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Volkswagen Group* China reports double-digit growth in first quarter 2014

• Deliveries to customers rise 14.5 per cent in first three months  • Prof. Dr. Heizmann: “Volkswagen Group* China will continue to set the standard   as we deliver a diverse range of innovative products and reliable services”  • Volkswagen Group* China and its joint venture partners are backing green    technologies in China  Volkswagen … Continued

• Deliveries to customers rise 14.5 per cent in first three months 
• Prof. Dr. Heizmann: “Volkswagen Group* China will continue to set the standard
  as we deliver a diverse range of innovative products and reliable services” 
• Volkswagen Group* China and its joint venture partners are backing green 
  technologies in China 

Volkswagen Group China has again achieved its targets for growth: With its two Chinese joint ventures, Shanghai Volkswagen and FAW- Volkswagen, the Group delivered over 880,700* vehicles to customers from January to March this year, realizing growth of 14.5 per cent over the same period of last year. “We have made a good start this year with double-digit growth in the first quarter.

Volkswagen Group China is fully committed to achieving the highest customer satisfaction in China. We will continue to set the standard for the Chinese automotive industry as we deliver a diverse range of innovative products and reliable services, expand capacity, and commit to greater sustainability in this fast growing market.” said Prof. Dr. Jochem Heizmann, Member of the Board of Management of Volkswagen Aktiengesellschaft as well as President and CEO Volkswagen Group China.

“As part of our investment of more than 18 billion Euros in the Chinese market from 2014 to 2018, Volkswagen Group China and its joint-venture partners recently signed joint declarations to closely cooperate in the fields of new energy efficient models, green technologies, and environment-friendly plants,” said Prof. Dr. Heizmann. “We see new growth coming from third- and fourth-tier cities, as well as the still strong demand for individual mobility. We will reach new heights in this market and responsibly drive forward the sustainable development of China’s auto industry.”

In the Chinese mainland and Hong Kong, Volkswagen Group China and its two joint ventures, Shanghai Volkswagen and FAW-Volkswagen, handed over 880,700* vehicles from January to March, including around 54,500 imported vehicles (47,900, + 13.7 per cent). In the month of March, Volkswagen Group China delivered 316,900 (262,600, + 20.7 per cent) new vehicles to customers.

With a total of 682,700 units delivered, the Volkswagen brand experienced solid growth of 14.1 per cent over the same period last year (January-March, 2013: 598,100). This strong performance was supported by the success of the Lavida and Santana as well as of the New Jetta and Sagitar.

In the best first quarter of Audi’s history in China, 124,500 customers decided to buy a car with the Four Rings – an increase of 21.1 per cent compared with the prior-year period. With the A3 Sportback, another locally produced model in the premium compact segment was launched in the Chinese market this March. Production of the A3 Sedan will start in the summer. Together with the Audi Q3, which entered the market in 2013, Audi offers the broadest range of locally produced cars in the compact premium growth segment. March was an especially strong month for Audi’s full-size models: The A6 L, A7, Q7 and A8 achieved combined growth of 38.3 per cent.

ŠKODA achieved growth in its strongest individual market, China. In March, deliveries increased by 10.1% to 20,300 vehicles (March 2013: 18,400). In the first quarter, the brand grew by a total of 7.5% to 62,000 vehicles delivered (January to March 2013: 57,700).

In the luxury segment, Lamborghini handed over 51 cars, and Bentley delivered 548 units. The sports car manufacturer Porsche delivered a total of 9,900 cars. SEATbrand delivered 179 vehicles to customers in the first quarter in China. Volkswagen Commercial Vehicles reported robust growth in the first quarter of 34.5 per cent, delivering over 788 units in the Chinese mainland and Hong Kong.

*) excluding MAN and Scania

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