Sights set on integrated automotive group

8 May 2009

Volkswagen Aktiengesellschaft welcomes the decision by representatives of the Porsche und Piëch family shareholders to create an integrated automotive group in which each of the ten brands will retain its independence.

During the next four weeks, a joint working group whose members will come from Volkswagen and Porsche will consult intensively with the State of Lower Saxony and the workforce at both companies to prepare the basis for a decision on the future structure. The Board of Management of Volkswagen Aktiengesellschaft will do everything in its power to support this process.