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Volkswagen Commercial VehiclesVolkswagen Commercial Vehicles (VWN) had a strong first half of 2024, and performance for the nine-month period stabilized at the prior-year level. Unit sales of 310,000 vehicles (previous year: 313,000) and sales revenue of 11.09 billion euros (previous year: 11.11 billion euros) remained at a similar level. Due to foreseeable special items in connection with restructuring measures, the operating result for the first nine months decreased to 606 million euros (previous year: 672 million euros) – the operating return therefore decreased by 0.5 percentage points to 5.5% Key figures for the Brand Group Core: Key financials Jan. – Sept. 2024 Jan. – Sept. 2023 Change24 /23 Unit sales (thousand units; incl. vehicles from other brands) 3,627 3,575 1.5% Sales revenue 101,523 million € 101,060 million € 0.4% Operating result before special items, after restructuring 4,491 million € 4,985 million € -9.9% Operating margin before special items, after restructuring 4.4% 4.9% -0.5%-points Net cash flow 2,894 million € 3,573 million € -19.0% Key figures for the brands belonging to the Brand Group Core1 Unit sales Sales revenue Operating result Operating return 000 units/ mill € Jan.-Sept. 24 Jan.-Sept. 23 Jan.-Sept. 24 Jan.-Sept. 23 Jan.-Sept. 24 Jan.-Sept. 23 Jan.-Sept. 24 Jan.-Sept. 23 Volkswagen Passenger Cars 2,260 2,238 63,535 63,390 1,341 2,126 2.1% 3.4% Škoda Auto 809 778 20,399 19,659 1,699 1,260 8.3% 6.4% SEAT/CUPRA 466 454 10,515 10,837 415 501 3.9% 4.6% Volkswagen Commercial Vehicles 310 313 11,093 11,109 606 672 5.5% 6.0% 1before special items, after restructuring measures

– The large Volkswagen SUV with five or optionally seven seats is positioned between the Touareg (premium class) and the Tiguan (mid-class). Authentic: its clear and powerful SUV design. Best-in-class: the comfort levels. Superior: the high-quality feel. Generous: the space available. In the Tayron, five passengers can enjoy up to 885 litres of luggage space for travelling on holiday. A total of seven efficient drive systems will soon be available. The range includes two next-generation plug-in hybrid electric vehicles (eHybrid). They can achieve electric ranges of over 100 km and long journeys with up to 850 km between two refuelling stops. In addition, with the ability to tow up to 2.5 tonnes, the Tayron is a stylish yet well-equipped towing vehicle for trailers of all shapes and sizes. Pre-sales for the new Tayron open tomorrow on Thursday, 10 October. Thomas Schäfer, CEO of Volkswagen Passenger Cars: “The new Tayron is a bona fide Volkswagen: its quality is reflected in every detail; it is comfortable and practical for everyday life, and it is available with a wide range of drive systems. With this new Volkswagen SUV, we are further expanding our range in a growing segment and closing the gap between our best-seller, the Tiguan, and our luxury SUV, the Touareg. I am convinced that the Tayron will make its mark and be well received by our customers.” Martin Sander, Member of the Volkswagen Brand Board of Management responsible for Sales, Marketing and After Sales: “The new Tayron combines everything that a Volkswagen stands for: versatility, comfort and new technology. With up to seven seats, a premium interior, generous storage space and innovative drive systems, the large SUV is the ideal companion for families and adventurers alike. At the same time, we are making a clear statement with the Tayron: practicality and efficiency complement one another perfectly – for a driving experience that is up to our high standards.”

Top marks for top-selling model: new Tiguan achieves highest score for impact protection and accident prevention technologiesEnhanced protection in rear passenger compartment: rear side airbags are also fitted as standard in the new Tiguan.New exit warning system: the entry-level version of the latest Tiguan already includes a wide range of assist systems such as the exit warning system Euro NCAP, the renowned European consumer protection programme, has awarded the new Tiguan the highest rating of five stars for safety. This means the third generation of the best-selling model is officially one of the safest vehicles in its class. The Volkswagen scored particularly well in the category of child occupant protection. This rating is all the more important as the Tiguan, which has sold well over 7.6 million units, is an ideal all-rounder for families. 5-star rating. The Volkswagen model was tested by Euro NCAP – the European New Car Assessment Programme – in the categories Adult Occupant Protection, Child Occupant Protection, Vulnerable Road Users and Safety Assist (which tests driver assist systems fitted as standard). The 5-star rating achieved by the new Tiguan stands for an excellent overall rating for impact protection and good equipment with comprehensive practical accident prevention technology. Since 2023, the Euro NCAP test criteria have become even stricter: the new requirements include, for example, the ability to detect any children left in the car – this criterion is also fulfilled by the new Tiguan generation. In addition, protection in the rear passenger compartment is optimised by the side airbags for the outer seats fitted as standard in the new Tiguan. For families with children, the exit warning system on board the Tiguan as standard is a useful feature in everyday life. Within the system limits, it can protect against an occupant opening one of the doors when another road user (bicycle, e-scooter, motorbike, etc.) is approaching from behind.

Volkswagen Commercial Vehicles Volkswagen Commercial Vehicles (VWN) got off to a strong start in the first half of 2024. Unit sales grew by some 9% to 231,262 vehicles, with sales revenue growth on a similar level, coming in at 8.1 billion euros. Operating profit before special items increased to 641 million euros (+42.9%), despite the charges from provisions for termination agreements. The operating return was therefore 7.9% (+1.9ppt). Key figures for the Brand Group Core Key financials H1 2024 H1 2023 Change H1 24 / H1 23 Unit sales (thousand units) (incl. vehicles from other brands) 2,494 2,450 1.8% Sales revenue 69,051 million € 68,764 million € 0.4% Operating profit before special items (including restructuring measures) 3,462 million € 3,773 million € -8.2% Operating return before special items (including restructuring measures) 5.0% 5.5% -0.5%-points Net cash flow 2,005 million € 2,559 million € -21.6% Key figures for the brands belonging to the Brand Group Core1 Unit sales Sales revenue Operating profit Operating return 000 units/mill. H1/24 H1/23 H1/24 H1/23 H1/24 H1/23 H1/24 H1/23 Volkswagen Passenger Cars 1,518,756 1,523,285 42,194 42,952 966 1,641 2.3% 3.8% Škoda Auto 547,690 545,461 13,652 13,748 1,149 911 8.4% 6.6% SEAT/CUPRA 344,313 317,395 7,752 7,411 406 371 5.2% 5.0% Volkswagen Commercial Vehicles 231,262 211,747 8,087 7,417 641 448 7.9% 6.0% 1) Including the allocation of consolidation with Volkswagen Group Component

The well-known AI tool will complement Volkswagen’s own online voice assistant IDA Customers can communicate with their vehicle using natural language and will receive a range of additional informationVolkswagen is one of the first high-volume manufacturers to bring ChatGPT to its vehicles through collaboration with technology partner CerenceThe search tool is available in all new ID. models, as well as in the new Golf, new Tiguan and new Passat Volkswagen models featuring the new-generation infotainment system are now also equipped with artificial intelligence (AI) of ChatGPT. The AI-based research tool is available in all new vehicles in the all-electric ID. family, as well as in the new Golf, new Tiguan and new Passat. It can be accessed using the IDA voice assistant and offers a range of new options that go far beyond the voice control previously available. For example, customers can now have search results read out to them, and can interact with the car using natural language. Kai Grünitz, Member of the Brand Board of Management responsible for Development: “Volkswagen has a long tradition of democratising technologies. As a volume manufacturer, we make these technologies accessible to large numbers of people.

, Polo, Taigo, T-Cross, T-Roc, T-Roc Cabriolet, Golf, Golf Variant, Touran and Tiguan. Customers can benefit from savings of up to €3,700 compared with the manufacturer's recommended retail price for a model with equivalent equipment. There are also further activities with the new film: The campaign is already underway in North America to promote the Atlas. In Latin America and Mexico, the focus is on the Teramont. Volkswagen Commercial Vehicles will also be joining the global cooperation. Packed with non-stop action and filled with Illumination’s signature subversive humor, Despicable Me 4 is directed by a co-creator of the Minions, Oscar® nominee Chris Renaud (Despicable Me, The Secret Life of Pets), and is produced by About Illumination’s Despicable Me 4. In the first Despicable Me movie in seven years, Gru, the world’s favorite supervillain-turned-Anti-Villain League-agent, returns for an exciting, bold new era of Minions mayhem in Illumination’s Despicable Me 4. Following the 2022 summer blockbuster phenomenon of Illumination’s Minions: The Rise of Gru, which earned almost $1 billion worldwide, the biggest global animated franchise in history now begins a new chapter as Gru (Oscar® nominee Steve Carrell) and Lucy (Oscar® nominee Kristen Wiig) and their girls—Margo (Miranda Cosgrove), Edith (Dana Gaier) and Agnes (Madison Polan)—welcome a new member to the Gru family, Gru Jr., who is intent on tormenting his dad.

In addition to the Golf and Golf Variant, the Touran and Tiguan are also currently built in Wolfsburg. They will be joined by the Tayron at the end of the year. Current pictures from Golf production at the Wolfsburg plant can be found here

The Volkswagen brand began the current year with the market launch of the three most important volume models: Tiguan, Golf und Passat. The Brand Group Core will further strengthen its market position by debuting further attractive new models such as the all-electric Volkswagen ID.7 Tourer, the long-wheelbase ID. Buzz and the CUPRA Tavascan. The Brand Group Core’s operating return in Q1/24 was within the full-year target corridor of 6-7%. With a clear focus on further reducing complexity, shortening development cycles and systematically tapping into synergy potentials, the Brand Group Core is on track to meet its target of an operating return of 8% by 2026.