Volkswagen Passenger Cars

In the 2021 fiscal year, Volkswagen Passenger Cars celebrated the market debut of the ID.4, the brand’s first all-electric SUV. The ID. family gained a new member with the ID.5, a modern symbiosis of SUV and coupé.

BUSINESS DEVELOPMENT

The Volkswagen Passenger Cars brand aims to move people. The centerpiece of the ACCELERATE 2030 strategy is a global initiative through which the brand aspires to transform itself into a technology and software business focused on customer needs.

In fiscal year 2021, the Volkswagen Passenger Cars brand launched the ID.4, the first all-electric SUV in the ID. family. Athletic proportions, a sleek design and a sculptured rear are the hallmarks of its exterior and give the all-rounder excellent aerodynamics. The impressive interior has generous space, puristic design, intuitive controls and sustainable upholstery materials. The recognition as “World Car of the Year 2021” underlines the brand’s ambition to combine performance and everyday practicality with the ID.4. The ID.4 is currently built and sold in the core markets of Europe and China. This will be extended in future to include the United States. The ID.4 CROZZ, ID.4 X and ID.4 GTX are derivatives of the base model. In late autumn of the reporting year, Volkswagen Passenger Cars presented another model belonging to the ID. family. The new ID.5 is impressive with a its futuristic form that combines the strengths of an SUV with the aerodynamic silhouette of a coupé, creating a modern symbiosis of the two. The popular Golf family celebrated the 45th anniversary of the Golf GTI in the reporting year. To mark the anniversary of the sporty icon, the Volkswagen Passenger Cars brand presented the special-edition Golf GTI “Clubsport 45”. The exclusive anniversary model has 221 kW (300 PS) of power and pays homage to the first Golf GTI with its special GTI features.

The Volkswagen Passenger Cars brand delivered 4.9 million vehicles worldwide in fiscal year 2021. The decline of 8.1% was due chiefly to the limited vehicle availability as a result of the semiconductor shortage. In the USA, sales increased by 15.1%.

The Volkswagen Passenger Cars brand sold 2.7 (2.8) million vehicles in the reporting year. There was strong demand for the T-Roc, T-Cross and Atlas models, and the ID.3 and ID.4 models were also very popular. The difference between deliveries and unit sales is due mainly to the fact that the vehicle-producing joint ventures in China are not attributed to the companies in the Volkswagen Passenger Cars brand.

The Volkswagen Passenger Cars brand produced 4.6 (5.1) million vehicles worldwide in 2021. In May 2021, Volkswagen Slovakia – consisting of the sites in Bratislava, Martin and Stupava – celebrated its 30^th anniversary. The multi-brand plant in Bratislava currently produces eight models for five Group brands under one roof.

SALES REVENUE AND EARNINGS

The Volkswagen Passenger Cars brand increased its sales revenue by 7.1% year-on-year to €76.1 billion in 2021. The operating result before special items was influenced by margin-related factors and stood at €2.5 (0.5) billion. This was higher than the previous year’s figure, which was particularly affected by the pandemic. Upfront expenditure for new products and technologies increased. The operating return on sales before special items amounted to 3.3 (0.6)%. The diesel issue gave rise to special items of €−0.7(−0.8) billion.

ID.5

DELIVERIES BY MARKET

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