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Volkswagen Commercial Vehicles off to a Successful Start in 2008

Wolfsburg, GERMANY – Volkswagen Commercial Vehicles has got off to a successful start in 2008. In January, the company continued the positive trend of the previous year, delivering 36,830 passenger carriers, leisure vehicles, light commercial vehicles, heavy trucks and buses worldwide. This represents a rise of 16.6 percent.

In January, sales of the Caddy, Transporter, Crafter and Saveiro light commercial vehicles series grew 15.7 percent to 32,860 units (2007: 28,400). 3,970 heavy trucks and buses, which are built in Brazil and Mexico, were sold. This represents a rise of 24.9 percent compared with January 2007.

Volkswagen expects the trend in commercial vehicles business to remain positive. This also applies with regard to the participations in Scania AB and MAN AG. Against this background, Volkswagen has slightly raised its stake in Scania to 20.89 percent. This corresponds to a 37.98 percent share of the voting rights. The 29.9 percent stake in MAN remains unchanged.

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