Works Meeting in Wolfsburg - Prof. Winterkorn: "2012 Was a Very

Works Meeting in Wolfsburg - Prof. Winterkorn: "2012 Was a Very Good
Year for the Volkswagen Brand and the Group" 
WOLFSBURG, GERMANY -- (Marketwire) -- 12/11/12 -- 

--  Thanks to entire workforce for great commitment
--  Highlights included switching to MQB and launch of new Golf
--  Deputy Works Council Chairman Bernd Wehlauer retires

At today's works meeting at the main plant in Wolfsburg attended by
some 15,000 employees, Prof. Dr. Martin Winterkorn, CEO of Volkswagen
Aktiengesellschaft, thanked everyone for their great commitment
during the year now coming to a close: "2012 was a good year, a very
good year, for the Volkswagen brand and the whole Group. I would like
to pay a big compliment to the entire team for that." Winterkorn said
the highlights for 2012 included switching production to the modular
transverse toolkit (MQB) and the successful market launch of the new
Winterkorn said the workforce had achieved this with great
flexibility, as well as "further progress in quality." According to
Winterkorn: "This is all due first and foremost to the people at
Volkswagen, to their know-how, their commitment and their
dedication." On the occasion of the works meeting, the CEO said
farewell to the Deputy Chairman of the Works Council, Bernd Wehlauer,
who is taking early retirement after more than 40 years at
Volkswagen. "I want to say a very warm thank-you for the fair
cooperation conducted in a spirit of mutual partnership and for the
passion you brought to your work for Volkswagen and the people in our
company," Winterkorn said.  
The CEO also took the opportunity offered by the works meeting to
impress on employees that difficult times lie ahead: "One thing is
certain: 2013 will be a tough year -- for the automobile industry as
a whole and for us at Volkswagen, too." He went on to say the global
economic situation would remains tense for the foreseeable future,
but that it was gratifying to note that Volkswagen was outperforming
the overall market in difficult conditions. He attributed this to the
Group's high flexibility, its international orientation and "its
outstanding products." Winterkorn named one example: "The new Golf is
a winner in many respects. Over 60,000 orders have already been
placed -- a great result that has given us a good tailwind."  
The CEO also referred to the Company's investment program. EUR 50.2
billion will be invested in the Automotive Division in the coming
three years, with further internationalization forming one focus of
investment activities. 
He added that Volkswagen would not only be stepping on the gas in a
global context. The 67 plants and 400,000 employees in Europe were
highly innovative and competitive: "And that will remain so in
future." Winterkorn announced that more than half the investments in
property, plant and equipment were earmarked for Germany: "That is
well over EUR 20 billion -- of which EUR 1.8 billion alone will be
invested in vehicle construction at the Wolfsburg plant. That is a
clear commitment to the future of our main plant -- and to Volkswagen
sites in Germany and Europe."  
Volkswagen Group Communications 
Head of Corporate & Business Communications 
Michael Brendel 
Phone: +49 (0) 5361 / 9-39356 
Spokesperson Corporate & Business 
Eric Felber 
Phone: +49 (0) 5361 / 9-87575 
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