Brands and Business Fields
Fascinating brands and innovative financial services for our customers worldwide
The Volkswagen Group consists of two divisions: Automotive and Financial Services. The activities of the Automotive Division include the development of vehicles and engines, as well as the production and sale of passenger cars, commercial vehicles, trucks and buses, and the genuine parts business. The Financial Services Division’s portfolio of services includes dealer and customer financing, leasing, banking and insurance activities, and fleet management.
We dissolved the former Volkswagen and Audi brand groups at the beginning of fiscal year 2007. The individual Group brands have now been placed on an equal, independent footing. On the following pages, we explain the key volume and financial data relating to the individual brands and to the Financial Services Division, reflecting the Group structure in 2007. Production figures and deliveries to customers are presented according to product line, while unit sales figures refer to vehicles sold by each brand company, including vehicles of other Group brands. To enhance comparability, the explanations of operating profit by brand and business field for 2006 are based on figures before special items.
In addition, we present the sales and sales revenue on our markets: Europe/Remaining markets, North America, South America/South Africa and Asia-Pacific.
KEY FIGURES BY MARKET
In fiscal year 2007, the Volkswagen Group increased its sales by 8.2% year-on-year to a total of just under 6.2 million vehicles. Sales revenue was €108.9 billion, up 3.8% on 2006.
In Europe/Remaining markets, sales in 2007 increased by 3.3% year-on-year to 3.7 million units. As a result, sales revenue rose by 3.9% to €77.7 billion.
In North America, we almost reached the previous year’s sales in fiscal year 2007, with the Golf and Eos models recording encouraging growth rates. Overall, sales revenue fell by 9.5% year-on-year to €13.2 billion. This decline is due for the most part to unfavorable exchange rates and a modified model mix.
Sales growth in the South American/South African markets continued in 2007, increasing by a total of 19.1% to 0.9 million units. The most significant growth rates here were recorded in Brazil and Argentina. Sales revenue increased by 18.2% year-on-year to €10.4 billion. As well as higher sales, this can be attributed to the further increase in the external value of the Brazilian real.
Sales in the Asia-Pacific region – including our joint venture companies in China – were 1.1 million units, an increase of 27.7% on the previous year. Sales revenue increased by 12.8% to €7.5 billion. This figure does not include the sales of the joint ventures in China, as these are accounted for using the equity method.
KEY FIGURES BY BRAND AND BUSINESS FIELD
|1||The sales revenue and operating results of the joint venture companies in China are not included in the figures for the Group. The Chinese companies are accounted for using the equity method and recorded an operating profit (proportionate) of €294 million (€108 million).|
|2||Mainly intragroup items recognized in profit or loss, in particular from the elimination of intercompany profits.|