Business Development


SALES TO THE DEALER ORGANIZATION

Volkswagen AG sold 2,053,427 vehicles to the dealer organization in 2009, 14.0% fewer than in 2008. The proportion of vehicles sold outside Germany declined to 57.9% (69.7%).

PRODUCTION

Volkswagen AG’s vehicle production plants (Emden, Hanover and Wolfsburg) manufactured 1,038,344 vehicles, 8.7% fewer units than in 2008. Average daily production at Volkswagen AG declined by 2.0% to 4,561 units.

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EMPLOYEE PAY AND BENEFITS AT VOLKSWAGEN AG

 

 

€ million

 

2009

 

%

 

2008

 

%

Direct pay including cash benefits

 

4,104

 

61.8

 

4,133

 

64.7

Social security contributions

 

873

 

13.1

 

861

 

13.5

Compensated absence

 

764

 

11.5

 

750

 

11.8

Old-age pensions

 

905

 

13.6

 

639

 

10.0

Total expense

 

6,645

 

100.0

 

6,383

 

100.0

NUMBER OF EMPLOYEES

At December 31, 2009, a total of 95,164 people were employed at the sites of Volkswagen AG, excluding staff employed at subsidiaries. This figure included 4,534 vocational trainees. 4,028 employees were in the passive phase of their early retirement. The workforce was 5.3% larger than during the previous year, mainly due to the integration of Auto5000 GmbH.

The percentage of female employees was 14.1% of the total headcount. Volkswagen AG employed 2,780 part-time workers (2.9%). The percentage of foreign employees was 5.9%. A total of 73.6% of employees held a vocational qualification in an area relevant to Volkswagen, while 12.9% were graduates. The average age of Volkswagen employees in the reporting period was 42.2 years.

RESEARCH AND DEVELOPMENT

As in the previous year, Volkswagen AG’s research and development costs according to the German Commercial Code amounted to €3.0 billion. As of the end of 2009, 9,117 people were employed in this area.

PURCHASING VOLUME

The purchasing volume across the six Volkswagen AG sites in Germany decreased to €18.1 billion (€20.4 billion) in 2009; 71.6% (72.4%) of this volume was sourced from suppliers in Germany. Of the total purchasing volume, €15.1 billion was spent on production materials and €3.0 billion on capital goods and services.

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VOLKSWAGEN AG EXPENDITURE ON ENVIRONMENTAL PROTECTION

 

 

€ million

 

2009

 

2008

 

2007

 

2006

 

2005

Investments

 

10

 

8

 

20

 

19

 

27

Operating costs

 

180

 

185

 

177

 

170

 

194

EXPENDITURE ON ENVIRONMENTAL PROTECTION

Investments in environmental protection include all investments relevant for production made exclusively or primarily for environmental protection. Additive measures as well as those integrated with production equipment and processes are included. In 2009, the investments focused on water and air pollution control.

Environmental protection operating costs include expenses for operating equipment used for environmental protection, such as sorting, separation and recycling equipment. Expenses on measures not related to production equipment, such as the work of environmental protection experts, are also included here.

OPERATING COSTS FOR ENVIRONMENTAL PROTECTION AT VOLKSWAGEN AG IN 2009
Share of environmental protection areas as percent
Operating costs for environmental protection at Volkswagen AG in 2009 (bar chart)

BUSINESS DEVELOPMENT RISKS AT VOLKSWAGEN AG

The business development of Volkswagen AG is exposed to essentially the same risks as the Volkswagen Group. These risks are explained in the Risk Report.

RISKS ARISING FROM FINANCIAL INSTRUMENTS

Risks for Volkswagen AG arising from the use of financial instruments are the same as those to which the Volkswagen Group is exposed. An explanation of these risks can be found in the chapter Financial risks.

DEPENDENT COMPANY REPORT

The Board of Management of Volkswagen AG has submitted to the Supervisory Board the report required by section 312 of the AktG and issued the following concluding declaration:

“We declare that, based on the circumstances known to us at the time when the transactions with affiliated companies within the meaning of section 312 of the German Stock Corporation Act (AktG) were entered into, our Company received an appropriate consideration for each transaction. No transactions with third parties or measures were either undertaken or omitted on the instructions of or in the interests of Porsche or other affiliated companies in the reporting period.”

The Annual Financial Statements of Volkswagen AG (in accordance with the HGB) can be accessed from the electronic companies register at www.unternehmensregister.de.

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