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volkswagen ag-spons adr pfd (VOW5) Details

Volkswagen Aktiengesellschaft, together with its subsidiaries, manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates through four segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment develops vehicles and engines; and produces and sells passenger cars and genuine parts. The Commercial Vehicles segment develops, produces, and sells light commercial vehicles, and trucks and buses, as well as offers parts and related services. The Power Engineering segment develops and produces large-bore diesel engines, turbo compressors, industrial turbines, and chemical reactor systems, as well as produces gear units, population components, and testing systems. The Financial Services segment offers dealer and customer financing, leasing, banking and insurance, fleet management, and mobility services. It also offers motorcycles. Volkswagen Aktiengesellschaft provides its products under the Volkswagen Passenger Cars, Audi, ŠKODA, SEAT, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania, and MAN brand names, as well as financial services under the Volkswagen Financial Services brand name. The company has strategic alliance with Daimler AG to produce Crafter. Volkswagen Aktiengesellschaft is headquartered in Wolfsburg, Germany.

572,261 Employees
Last Reported Date: 10/30/14

volkswagen ag-spons adr pfd (VOW5) Top Compensated Officers

Chairman of Board of Management and Chief Exe...
Total Annual Compensation: €10.9M
Chief Financial Officer, Head of Controlling ...
Total Annual Compensation: €4.6M
Head of Commercial Vehicles and Member of Boa...
Total Annual Compensation: €4.1M
Head of Human Resources & Organization and Me...
Total Annual Compensation: €4.4M
Member of Board of Management
Total Annual Compensation: €4.6M
Compensation as of Fiscal Year 2013.

volkswagen ag-spons adr pfd (VOW5) Key Developments

Volkswagen Reports Sales Results in China for the Eleven Months Ended November 2014

Volkswagen reported sales results in china for the eleven months ended November 2014. For the month, the company reported sales in China and Hong Kong of 2.52 million units, marking an increase of 11.9% year on year (y/y) from the 2.26 million sold in the same period a year ago.

Volkswagen Reports Sales Results for the Month and Year to Date Ended November 2014

Volkswagen reported sales results for the month and year to date ended November 2014. For the month, the company's passenger car brand posted a 4% year-on-year (y/y) decline in sales to 508,200 units. This was partially explained by VW board member for sales and marketing Christian Klingler by the model changeover to the new Passat which went on sale in Europe at the end of last month, although this would not account for all the lost sales. For the year to date (YTD), however, sales rose by 2% to 5.59 million units. In the first 11 months of the sales rose by 2.4% y/y in the overall European market to 1.54 million units of which 785,500 units were handed over in the European market, an increase of 5.2% y/y. Sales in North America fell by 6.1% y/y to 533,400 units in the first 11 months and were down 17.9% y/y to 605,300 units. The brand also reported an 10.6% y/y increase in the Asia-Pacific region in the YTD, handing over 2.72 million units. The vast majority of these were sold in China, where sales rose by 11.9% to 2.52 million units.

Volkswagen AG Announces Board Changes

Herbert Diess, BMW's development head, has been appointed chief of Volkswagen' passenger car brand, effective October 1, 2015, VW announced that Diess take over from current chief executive Martin Winterkorn, who will remain CEO of the Volkswagen Group.


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