11.3 The automotive markets were significantly impacted in 2009 by the global financial and economic crisis. Although the Volkswagen Group was not immune to the downward trend in most markets, it outperformed the market as a whole and increased its global market share to 11.3% during the crisis.
What you'll find in this chapter:
Increased market share.
Shares and Bonds
New direction for shares of Volkswagen AG.
Net Assets, Financial Position and Results of Operations
Global financial and economic crisis impacts business.
Summary of economic position of the Volkswagen Group.
Value added statement
The value added statement indicates the added value generated by a company in the past fiscal year as its contribution to the gross domestic product of its home country, and how it is appropriated.
Difficult environment leads to decline in vehicle sales.
Our innovative vehicles, manufactured by motivated employees, inspire customers worldwide.
Countering risk with effective systems.
Report on Expected Developments
Slight recovery in the automotive markets.
Declaration by the Board
The Board of Management of Volkswagen AG is responsible for preparing the consolidated financial statements and the Group management report.