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September 02, 2015 12:28 AM ET

Automobiles

Company Overview of Volkswagen Group of America, Inc.

Company Overview

Volkswagen Group of America, Inc. designs, manufactures, and sells automobiles in the United States and internationally. The company houses operations of a family of brands worldwide, including Audi, Bentley, Bugatti, Lamborghini and Volkswagen, as well as VW Credit, Inc. It sells its vehicles through a network of dealers in the United States. Volkswagen Group of America, Inc. was founded in 1955 and is headquartered in Herndon, Virginia. It has a manufacturing plant in Chattanooga, Tennessee. Volkswagen Group of America, Inc. operates as a subsidiary of Volkswagen AG.

2200 Ferdinand Porsche Drive

Herndon, VA 20171

United States

Founded in 1955

Phone:

248-754-5000

Fax:

703-364-7071

Key Executives for Volkswagen Group of America, Inc.

Chief Executive Officer and President
Age: 53
Chief Financial Officer and Executive Vice President
Age: 41
Chairman of Volkswagen Group of America Chattanooga Operations, Llc and Chief Executive Officer of Volkswagen Group of America Chattanooga Operations, Llc
Age: 53
Chief Executive Officer of Vw Credit, Inc and President of Vw Credit, Inc
Age: 48
President of Chattanooga Production Facility of Volkswagen of America, Inc.
Compensation as of Fiscal Year 2015.

Volkswagen Group of America, Inc. Key Developments

Volkswagen Group of America, Inc. Announces $6.8 Million Investment in California

Volkswagen Group of America, Inc. announced plans to invest $6.8 million to expand its logistics operations by opening a new Pacific Northwest Parts Distribution Center in Sacramento, Calif. The 143,000 square-foot facility, marks Volkswagen's second parts distribution warehouse in California, and will be used for distributing automotive service parts for approximately 84 Audi and Volkswagen dealers in six states throughout the Pacific Northwest and Northern California. The new Sacramento, Calif., facility will enable VWGoA to better service customer needs, in less time, improving stock orders from second-day to overnight delivery. The new warehouse will hold roughly 47,000 part numbers, and is slated to open the second quarter of 2016, with a projected employee roster of 28. The investment is part of Volkswagen Group's more than $7 billion commitment in the North American market between 2015 and 2019.

The Museum of Modern Art (MoMA), MoMA PS1 and Volkswagen Group of America Announces Expanded Two-Year Partnership

The Museum of Modern Art (MoMA), MoMA PS1 and Volkswagen Group of America (VWGoA) announced an expanded two-year partnership that will provide lead support for all of MoMAs award-winning education programs, key exhibitions, and innovative initiatives that will share MoMA and MoMA PS1 s programming with a broad, global audience. Volkswagen Group of America has been a major partner of MoMA and MoMA PS1 since 2011, supporting a wide range of more than thirty exhibitions, educational opportunities and special event programming. The new initiatives announced build on the success of the partnership. The new focus on supporting MoMA Education will expand the Museum’s opportunities to reach a worldwide audience of learners. The profound shift toward digital learning that has occurred since MoMA launched its first curriculum website in 2006 a transition not only from print to digital, but also towards customizable, interactive, self-guided, anytime-anywhere learning has allowed MoMA to produce and aggregate a wealth of multimedia content that encourages a wide audience of participants not only to read and learn about works of art, but also to reflect, create, participate, and share. The expanded partnership will allow MoMA Education new opportunities to connect visitors with living artists, leverage emerging technologies, and further illuminate the richness of MoMA s collection. Additional highlights of the new agreement announced are: Lead sponsorship of a series of exhibitions at MoMA and MoMA PS1, including Greater New York 2015 (October 11, 2015-March 2016), a survey exhibition that takes place every five years, and this year will show a city and art community that has changed dramatically over the last fifteen years. Creation of a new strand of MoMA PS1 VW Fellows, offering opportunities to the brightest young art world professionals from the United States and around the world to work alongside curators and staff at MoMA PS1 s producing large scale exhibitions and programs. Development of the Volkswagen Global Conversation Series, a new international platform for cross-disciplinary debate and discussion, bringing together artists and curators and critical thinkers around the world, o cover the full range of artists practice, art and design. Programs will take place at MoMA and internationally. Year-round sponsorship of the cutting edge program of MoMA and MoMA PS1 and the continued support of Sunday Sessions in the VW Dome at MoMA PS1 s geodesic performance venue.

Marathon Patent Group, Inc.'s Signal IP Unit Gets Favorable Court Ruling in the Matter of Signal IP Inc. versus Volkswagen Group of America and Bentley Motors, Inc

Marathon Patent Group announced that, on May 26, 2015, Signal IP, Inc. received a favorable ruling in the matter of Signal IP, Inc. versus Volkswagen Group of America, Inc., et al., case number CV14-3113 JAK (C.D. Cal.). The District Court of The Central District of California issued an order denying the motion to stay pending reexamination submitted by defendants Volkswagen Group of America, Inc. and Bentley Motors, Inc. In its conclusion, the Court ruled, ‘For the foregoing reasons, when all the relevant factors are considered, there is not a sufficient basis to enter the requested stay. Therefore, the motion is DENIED.’ The aforementioned Defendants filed a motion to stay pending reexamination of three of Signal's Patents on March 13, 2015. A hearing was held on May 21, 2015, at the conclusion of which the Motion was taken under submission. On May 26, 2015, the Motion was DENIED. ‘Importantly, not only does this motion denying the stay apply to all the defendants in the California cases who may have sought a stay, but it clears the way to a speedy trial schedule. The company anticipated the Court will issue its litigation and trial schedule imminently and expect trials to begin in early 2016,’ according to Doug Croxall, CEO of Marathon. Liner LLP represents Signal IP, Inc. in the cases.

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