World News: Volkswagen Group generates €1.5 billion operating profit in first nine months of the year

This figure does not include the profit attributable to Volkswagen of more than €500 million recorded by the Chinese joint ventures in China, the Group’s largest sales market.

"The Volkswagen Group is holding its own extremely well despite the adverse conditions. While the global market is contracting by 12 percent, we are recording stable delivery levels. This proves that – even in difficult times – we are well positioned with our multibrand strategy," said Prof. Dr. Martin Winterkorn, Chairman of Volkswagen Aktiengesellschaft’s Board of Management, on Thursday at the presentation of the interim report on the first nine months.

Winterkorn underlined that low-emission mobility is the Volkswagen Group’s top priority: “Innovative and environmentally friendly vehicles are the guarantee for our success. We will therefore continue to invest in developing forward-looking technologies and in expanding our model range,” he said.

Almost all automotive markets have recorded a downturn – which has been substantial in some cases – in the year to date. The performance of the individual brands and business fields was again hit hard by the global financial and economic crisis. However, the Volkswagen Group strengthened its global market position and increased its share of the global passenger car market to 11.7 percent (10.0 percent).

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