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  4. Volkswagen Group at a Glance

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Volkswagen Group at a Glance

The Volkswagen Group, with its headquarters in Wolfsburg, is one of the world's leading automobile manufacturers and the largest carmaker in Europe.

In difficult market conditions, the number of Group vehicles delivered to customers rose to 10.297 million in 2016 (2015: 9.931 million). The global car market share decreased slightly to 11.9 percent.

22.3 percent of the new cars in Western Europe originate in the production of the Volkswagen Group. Group sales revenue in 2016 totaled €217 billion (2015: €213 billion), while earnings after tax amounted to €5.4 billion (2015: €-1.4 billion).

The Group comprises twelve brands from seven European countries: Volkswagen Passenger Cars, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN.

Each brand has its own character and operates as an independent entity on the market. The product spectrum ranges from motorcycles to small cars and luxury vehicles. In the commercial vehicle sector, the products include ranges from pick-ups, buses and heavy trucks.

The Volkswagen Group is also active in other fields of business, manufacturing large-bore diesel engines for marine and stationary applications, turbo chargers and -machinery, special gear units, compressors and chemical reactors. In addition, the Volkswagen Group offers a wide range of financial services, including dealer and customer financing, leasing, banking and insurance activities, and fleet management.

The Group operates 120 production plants in 20 European countries and a further 11 countries in the Americas, Asia and Africa. Every weekday, 626,715 employees worldwide produce around 43,000 vehicles, and work in vehicle-related services or other fields of business. The Volkswagen Group sells its vehicles in 153 countries.

With its "TOGETHER - Strategy 2025" future program, the Volkswagen Group is paving the wayfor the biggest change process in its history: the realignment of one of the best carmakers tobecome a globally leading provider of sustainable mobility. In order to achieve this, the Group will be transforming its automotive core business and will be launching a further 30-plus fully electriccars by 2025, as well as expanding battery technology and autonomous driving as new corecompetences. Furthermore, a cross-brand business unit for intelligent mobility solutions is to be established as a second pillar. The strategic investment in on-demand mobility provider Gett wasthe first step in this direction; over the coming years, further services such as robotaxis, carsharingor transport on-demand will be grouped around this nucleus. The successful transformation requires the Group to place its innovation power on an even broader footing: the Group is driving forward with digitalization across all brands, areas and functions. At the same time, Volkswagen will rely to a greater extent than before on partnerships, acquisitions and strategic investments.

To finance investments in future topics, the Group aims to significantly increase efficiency across all areas, brands and regions.

As of December 31, 2016