1. News from Porsche AG

Total Page:16

File Type:pdf, Size:1020Kb

1. News from Porsche AG Porsche Club News 4/07 1. News from Porsche AG Topping-out ceremony Leipzig looks back on an “unmitigated success story” zig and make the associated invest- ments in the plant is a very significant one for the region, creating 600 new jobs. “We are proud of the fact that the Executive Board has shown this much faith in us”, said Bülow, who has recently switched from the Advisory Board at Porsche Leipzig GmbH to being Chair- man. Macht emphasises that there had “not been a second’s regret over the de- cision to locate in Leipzig”. The decision to build a new plant in Leipzig in 1999 marked the beginning of what Macht cal- led an “unmitigated success story”. As well as the new production site, a 23,500 square metre logistics centre is The first Panamera is due to roll off the production lines in Leipzig in 2009. also being built. The existing Cayenne “This fourth series will catapult Porsche into a new dimension,” said Sieg- assembly plant is being extended with a fried Bülow, Chairman of Porsche Leipzig GmbH at the topping-out cere- pilot and analysis centre and a training mony for the new production shop. workshop. A new addition will be the so- called decoupling module. This is where the delivered car bodies will be tempora- They’ve really got it nailed in Leipzig. Mi- seat Gran Turismo Panamera. The new- rily stored. Porsche is investing a total chael Macht and Siegfried Bülow had est addition to the Porsche family will be of 150 million Euro. “No-one doubts that plenty to do at the topping-out cere- produced in the new 25,000 square me- the money is being invested wisely here mony. In a hammering competition in tre production shop from 2009. The de- in Leipzig”, said Macht. Thanks to a so- front of 300 guests in the marquee, the cision to produce the Panamera in Leip- phisticated production concept, Porsche Porsche Production Director and the Chairman of Porsche Leipzig GmbH con- Powerful dignitaries at the topping-out ceremony: fidently reached for the thickest nails. Wolfgang Tiefensee, Georg Milbradt, Burkhard Jung, Michael Macht and Along with the guests of honour, they Siegfried Bülow (left to right) drive thick nails into the wood had some powerful arguments to demon- strate the commitment that the com- pany has put into expanding its activities in Leipzig. Macht and Bülow won the com- petition against high-ranking representa- tives from the political scene. Despite this, German Minister of Transport Wolf- gang Tiefensee, Saxony’s Prime Minister Georg Milbradt and the Mayor of Leipzig Burkhard Jung all enjoyed their visit. This little “do-it-yourself” interlude mar- ked the end of the official part of a top- ping-out ceremony that generated a great deal of anticipation for the four- 6 Porsche Club News 4/07 Porsche Leipzig GmbH in figures Trainee workshop Site area: Decoupling module New cafeteria and locker rooms Currently around 300 hectares Logistics center Number of employees: 400 Panamera assembly facility Cayenne production area: Pilot and analysis center 18,600 square metres (covered) Management and administration area: 3,200squaremetres Running-in and test track length: This overview shows the future face of the Porsche Leipzig plant, 3.75 kilometres complete with the new buildings Off-road course length: is now able to produce premium vehi- was a turning point for this region”, the 6 kilometres cles in relatively small units at a competi- Mayor recalled.“We will never forget what tive price. The Leipzig plant is a perfect Porsche has done for us.” Georg Milbradt Environmental protection: example of Porsche’s successful busi- emphasised that Porsche is once again Certified to DIN ISO 14001 ness model. investing in the economy of Saxony with (since June 2002) its own financial resources – there have This project will give Germany a boost been no state subsidies. Cayenne production in 2005⁄2006 as an industrial location – 70 percent of financial year: the added value created by the Panamera The construction work is all on sche- 35,128 vehicles will stay in Germany. Porsche has arranged dule. The base plates will shortly be cast. (2004⁄2005: 41,299 vehicles) things very impressively. The parent plant Pipes and cables will then be laid. The fa- in Zuffenhausen will supply the engines cade is due to be completed by the end Sales in and another 600 new jobs will be created of the year, which will allow work to be- 2005⁄2006 financial year: at suppliers. The painted bodies will come gin on the installation work for the new 34,134 vehicles from the Volkswagen plant in Hanover. series at the beginning of 2008. By the (2004 ⁄2005: 41,884 vehicles) This will secure another 500 jobs for end of 2009, a total of 50,000 premium the long term. vehicles a year from the Cayenne and Currently daily output: Panamera series will roll off the produc- 180 vehicles (two-shift system) “We need examples like Porsche”, said tion lines in Leipzig. Rosy prospects.The Tiefensee. “This is a company that keeps musicians from the Leipzig brass en- Panamera: its promises.” Porsche is also facing up to semble had exactly the right song for Four-seat Gran Turismo its responsibilities in terms of the envi- the topping-out ceremony – Bright Side To be launched in 2009 ronment. The development of a hybrid en- of Life. After all, Porsche is currently en- gine for the models produced in Leipzig joying the very best that life has to offer. Planned Panamera volume: could set the tone for the future. Jung 20,000 vehicles ⁄ year added: “Porsche has credibility. When the company came to Leipzig in 2000, it Carrera Issue 4 ⁄2007 7 Porsche Club News 4/07 Customer Centre After 25 years: Complete rejuvenation of a 911 Targa Porsche Classic brings the shine back to vintage cars and explains in depth exactly what has been contemporaries alike. The Customer Centre at the Zuffen- done during the partial restoration of the 25-year old car. Harsche listens in- hausen plant meets all expectations in terms of repair, tently and, by the end is not only fully in- maintenance, care and restoration. formed but also extremely impressed by the workmanship’s quality. As it cele- Dr. Markus Harsch had to wait five long his hand. The spots of rust on the wing? brates its “silver jubilee”, the car is glea- months to see his car again. The 57-year “Lovely.You can’t see a thing”, he notes ming again. “Fantastic, just like new. It old was both excited and cautious as with satisfaction. Porsche Classic did couldn’t be better”, says Harsch, who he entered the workshop. Suddenly, his the entire job. Harsch is standing at a uses the car for Alpine crossings and in old love was back for all to see. The ob- historic location in Plant 1. The Porsche the summer for holidays on Lake Garda ject of his passion is a platinum metallic parent plant was constructed in 1938 in Italy, when he carries two surfboards 911Targa produced in 1982. First came and is still making wishes come true for on the roof. a satisfied smile, then a relieved chuckle Porsche drivers from all over the world. and then his eyes were gleaming. Jutta Aldenhoff also takes a keen inte- Their first point of contact is often Kuno rest. Smiles on customers’ faces are The Swiss enthusiast gave his darling Werner. That was the case for Harsch. confirmation that her department is an expert inspection. The new roof? “Per- The customer advisor shows the Swiss doing its job: “Customers place huge fect”, says Harsch,stroking it lovingly with customer every detail of the work. He trust in us, because they expect that as Before the Harschs began their journey home to Switzerland, Classic Manager Jutta Aldenhoff (left) presented them with the restoration folder 8 Porsche Club News 2/07 Porsche Club News 4/07 the manufacturer, we will take perfect care of their vehicles”, says the Mana- ger of Porsche Classic.“And we take our work very seriously.” Aldenhoff presents Harsch with a restoration folder with certificate and badge. The folder provi- des detailed documentation of the 140 hours of work. Photos illustrate where, why and how the work was carried out. In the case of this 911 Targa, the body was repaired and painted. The roof had to be dismantled, repaired and re-as- sembled with original seals. Kuno Werner had kept Markus Harsch up to date constantly over the preceding months by telephone or e-mail. “The cus- tomer needs to feel that they are in good hands with us”, he says. “The restoration Reunion: Kuno Werner explains to Markus Harsch everything that has been was tailored precisely to the vehicle.” repaired on his 911 Targa For Harsch, collecting his car was a little journey into the past twenty five years ago, he bought the car for 62,000 Swiss Francs at a dealer in Lörrach but picked it up himself in Zuffenhausen. He imme- diately recognised the brick-built Plant 1. He noticed plenty of changes during his factory tour, but he was impressed by the first-class service at that time as well as now. Like the Classic depart- ment, the customer reception where the vehicle was officially handed over to Harsch and his wife in the afternoon, as it was 25 years ago, is part of the main Customer Centre sales department. Harsch actually wanted to collect his car on 22nd March – exactly 25 years and 128,000 kilometres after it left the factory in 1982 – but the harsh winter weather put an end to those hopes.
Recommended publications
  • October 2019
    1 OCTOBER 2019 Stealth Missile ISSUE 67/2019 2 Quarterly Newsletter of the Porsche Club of Tasmania A CAMS Affiliated Club Honorary Life Member – Klaus Bischof (2010) Life Member - Leon Joubert (2013) Club Honours - John Pooley (2016) Rob Sheers (2016) CONTENTS Committee…………………………………………… ...............................................3 Editorial………………………………………………. ...............................................4 The Inside Line……….………………………………….............................................5 President’s Report 2019 AGM……………………………...…………………………..6 New Members……………………………………….………………………...…….…...7 Events Calendar.........................………..................................................................8 PCT Club Awards Points 2019………………..………………………...………………9 Club Awards Points Scoring……. ........................................................................10 Karl Ferdinand Piech……………………………………..........................................11 Southern EMR 14 July…..….................................................................................16 Northern EMR 21 July...........................................................................................18 PCT Driver Training Day 28 July ..........................................................................19 N/NW AGM Run 25 August…………….........……………...................................…21 N/NW Run 15 September …..….…..................................................……………….22 Southern EMR To Geeveston 15 September.........................................................24 Porsche Technical:
    [Show full text]
  • Porsche Automobil Holding SE Company Accounts 2008/2009
    Porsche Automobil Holding SE company accounts 2008/09 4 Group management report and management report of Porsche Automobil Holding SE 80 Balance Sheet 81 Income statement 82 Notes 102 Audit Opinion 103 Company Boards 105 Membership in other statutory supervisory boards and comparable domestic and foreign control bodies Group management report and management report of Porsche Automobil Holding SE Recent developments Michael Macht and Thomas Edig's appointment to the helm of Porsche AG marks the beginning of a new era for the Stuttgart-based automobile manufacturer. Michael Macht, who for many years served as head of pro- duction and logistics, has been made a member of the executive board of Porsche SE, and CEO of Porsche AG. Thomas Edig has been made board member at Porsche SE and Mr. Macht’s deputy at Porsche AG, where he is also responsible for HR and social issues and functions as labor director. Macht’s successor as head of production is Wolfgang Leimgruber, who was previously responsible for the body shell and paint shops. At Porsche SE, Michael Macht is responsible for technology and products, while Tho- mas Edig heads the commercial and administrative side. On 23 July 2009, the supervisory board of Porsche Automobil Holding SE (“Porsche SE”) reached an agreement on the departure of the long-term executive board members Dr. Wendelin Wiedeking and Holger P. Härter. Both men also resigned from their posts on the supervisory boards of Volkswagen AG and AUDI AG. Prof. Dr. Martin Winterkorn will be made the new CEO of Porsche SE fol- lowing the approval of the supervisory boards of Porsche SE and Volks- wagen AG.
    [Show full text]
  • Master's Thesis Research Project – Sustainable Business and Innovation
    Master’s Thesis Research Project – Sustainable Business and Innovation Dealing with an identity threat: Porsche and the transition to electric mobility Student: Marcelo Brull Student Number: 6557996 Email: [email protected] Supervisor: Dr. Christina Bidmon Course: GEO4-2606 Program: Sustainable Business & Innovation Word count: 17,646 Abstract Due to sustainable transitions, industries and organizations across the globe need to transform and align their product offerings and business practices with more environmentally friendly and socially accepted ways of operating. The movement towards this reality may come to confront organizations and industries’ business as usual, creating an identity threat. This is especially the case for incumbent organizations, who have reached their current market positions based on legacy business practices and products. Understanding how incumbent organizations deal with the identity threat within their external communication becomes important as theory acknowledges that an organization’s ability to communicate the process of change to its stakeholders and manage the expectations of these stakeholders as the organization transforms is as important as the act of changing processes, structures, and products. This longitudinal study explains how an incumbent organization deals with an identity threat caused by a sustainable transition in its external communication, and identified which corporate identity elements does it alter, maintain, and disrupt. As empirical context, the study analyzed Porsche and the transition to electric mobility. The study used Porsche’s external communication (annual/sustainability reports and website for press-related matters) and interviews with Porsche’s senior executives, searched on Nexis Uni research database, during the period of 2005 and 2020. The data was first analyzed to reconstruct the case chronology and then analyzed for the identification of maintenance or change of corporate identity elements.
    [Show full text]
  • From Porsche Club of America--Golden Gate Region Date: December 4, 2007 2:39:13 PM PST To: [email protected] Reply-To: [email protected]
    From: John Celona <[email protected]> Subject: From Porsche Club of America--Golden Gate Region Date: December 4, 2007 2:39:13 PM PST To: [email protected] Reply-To: [email protected] Porsche Club of America Golden Gate Region December, 2007 - Vol 47, Number 12 In This Issue Dear Porsche Enthusiast, Place dé Leglise Welcome to The Nugget, the email newsletter of the Golden Letter from the Editor Gate Region, Porsche Club of America. Competition Corner If you have any trouble viewing Membership Report this email, you can click here to go to the archive of PDF Board of Directors versions of this newsletter. For AX #10 comments or feedback, click here to email the editor. The Power Chef Thanks for reading. 40 Years Ago in the Nugget Registration for DE #6 Year End GGR Banquet Zone 7 Awards Dinner Crab 34 European Porsche Parade 2008 LA Lit & Toy Show Porsche Web Cinema Porsche Hybrid History Quick Links Event Calendar Classified Ads Join PCA Now Nugget Archive More About Us Zone 7 web site PCA web site Great Links Place dé Leglise --by Claude Leglise, GGR President The State of GGR There are only two events left on the GGR calendar for this year. Driver's Ed at Laguna Seca on December 9 - there are still slots available and the weather is holding up very nicely - and the Friday Night Social on December 21. The club has enjoyed a good year in 2007, yet some challenges face us. Andrew Forrest and the entire Time Trial crew have done a terrific job modernizing and revitalizing the TT Series.
    [Show full text]
  • The End of An
    Page 22 Christophorus 340 Christophorus 340 Page 23 The Company It was midday, following the twenty-hour world. “Dr. Wiedeking led the company out an immediate success. In the 2003/04 busi- meeting of the supervisory board. In pour- of hard times to heights that no one had ness year, more than 39,000 units were pur- Farewell to Dr. Wendelin Wiedeking ing rain, Dr. Wendelin Wiedeking strode to imagined before,” said Supervisory Board chased worldwide, making it the top seller the microphone in the courtyard of Zuffen- Chairman Dr. Wolfgang Porsche. This was among Porsche models. hausen Plant 2 and announced to more than due in part to Wiedeking’s keen sense for five thousand Porsche employees, “I am no market development. And that is reflected 2003 – Carrera GT. The dream car. In Leip- The End of an Era longer your boss.” The departing CEO ex- not least of all in the successful new vehicles zig, Wiedeking had a limited edition of 1,270 plained his resignation by stating, “Porsche launched during his tenure. supercars built with a mid-mounted V-10 CFO Holger Härter and I have come to the that had initially been designed for long- conclusion that it is better for the future 1993 – Boxster. With this 201-hp mid- distance endurance races. This technological strategic development of Porsche SE and engine roadster that cost about $40,000 at flagship accelerated from 0 to 200 km/h Dr. Wendelin Wiedeking AG if we are not on board.” the time, Wiedeking reached a new class of (124 mph) in a dizzying 9.9 seconds.
    [Show full text]
  • Porsche Zentrum Niederbayern Und Landshut
    Porsche Zentrum Niederbayern und Landshut Auf den Punkt. Präsentation der neuen Cayenne Modelle in Plattling und Landshut. Accendiamo i motori. Italienausfahrt Frühjahr 2010. t u h s d n a L m u r t n e Z e h c s r o P • n r e y a b r e d e i N m Porsche Intelligent Performance. u r t n e Z Der neue 918 Spyder mit Plug-in-Hybrid. e h c s r o P INHALT EDITORIAL PORSCHE TIMES | AUSGABE 2/10 | Seite 2 „Gemeinsam sind wir stark!" Hybrid-Technologie von Porsche. J.D. Power-Zuverlässigkeitsstudie. Liebe Porsche Freunde, 3 Platz eins für Porsche. Mittendrin statt nur dabei – dieses Motto eines bekannten Italienausfahrt Frühjahr 2010. Fernsehsenders trifft auch auf viele unserer Kunden zu, die 4 Accendiamo i motori. uns bei Veranstaltungen, Ausfahrten und Besuchen in unseren Auf den Punkt. Porsche Zentren die Ehre geben. Ihre Freude an der Sache 5 Präsentation der neuen Cayenne Modelle im Porsche Zentrum Niederbayern. leiten sie direkt aus der Formel ab, die Porsche nach oben gebracht hat: Ohne Lust keine Leistung, ohne Leistung keine Porsche Club Niederbayern. 6 Kartrennen und Bayerwaldausfahrt. Lust. Porsche Intelligent Performance. Dabei erhält das Lustprinzip erst seine Berechtigung, wenn es 7 Effiziente Sportwagen – seit mehr als 60 Jahren. dem Leistungsprinzip folgt. Das führt dazu, dass man Trends Hybrid-Technologie von Porsche. nicht nachahmt, sondern neue Maßstäbe setzt – typisch 8 Mit Spannung erwartet. Porsche eben. In unseren Porsche Zentren bieten wir unseren Interview mit Dr. Michael Leiters, Projektleiter Gesamtfahrzeug Cayenne. Kunden Erlebniswelten, wie es sich für ein Autohaus gehört, 10 Die Porsche Hybrid-Technologie der Zukunft.
    [Show full text]
  • Klartext Hoch 4. Porsche Zentrum Maienfeld
    Porsche Zentrum Maienfeld Porsche Passion & Driving Days. Das Porsche Zentrum Maienfeld öffnete seine Türen. Autosalon Genf. Von Altenrhein nach Genf. Klartext hoch 4. Der neue Porsche 911 Carrera 4 GTS. Porsche Zentrum Maienfeld • Industriestrasse 16 • 7304 Maienfeld • www.porsche-maienfeld.ch INHALT EDITORIAL PORSCHE TIMES | AUSGABE 2/11 | Seite 2 „Es wird von uns in Zukunft sicher einen Hybrid-Sportler und am Ende auch einen Elektro-Sportwagen geben. Dieser Trend ist nicht aufzuhalten.” Michael Macht „Es ist die Aufgabe des Managements, den Mitarbeitern Visionen zu geben; das ist die allerbeste Motivation.” Wendelin Wiedeking Chaos-Theater. 3 Oropax im Porsche Zentrum Maienfeld. Sehr geehrte Porsche Kunden und Freunde unseres Hauses. Für Klassiker, die noch viel vorhaben. 5 Jetzt neu: die Porsche Classic Card. Der Frühling und der Automobilsalon in Genf haben bei Porsche einmal mehr Überraschungen ans Tageslicht ge- bracht, auf die wir nicht gefasst waren. Wieder einmal hat Porsche als Anbieter von neuzeitlichen Technologien seine Marktposition verstärkt und gesichert. Nebst den Sondermodellen auf der Basis der 911 Modelle, dem Black Edition und dem Carrera GTS wurde auch der Boxster Black Edition vorgestellt. Ein Modellangebot mit einer Fülle von Mehr- und Sonderausstattungen, die diese Fahrzeu- ge sehr attraktiv bezüglich Preis-Leistungsverhältnis aus- zeichnen. Mit diesen Modellen hatten wir einen ausserordent- Sportlichkeit und Effizienz: ergibt Fahrspass für vier. lich erfolgreichen Start in die Sportwagensaison 2011. Die 6 Die Panamera Story. Ankündigung des Sondermodells 911 Carrera 4 GTS ermög- licht uns, unseren Kunden zusätzlich ein attraktives Modell mit Die Königsdisziplin. 8 Der Porsche 911 GT3 RS 4.0. Allradantrieb anzubieten. Durch die Vorstellung des neuen E–Boxster präsentiert sich Anziehungskraft, die ins Schwarze trifft.
    [Show full text]
  • October 2009 Issue X, Volume III; Electronic Newsletter
    der Riesenbaum Redwood Region Newsletter Porsche Club of America Del Norte, Humboldt, Lake, Marin, Mendocino, Napa and Sonoma October 2009 Issue X, Volume III; electronic newsletter Bill Walters, editor Kurt Fischer, assistant editor See us on the web at: http://red.pca.org/ Redwood Region Ledson Concours winners, L-R, Brian Barber, Greg Maissen, Barry Schmidt, Paul Nadel, Duncan Thomson, Bill Young. Front, Don Durant & James Jordan, seated, John Jackson. That's James Heisey visible in the back and poor Jeanine Nadel is completely hidden by Don. See complete story inside. Kaye Jackson pic. R E D W O 0 D R E G I O N President's Message Kurt Fischer It is officially Fall now...but in typical Northern California weather, last weekend proved that Mother Nature will fool us big time with temps well over 100 degrees on both Saturday and Sunday! Saturday, we had a small Porsche corral at the CSRG Vintage races at Infineon with a nice turn out of the renegade Porsche R-Gruppe guys with their hot rod Porsches... several real RS's as well as some sweet clones. Their cars are fun to see and hear! Sunday was our 10th Annual Zone 7 Concours d' Elegance at Ledson Winery in Kenwood again under our Indian summer heat. Luckily, the shade of the old oak trees at Ledson gave us some relief! See Bill's article in this issue! Another stunning set of Porsches there and the Redwood Region members did well and got a number of trophies! Upcoming we have our final Redwood Region Autocross at the Santa Rosa Airport on October 17, 2009.
    [Show full text]
  • Download PDF, 46 Pages, 519.73 KB
    ___________________________________________________________________________ Annual Financial Statements of Volkswagen Aktiengesellschaft as at 31.12.2010 Balance Sheet Income Statement Notes to the Annual Financial Statements 2 Annual Financial Statements of Volkswagen AG Balance Sheet of Volkswagen AG as of December 31, 2010 Note Dec. 31, 2010 Dec. 31, 2009 € million Assets Fixed assets 1 Intangible assets 163 199 Tangible assets 3,858 3,932 Long-term financial assets 38,056 34,505 42,077 38,636 Current assets Inventories 2 3,230 3,361 Receivables and other assets 3 13,909 10,376 Securities 4 79 80 Cash-in-hand and bank balances 5 7,738 8,825 24,956 22,641 Prepaid expenses 67 58 Excess of plan assets over post-employment benefit liability 10 122 – Total assets 67,223 61,334 Equity and Liabilities Equity Subscribed capital 6 1,191 1,025 Ordinary shares 755 Preferred shares 436 Contingent capital 109 Capital reserves 7 9,410 5,356 Revenue reserves 8 5,432 4,792 Net retained profits 1,039 884 17,072 12,056 Special tax-allowable reserves 9 59 65 Provisions 10 24,838 23,236 Liabilities 11 25,251 25,973 Deferred income 3 5 Total equity and liabilities 67,223 61,334 3 ANNUAL FINANCIAL STATEMENTS OF VOLKSWAGEN AG Balance Sheet Income Statement Notes Responsibility Statement Auditors’ Report Income Statement of Volkswagen AG for the Period January 1 to December 31, 2010 Note 2010 2009 € million Sales 12 57,243 47,864 Cost of sales –53,059 –47,454 Gross profit on sales 4,184 410 Selling expenses –4,210 –3,985 General and administrative expenses
    [Show full text]
  • 1 Volkswagen Case Study George Dallas June 2020
    Volkswagen Case Study George Dallas June 2020 Volkswagen’s Dieselgate: corporate governance and sustainability Of the many companies representing German industry, Volkswagen AG (VW) has long been one of the most recognised, and iconic, brands of “Deutschland AG”. As an automotive conglomerate with a long, and, at times dubious, history, VW is one of the world’s largest auto producers, typically running neck and neck with Japanese rival Toyota for global market dominance. As a publicly listed company, VW is widely held by institutional investors, even though its ownership structure—and voting control-- is dominated by ownership from the Germany’s Porsche/Piëch family, the German Federal State of Lower Saxony and the Qatari sovereign wealth fund. It is included in the German “blue chip” DAX 30 index, which ensures VW’s inclusion in passive investment strategies indices based on the DAX 30, as well as other global equity indices. In 2014 Volkswagen was the world’s largest auto producer by volume– a goal articulated by Piëch in 2005. It produced 10.2 million vehicles, with 12 brands and had an employment base in excess of 600,000—45% from Germany. While Germany itself represented 12% of VW sales, 26% of its production came from Germany—a high cost production base by global standards. It was, and remains, an important source of employment (and tax revenue) for the city of Wolfsburg and the German state of Lower Saxony. VW’s deep ties to its community are reflected in its ownership of the local football (soccer) team, VfL Wolfsburg, which competes in the world renown German “Bundesliga”, in a stadium named Volkswagen Arena.
    [Show full text]
  • Executive Bodies
    GROUP MANAGEMENT REPORT Executive Bodies Executive Bodies Members of the Board of Management and their Appointments Appointments: as of December 31, 2014 PROF. DR. DR. H.C. MULT. CHRISTIAN KLINGLER (46) HANS DIETER PÖTSCH (63) MARTIN WINTERKORN (67) Sales and Marketing Finance and Controlling Chairman (since January 1, 2007), January 1, 2010* January 1, 2003* Research and Development Appointments: Chief Financial Officer July 1, 2000* Messe Frankfurt GmbH, Frankfurt am Main of Porsche Automobil Holding SE Chairman of the Executive Board of November 25, 2009* Porsche Automobil Holding SE DR.-ING. E.H. MICHAEL MACHT (54) Appointments: November 25, 2009* Production Bertelsmann Management SE, Gütersloh Appointments: October 1, 2010 – July 31, 2014* Bertelsmann SE & Co. KGaA, Gütersloh FC Bayern München AG, Munich PROF. H.C. DR. RER. POL. ANDREAS RENSCHLER (56) DR. RER. POL. H.C. HORST NEUMANN (65) Commercial Vehicles FRANCISCO JAVIER Human Resources and Organization February 1, 2015* GARCIA SANZ (57) December 1, 2005* Appointments (as of February 1, 2015): Procurement Deutsche Messe AG, Hanover July 1, 2001* DR. H.C. LEIF ÖSTLING (69) Appointments: Commercial Vehicles PROF. RUPERT STADLER (51) Hochtief AG, Essen September 1, 2012* Chairman of the Board of Management of AUDI AG Criteria CaixaHolding S.A., Barcelona Appointments: January 1, 2010* SKF AB, Gothenburg Appointments: PROF. DR. RER. POL. DR.-ING. E.H. EQT Holdings AB, Stockholm FC Bayern München AG, Munich JOCHEM HEIZMANN (62) China January 11, 2007* Appointments: Lufthansa Technik AG, Hamburg OBO Bettermann GmbH & Co. KG, Menden As part of their duty to manage and supervise the Membership of statutory supervisory boards in * Beginning or period of membership of the Board of Group’s business, the members of the Board of Germany.
    [Show full text]
  • Volkswagen AG Annual Report 2010
    Experience D[r]iversity. annual report 2010 Key Figures VOLKSWAGEN GROUP Volume Data 1 2010 2009 % Vehicle sales (units) 7,278,440 6,309,743 + 15.4 Production (units) 7,357,505 6,054,829 + 21.5 Employees at Dec. 31 399,381 368,500 + 8.4 2010 2009 % Financial Data (IFRSs), € million Sales revenue 126,875 105,187 + 20.6 Operating profit 7,141 1,855 x Profit before tax 8,994 1,261 x Profit after tax 7,226 911 x Profit attributable to shareholders of Volkswagen AG 6,835 960 x Cash flows from operating activities 11,455 12,741 – 10.1 Cash flows from investing activities 9,278 10,428 – 11.0 Automotive Division 2 EBITDA 3 13,940 8,005 + 74.1 Cash flows from operating activities 13,930 12,815 + 8.7 Cash flows from investing activities 4 9,095 10,252 – 11.3 of which: investments in property, plant and equipment 5,656 5,783 – 2.2 as a percentage of sales revenue 5.0 6.2 capitalized development costs 1,667 1,948 – 14.4 as a percentage of sales revenue 1.5 2.1 Net cash flow 4,835 2,563 + 88.6 Net liquidity at Dec. 31 18,639 10,636 + 75.2 2010 2009 Return ratios in % Return on sales before tax 7.1 1.2 Return on investment after tax (Automotive Division) 13.5 3.8 Return on equity before tax (Financial Services Division) 5 12.9 7.9 1 Volume data including the unconsolidated Chinese joint ventures.
    [Show full text]