Volkswagen Set For Another Record Year
“Our new models, environmentally friendly technologies and modular toolkits are now laying the best possible foundations for profitable growth”, said Prof. Dr. Martin Winterkorn, CEO of Volkswagen Aktiengesellschaft, on Thursday during the presentation of the Company’s 2010 financial results in Wolfsburg. “Our multibrand group has the technological expertise, the necessary financial strength and the right team. These allowed us to move into the fast lane in 2010 – and that is where we intend to stay in the current year.”
This year, the company has announced it wants to extend its e-mobility activities in 2011. Among other things, it plans to set up an E-mobility Campus in Wolfsburg, investing €80 million there in the coming years in order to gather the Group’s expertise in this field at headquarters. This highlights Volkswagen’s plans to be the leader from an ecological perspective.
For the first two months of the year, the company’s sales figures of about 1.2 million vehicles worldwide represent a 17.5 percent increase. “We are highly satisfied with our current business performance and expect a strong first quarter on all fronts”, said Winterkorn.
For the whole year, the Board of Management is predicting a further improvement in deliveries, sales revenue and operating profit, which means that the company will once again achieve record figures.
“Our brands already offer mobility solutions to meet every need and in every vehicle class, all around the globe. This diversity is our strength. In addition, we will systematically extend our technological leadership”, stated Winterkorn regarding the medium to long term outlook.