VOLKSWAGEN GROUP CUSTOMER DELIVERIES WORLDWIDE
What you'll find in this chapter:
The Emissions Issue
Providing effective technical solutions. Getting to the root of what happened and learning from it. Taking advantage of the opportunity for a fundamental realignment.
Goals and Strategies
The Volkswagen Group aims to increase its unit sales and profitability for the long term.
Internal Management System and Key Performance Indicators
Based on the goals set out in our Strategy 2018, this chapter describes how the Volkswagen Group is managed and the key performance indicators used for this.
Structure and Business Activities
This chapter describes the legal and organizational structure of the Volkswagen Group and explains the material changes in 2015 with respect to equity investments.
Corporate Governance Report
Corporate governance stands for responsible, transparent corporate management and supervision that aims to add by long-term value.
The Remuneration Report details the individualized remuneration of the Board of Management and the Supervisory Board of Volkswagen AG, broken down into components, as well as individualized pension provision disclosures for the members of the Board of Management.
Members of the Board of Management and their Appointments.
Disclosures Required Under Takeover Law
In this section, we present the disclosures relating to takeover law required by sections 289(4) and 315(4) of the HGB.
In fiscal year 2015, the global economy grew at a moderate rate, slightly below that of the previous year.
Shares and Bonds
Volkswagen AG’s ordinary and preferred shares significantly underperformed the market as a whole in 2015 in a volatile market environment. The main cause of this development was the emissions issue.
Results of Operations, Financial Position and Net Assets
The Volkswagen Group’s operating result was down considerably year-on-year in 2015 due to charges in connection with the emissions issue, and restructuring measures in the trucks business and in the passenger cars area in South America. Sales revenue increased.
The Board of Management of Volkswagen AG considers business development and the economic position to have been strained.
Production, unit sales and sales up on 2014 levels. Emissions issue leads to net loss for the year.
Sustainable Value Enhancement
Volkswagen does not tolerate any infringements of rules or laws. We will do everything in our power to earn our Stakeholders’ trust back. We strive for a comprehensive realignment. Our goal is to run our business responsibly along the entire value chain. Everyone should benefit from this – our customers, our employees, the environment and society.
Report on Expected Developments
Growth in the global economy in 2016 is expected to be on a level with the previous year. We estimate global demand for vehicles will be mixed in 2016 and increase at a slower rate than in the reporting period.
Report on Risks and Opportunities
Promptly identifying the risks and opportunities arising from our operating activities and taking a forward-looking approach to managing them is crucial to our Company’s long-term success.
Prospects for 2015
The Volkswagen Group’s Board of Management expects the global economy to record the same level of growth in 2016 as in the previous year.