted stock corporation under German law and owns twelve brands from seven European countries: Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN. All brands in the Automotive Division – with the exception of Volkswagen Passenger Cars and Volkswagen Commercial Vehicles – are legally independent, separate companies.
Volkswagen AG is the parent company of the Volkswagen Group. It develops vehicles and components for the Group’s brands, but also produces and sells vehicles, in particular passenger cars and light commercial vehicles from the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. In its function as parent company, Volkswagen AG holds indirect or direct interests in AUDI AG, SEAT S.A., ŠKODA AUTO a.s., Dr. Ing. h.c. F. Porsche AG, Scania AB, MAN SE, Volkswagen Financial Services AG and a large number of other companies in Germany and abroad. More detailed disclosures are contained in the list of shareholdings in accordance with sections 285 and 313 of the Handelsgesetzbuch (HGB – German Commercial Code), which can be accessed at www.volkswagenag.com/ir and forms part of the annual financial statements.
The Volkswagen Group is one of the leading multibrand groups in the automotive industry. The Company’s business activities comprise the Automotive and Financial Services divisions. The business activities of the various companies in the Volkswagen Group focus on developing, producing and selling passenger cars, light commercial vehicles, trucks and buses. The product portfolio ranges from motorcycles to fuel-efficient small cars and luxury vehicles. In the commercial vehicles segment, the offering begins with small pickups and extends to buses and heavy trucks. Other business fields include the manufacture of large-bore diesel engines and special gear units, for example. A broad range of financial services completes the offering.
Locations and Employees
The Volkswagen Group’s production network comprised 118 production locations at the end of the reporting year (see "Group Production Plants"). Europe remains the heart of our production activities with 72 vehicle and component production locations, 29 of them in Germany alone. The significance of the Asia-Pacific region is continuously increasing, with a total of 29 production locations. In North America (four) and South America (nine) the number of locations remained unchanged in the reporting year. In Africa the Group maintains four production locations. Almost 600,000 employees produce an average of 41,000 vehicles per working day or provide mobility-related services, or work in other business fields.
With its brands, the Volkswagen Group has a presence in all relevant automotive markets around the world. Western Europe, China, Brazil, the USA, Russia and Mexico are currently the key sales markets for the Group. The Group maintained its strong competitive position in the reporting period thanks to its wide range of attractive and environmentally friendly models. We recorded an encouraging increase in demand in many of our key markets. Worldwide, for the manufacture of its products, the Group purchased goods and services to the value of €145.5 billion, an increase of 7.7% compared to the previous year. This includes the purchasing volume for the Chinese joint venture companies. Suppliers in Germany accounted for a share of 36.1%.
Further details on the development of the Group, its holdings, and changes with regard to production locations or activities can be found at: 123
THE BOARD OF MANAGEMENT OF THE Volkswagen GROUP
(from left to right)
Prof. Rupert Stadler – Chairman of the Board of Management of AUDI, Christian Klingler – Sales and Marketing,
Prof. h.c. Dr. rer. pol. Horst Neumann – Personnel Management and Organization, Prof. Dr. rer. pol. Dr.-Ing. E.h. Jochem Heizmann – China, Dr. rer. pol. h.c. Francisco Javier Garcia Sanz – Procurement, Prof. Dr. Dr. h.c. mult. Martin Winterkorn – Chairman of the Board of Management of Volkswagen Aktiengesellschaft, Research and Development, Hans Dieter Pötsch – Finance and Controlling,
Dr. h.c. Leif Östling – Commercial Vehicles (until February 2015)
Andreas Renschler – Commercial Vehicles (since February 1, 2015)
Matthias Müller – Chairman of Dr. Ing. h.c. F. Porsche AG (since March 1, 2015)
Shareholder Structure at December 31, 2014
Employees by region 2014
Group Key Figures
|Vehicle sales (thousand units)
|Vehicle production (thousand units)
|Employees at Dec. 31 (thousands)
|Proportion of female employees in %
|Proportion of apprentices in % 1
CO 2emissions European new car fleet in g/km2
emissions in kg/veh.3
|Energy consumption in kWh/veh.3
Financial data (IFRSs), € million
|Profit before tax
|Profit after tax
At the Group in Germany.
Subject to official publication by the European Commission.
Production of cars and light commercial vehicles, prior-year figures adjusted.