VOLKSWAGEN GROUP CUSTOMER DELIVERIES WORLDWIDE (in millions)
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.
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.
This chapter describes the legal and organizational structure of the Volkswagen Group and explains the material changes in 2015 with respect to equity investments.
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.
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.
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.
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.
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.
