Beijing, 2011-10-14

Volkswagen Group China on track for sales record in 2011

• Almost 1.7 million cars sold to customers in nine months – plus 14.6 percent
• Volkswagen Group China to invest 14 billion Euros up to 2016
• Neumann: “We shall continue to extend our innovation leadership”

Volkswagen Group China reported a very solid sales growth for the first nine months of this year with a 14.6 percent increase in deliveries from January to September 2011. Together with its two Chinese joint ventures, Shanghai Volkswagen and FAW-Volkswagen, the Group handed over 1,69 million vehicles to customers in mainland China and Hong Kong (Jan. - Sept. 2010: 1.47million vehicles). That is a new sales record in China for a nine months period. “We are very satisfied with our continued good performance”, said Dr. Karl-Thomas Neumann, President and CEO of Volkswagen Group China. “Although the trend on the Chinese automotive market was less dynamic compared to last year, Volkswagen Group was able to expand its position in this very important and very competitive market.”

”So we are on track to make 2011 the most successful year in our company's history", Neumann added. To strengthen its position as the market leader for passenger cars in China, the Group has decided to invest a record amount in forward-looking projects. The investment plan for China - the biggest market for Volkswagen worldwide - has been increased to € 14 billion for the period from 2012 to 2016. These investments will be financed using the joint ventures' own funds. “We shall continue to extend our innovation and technology leadership”, said Neumann. “Top of the agenda for us are investments in environmentally friendly models and in the expansion of our production facilities.”

During the first nine months of this year, all brands of the Group reported very encouraging sales figures. Deliveries of Volkswagen brand (incl. Hong Kong) reached 1,293,700 units (Jan. - Sept. 2010: 1,166,000 units), up by 10.9 percent including 44,500 imported vehicles. Especially the new introduced models improved the China sales. Since the launch in April almost 45,000 New Passat have been sold, the Volkswagen Lavida with sales of more than 180,000 units contributed significantly to the growth in the nine months period. Also the Volkswagen Sagitar (94,300 units sold) and the New Bora (151,800) performed very well.

Audi has significantly extended the brand's premium segment lead in China during the third quarter. Between January and September, the company’s cumulative sales in China (incl. Hong Kong) amounted to almost 226,000 vehicles. At the beginning of October, Audi had already sold as many cars as in the record year 2010. The brand is well on track to pass the 300,000 mark for the first time in 2011.

In addition to the locally manufactured models Audi A4L and Q5, the success of the four rings in China was also driven by the Q7 and the A8L. The luxury-class SUV Q7 achieved an 82.9 percent increase in sales in September with around 1,600 units. Overall sales of imported models have increased by a remarkable 77.4 percent. Audi will widen its import product range and expand into new segments this year with the A1 and the A7 Sportback.

Škoda has been experiencing continued strong growth in China. The Czech automaker posted a remarkable 26.4 percent rise in deliveries in the first nine months with the number of vehicles increasing to 170,000 units (January to September 2010: 134,500 units).

The Octavia remains on a high level of sales (97,300 deliveries in the first nine months). The Superb enjoyed an remarkable strong demand from January to September with a growth of more than 30 percent compared to the same period last year. In September, the Fabia achieved the best monthly result this year with more than 4,600 units. The growth strategy has paid off in increased deliveries.

Sales for Bentley and Lamborghini reached 1,174 (plus 79.8 percent) and 263 (plus 46,9 percent) units respectively during the nine months period.