VOLKSWAGEN AG invests in independent Canadian operations: forms Volkswagen Group Canada



    AJAX, ON, Sept. 6 /CNW/ - Today, VOLKSWAGEN AG announced that it will
form a new organization called Volkswagen Group Canada effective January 1st
2008, comprising the businesses of Volkswagen Canada and Audi Canada.
Volkswagen Group Canada will be based in the Greater Toronto Area in Ajax,
Ontario.
    Stefan Jacoby, incoming President & CEO of Volkswagen of America Inc.
underlined the strategic background of this step: "This step is being taken to
reflect an even more focused approach to the Canadian automotive market. It
will bring independent operations, ready for market expansions and ensuring
that the product and strategic needs of the Canadian market are fully
represented at a consistently high level".
    Since 1994, Volkswagen Canada has benefited from sharing a great deal of
its operation structure with Volkswagen of America and Audi of America, the
U.S. subsidiaries of VOLKSWAGEN AG and AUDI AG.
    In a joint statement, John White, Executive Vice President of the
Volkswagen brand, and Diego Ramos, Executive Vice President of the Audi brand
said: "This strengthening of the current Canadian Volkswagen and Audi
organization reflects a clear commitment to the Canadian market and the
Toronto area as a base for its operations. These very exciting changes
solidify the Canadian organization as a whole and will allow us to enhance our
focus in effectively serving our dealers and customers".




For further information:

For further information: Patrick Saint-Pierre, (905) 428-5858,
Patrick.Saint-Pierre@vw.com; Douglas Clark, (905) 428-4893,
Douglas.clark@audi.com

Organization Profile

Volkswagen Canada Inc.

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