August 30, 2014 10:32 AM ET

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Company Overview of Volkswagen Group China

Company Overview

Volkswagen Group China provides marketing, human resources, public relations and government liasion, quality assurance, research and development, and local content services. The company was founded in 1985 and is based in Beijing, China. Volkswagen Group China operates as a subsidiary of Volkswagen AG.

3A, Sanlitun Road

Chaoyang District

Beijing,  100027

China

Founded in 1985

Phone:

86 10 6531 3131

Fax:

86 10 8532 3232

Key Executives for Volkswagen Group China

Chief Executive Officer
Age: 62
Executive Vice President of Finance
Age: 48
Executive Vice President and President of Skoda China
Executive Vice President
Age: 57
Vice President of Public Relations and Communications
Compensation as of Fiscal Year 2014.

Volkswagen Group China Key Developments

Volkswagen Group China Announces Management Changes, Effective October 1, 2014

The new Executive Vice President, Finance at Volkswagen Group China effective October 1, 2014 is Carsten Isensee, currently Board Member for Finance at Volkswagen do Brasil. His successor there is Osmair Antonio Herreria Garcia. Following posts in Controlling in Wolfsburg, Carsten Isensee was named Board Member for Finance at Volkswagen Slovakia in 1992. He was Finance Director at Volkswagen South Africa from 2002, and appointed Board Member for Finance at Volkswagen do Brasil in 2007.

Volkswagen China Announces Earnings Results for the First Quarter of 2014

Volkswagen China announced earnings results for the first quarter of 2014. For the quarter, the company reported operating profit was about EUR 1.24 billion, or about CNY 10.7 billion, compared to about EUR 1.16 billion, or about CNY 9.9 billion, a year earlier.

Volkswagen Group China Announces Sales Results for the First Quarter of 2014

Volkswagen Group China announced sales results for the first quarter of 2014. For the quarter, the company sold 880,700 vehicles. In the first quarter of 2013, the company had sales of 770,000 giving the group a year on year increase of 21.3%.

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