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.January 14, 2004
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This Week:

• World premiere in March 2004 - More performance, more safety, more roadster motoring pleasure: The new Mercedes-Benz SLK-Class

• Lincoln Mark X Concept: A New Statement Of Luxury

• Toyota Stages World Premiere Of All-New Highlander Hybrid SUV At 2004 North American International Auto Show

• Chrysler Introduces New 2005 Crossfire Roadster

• Porsche Vehicle Sales in North America Exceed 30,000 in 2003

• Albrecht Graf Goertz To Celebrate His 90th Birthday

• One millionth vehicle leaves assembly line at FAW-Volkswagen

• GM Reports December Sales of 447,900, Down 9 Percent From Record Year-Ago Levels

• Nissan's European Sales Increased 14.5% In 2003

• PSA Peugeot Citroën Expands Manufacturing Base in China to Increase Production Capacity to 300,000 Vehicles a Year

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One millionth vehicle leaves assembly line at FAW-Volkswagen
 

Wolfsburg - FAW-Volkswagen in Changchun, People's Republic of China, celebrated a remarkable production anniversary on 7 January. In the presence of Dr. Folker Weißgerber, member of the Board of Management of Volkswagen AG, the one millionth vehicle, a red Golf, came off the assembly line at the plant. In his address, the VW Board member highlighted the company's positive development. Based on modern technology, FAW-Volkswagen today produces large numbers of high-quality vehicles. Under the very successful cooperation, both partners in the joint venture have learnt from each other's strengths. Dr. Folker Weißgerber drew attention to the fact that the 500,000th vehicle only rolled off the production line on 1 February 2002. In just under two years, FAW-Volkswagen had doubled vehicle production in Changchun to 1,000,000 units.

With the introduction of the Audi A4, the New Audi A6 and the fourth generation Golf, FAW-Volkswagen reported vehicle sales of some 298,000 units in 2003. Today, FAW-Volkswagen produces Jetta, Bora, Golf, Audi A4 and Audi A6 models for the Volkswagen and Audi brands. These models rank among the best-selling vehicles for corporate and private use and for taxis on the Chinese market.

To meet demand on the fast-growing automotive market, construction of a second automobile plant in Changchun began in July 2003. Once this second factory has been completed, FAW-Volkswagen will be in a position to further expand its product range.

In total, the Volkswagen Group with its joint ventures in Changchun and Shanghai produced approx. 698,000 vehicles in 2003 and thus clearly continues to hold pole position in China.

(Jan 08, 2004)