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Annual Report

Volkswagen Commercial Vehicles

Amarok raises the bar in the pickup class

Volkswagen Commercial Vehicles entered the pickup segment in 2010 with the new Amarok, winning the “International Pickup Award” straight away. The popular Multivan is celebrating its 25th anniversary. The Multivan/Transporter series is making a significant contribution to volume growth.

Volkswagen Commercial Vehicles (logo)

BUSINESS DEVELOPMENT

Volkswagen Commercial Vehicles recorded a successful fiscal year 2010, entering the pickup segment with the new Amarok. This new addition to the product range is available as a four-door DoubleCab and is the most fuel-efficient pickup of its class1 with average consumption of 7.6 l of fuel per 100 km. At the same time, the 25th anniversary of the highly successful Multivan large MPV was celebrated by showcasing the Multivan “Edition25” and the robust Transporter Rockton models. In addition, Volkswagen Commercial Vehicles presented the new generation of the popular Caddy. In the version with BlueMotion Technology1, the new Caddy requires just 5.3 liters of fuel per 100 km (combined).

Amarok DoubleCab (photo)

Amarok DoubleCab

Volkswagen Commercial Vehicles is currently enjoying healthy growth – deliveries to customers worldwide increased to a total of 436 thousand vehicles in 2010, 20.5% up on the previous year. Sales figures in South America and Western Europe recorded particularly strong growth.

Sales to the dealer organization increased by 27.3% year-on-year to 349 thousand vehicles. The new Caddy, which is available both as a commercial vehicle and as various passenger cars, recorded sales of 130 thousand vehicles (+0.8%). The Caravelle/Multivan and Transporter models made a key contribution to the high overall level of sales with 175 thousand vehicles (+24.9%). The new Amarok also met with a very good response from customers.

In the past fiscal year, Volkswagen Commercial Vehicles produced a total of 422 thousand units, 37.0% more than in the previous year. This does not include the production figures for Crafter models manufactured at the Daimler plants in Düsseldorf and Ludwigsfelde. A total of 130 (96) thousand units of the Caravelle/Multivan and Transporter models were manufactured at the main production facility in Hanover. Production at the Poznan plant in Poland increased to 148 (137) thousand vehicles.

As the Brazilian commercial vehicles business was sold in the first quarter of 2009, the prior-year figures for heavy commercial vehicles are only included for January and February.

1 Consumption and emission data can be found here.

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VOLKSWAGEN COMMERCIAL VEHICLES

 

 

2010

 

2009

 

%

Deliveries (thousand units)

 

436

 

362

 

+20.5

Vehicle sales

 

349

 

275

 

+27.3

Production

 

422

 

308

 

+37.0

Sales revenue (€ million)

 

7,392

 

5,294

 

+39.6

Operating profit

 

232

 

313

 

–25.9

as % of sales revenue

 

3.1

 

5.9

 

 

20.5%

INCREASE IN DELIVERIES

SALES REVENUE AND EARNINGS

Volkswagen Commercial Vehicles generated sales revenue of €7.4 billion in fiscal year 2010, up 39.6% on the previous year. Operating profit declined by 25.9% to €232 million.

However, adjusted to include the proceeds of €0.6 billion received in the previous year from the sale of the Brazilian commercial vehicles business, operating profit was significantly higher than in 2009. Without adjusting the previous year, the operating return on sales decreased from 5.9% to 3.1%.

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PRODUCTION

 

 

 

 

Vehicles

 

2010

 

2009

2

 2009 January and February only.

Caravelle/Multivan, Kombi

 

104,846

 

56,073

Saveiro

 

73,039

 

38,899

Caddy Kombi

 

68,560

 

78,488

Caddy

 

68,304

 

48,601

Transporter

 

63,173

 

78,985

Amarok

 

44,525

 

193

Trucks2

 

 

5,187

Omnibus2

 

 

1,872

 

 

422,447

 

308,298

Caddy (photo)

Caddy

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