Group Management Report

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Orders received by the Volkswagen Group

ORDERS RECEIVED IN THE PASSENGER CARS SEGMENT IN WESTERN EUROPE

In the reporting period, orders received in Western Europe increased by 17.7 % compared with the previous year, which had been weakened by the pandemic. All key markets exceeded the respective prior-year level. The growth rates differed in strength from country to country: while Germany saw single-digit growth, the United Kingdom, France, Italy and Spain were up by more than 20 %.

ORDERS RECEIVED FOR COMMERCIAL VEHICLES

Orders received for mid-sized and heavy trucks, for buses and for commercial vehicles from the MAN TGE van series rose by 66.5 % year-on-year to 359,975 vehicles in 2021. The Navistar brand, included from July 1, 2021, contributed to this increase. The increase was seen in both the truck and bus markets and in the MAN TGE van series segment. The visible recovery in the markets since the second half of 2020 also continued in the first half of 2021. The second half of 2021 saw a decline, mainly resulting from falling truck orders in Europe.

Order intake in the bus business recorded a very sharp increase year-on-year. This was due to the inclusion of Navistar from July 1, 2021. With Navistar’s school buses, the Volkswagen Group is now represented in North America.

ORDERS RECEIVED IN THE POWER ENGINEERING SEGMENT

The long-term performance of the Power Engineering business is determined by the macroeconomic environment. Individual major orders lead to fluctuations in incoming orders during the year that do not correlate with these long-term trends.

Orders received in the Power Engineering segment in 2021 amounted to €3.8 (3.4) billion. Engines & Marine Systems and Turbomachinery generated more than two-thirds of the order volume in a persistently difficult market environment. Until October 2020, this included the business of Renk.

In the marine business, for example, orders for 60 dual fuel engines were placed in 2021 in a project for ten ice-breaking LNG tankers. In the power plant business, orders were won for 66 engines and component sets for 28 completely knocked down engines of different types with an aggregate output of 840 MW. For turbomachinery, we received several orders for new applications which were driven by the energy transition and decarbonization such as carbon capture and storage in Europe and an energy storage facility in England.

Liquefied Natural Gas (LNG)
LNG is needed so that natural gas engines can be used in long-distance trucks and buses, since this is the only way of achieving the required energy density.