In the still challenging environment of 2016, the Volkswagen Group expects its overall delivery volume to be basically the same as the previous year, while still showing an upward trend in the Chinese market. Volkswagen is currently actively promoting the restructuring of the group and will take a series of important initiatives to ensure a successful future.
Volkswagen (China) revealed on the 29th that despite the diesel engine emissions incident, the Volkswagen Group maintained a good development trend in FY2015. The Group's annual sales revenue reached 213.3 billion euros, a year-on-year increase of 5.4%. This is mainly due to the improvement of the Group's automotive business, the performance of the financial services business, and the positive impact of the exchange rate. The steady sales performance has not been reflected in the profit: compared to the operating profit of 12.7 billion euros in 2014, the group lost 4.1 billion euros in 2015. Among them, diesel engine emissions caused a loss of 16.9 billion euros. After deducting this loss, the group's operating profit was 12.8 billion euros, slightly higher than in 2014.
In 2015, the Volkswagen Group sold a total of 3.5 million new cars in China (including Hong Kong), a decrease of 3.4% from the previous year. The two joint ventures of the Volkswagen Group in China have always used the weighting method to calculate financial results and therefore have not been included in the Group's sales revenue and operating profit.
Mullen, chairman of the management board of Volkswagen Group of Germany, said that diesel engine emissions incidents have had a huge impact on Volkswagen's financial data. The public will fully coordinate and use its resources to survive the crisis with strong measures.
It is reported that Volkswagen Group will release the latest strategy in the middle of this year, which will focus on key areas of the future development of the automotive industry, including digital, interconnected, electrified and new mobile services. Mullen emphasized that the Volkswagen Group is mulling the "2025 Strategy" and will promote the Group's development in these core areas in a more systematic and large-scale manner in the future.
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