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Volkswagen in the United States:An Evolving Growth StoryHardy BrenneckeEVP & CFO, Volkswagen Group of America, Inc.Deutsche Bank Global Auto Industry Conference, Detroit, 16 January 2013

DisclaimerThis presentation contains forward-looking statements and information on the business development ofthe Volkswagen Group. These statements may be spoken or written and can be recognized by termssuch as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “will” or wordswith similar meaning. These statements are based on assumptions relating to the development of theeconomies of individual countries, and in particular of the automotive industry, which we have made onthe basis of the information available to us and which we consider to be realistic at the time of going topress. The estimates given involve a degree of risk, and the actual developments may differ from thoseforecast.Consequently, any unexpected fall in demand or economic stagnation in our key sales markets, such asin Western Europe (and especially Germany) or in the USA, Brazil or China, will have a correspondingimpact on the development of our business. The same applies in the event of a significant shift incurrent exchange rates relative to the US dollar, sterling, yen, Brazilian real, Chinese renminbi andCzech koruna.If any of these or other risks occur, or if the assumptions underlying any of these statements proveincorrect, the actual results may significantly differ from those expressed or implied by suchstatements.We do not update forward-looking statements retrospectively. Such statements are valid on the date ofpublication and can be superseded.2

AgendaVolkswagen Group sales updateVolkswagen’s profitable growth in the U.S. market3

AgendaVolkswagen Group sales updateVolkswagen’s profitable growth in the U.S. market4

World Car Market vs. VW Group Deliveries to Customers1)January to December 2012 vs. 2011World: Car market: 7.2% VW Group: 11.2%North AmericaCar marketVW GroupCars LCV26.2%Western EuropeCar marketVW GroupCentral & Eastern EuropeCar marketVW Group17.6%12.4%5.9%-8.2%South AmericaCar marketVW Group-3.4%Rest of WorldCar marketVW GroupAsia PacificCar market23.3%23.2%4.6%1)8.2%Figures incl. Porsche (since 08/12); excl. Scania and MANVW Group13.3%6.0%5

Volkswagen Group – Deliveries to Customers by Markets1)January to December 2012 vs. 2011 000 units 11.2%January to December 2011January to December 4% 23.3% 17.6% 26.2% 8.2% 23.2%4,0003,130 3,0232,5703,0003,1702,0005481,000644667842933 1,0103133850VolkswagenGroup1)WesternEuropeFigures incl. Porsche (since 08/12); excl. Scania and MANCentral &EasternEuropeNorth America South America Asia PacificRest of World6

Volkswagen Group – Deliveries to Customers by Brands1)January to December 2012 vs. 2011 000 units 11.2%January to December 2011January to December 20121)10,0009,0749,0008,1608,0007,000 12.7%5,7386,0005,0915,0004,0003,000 11.7%2,0001,303 1,4551,000 6.8%-8.3% 21.5%879 939529 550350 321600Volkswagen VolkswagenGroupPassenger Cars1)Figures incl. Porsche (since 08/12); excl. Scania and MANAudiŠKODA 4.1%SEATPorsche(since 08/12)79BentleyVolkswagenCommercialVehicles7

AgendaVolkswagen Group sales updateVolkswagen’s profitable growth in the U.S. market8

Volkswagen Group in America – Writing a New ChapterU.S. is creating profitable growth through localized models and by working as one GroupLeadingin customersatisfactionand qualityAuburn HillsHerndon HeadquartersChattanooga PlantVolkswagenGroup profitbefore taxmargin 8%1TopemployerSilao PlantPuebla PlantAudi San José Chiapa Plant(SOP 2016)Volumes 10 millionunits p.a.11Global Volkswagen Group Targets/Strategy 20189

Volkswagen Group of America – Deliveries to Customers by BrandsJanuary to December 2012 vs. 2011January to December 2011January to December 2012 30.6%580,286 35.1%444,192438,133324,402 23.3%2,351 18.5%1,877117,561139,310 50.0%352Volkswagen GoAVolkswagenPassenger CarsAudiBentley528Lamborghini &Bugatti10

Volkswagen Brand Momentum Continued in 2012Best sales since 1973Delivered twice the volume sold in 2009Best market share in 29 years at 3.0%2010: 20.3% Year-over-year Sales Increase2011: 26.3% Year-over-year Sales Increase2012: 35.1% Year-over-year Sales IncreaseJetta Hybrid SELBeetleConvertible TurboPassatTiguan11

Significant Step-Up in U.S. Volkswagen Brand Sales 35%500,000438,133 26%400,000324,402 20%300,000224,195 235,140 230,560 %23%13%Souce: Autodata, Volkswagen12

Volkswagen Brand13

Increased Localization Supports Positive Sales DevelopmentPercentage of delivered vehicles by origin; Volkswagen brand2012201025%39%61%75%Vehicles sourced / manufactured in North AmericaVehicles sourced / manufactured outside of North America14

Award-winning: The All New PassatCar of the Year 2012Top Safety Pick 2011Best Family Car of 2012 andBest Sedan under 25,000The Family Vehicleof the Year 2012Best of 2012Winner ofHot Six Comparison15

Competitor Introductions will Increase Diesel AwarenessExpected number of competitor models1) (excl. nitiChevroletBMW02012201320142015201620171) Excludingpick-up trucksSource: Market research by Volkswagen Group of America, Inc.16

Volkswagen Brand Models Recommended by Consumer ReportsIncrease From Six to TenRecommendation History of ModelsBeetle2.5LCC2.0TEosGTIGolf 2.5Golf TDIJettaGLIJetta 2.5L Jetta TDISportwagen anTiguanTouaregTDI201020112012Source: Consumer Reports17

Volkswagen Group of America Business Objectives for 2013Volkswagen Group of America achieved more than 95% volumegrowth since 2009: Continue to build on foundations thatcontribute to sustainable and profitable growthOutperform market in 2013Continue sales momentum in 2013 and aim to sell over 600,000units – the first time everMarket forecast approximately 15.0 million units in 2013,depending on economic conditionsOn a consolidated basis, Volkswagen Group of America has setits sights on moving into the black this year18

Volkswagen in the United States:An Evolving Growth StoryHardy BrenneckeEVP & CFO, Volkswagen Group of America, Inc.Deutsche Bank Global Auto Industry Conference, Detroit, 16 January 2013

Volkswagen Group in America - Writing a New Chapter U.S. is creating profitable growth through localized models and by working as one Group 9 Top employer Volkswagen Group profit before tax margin 8%1 Volumes 10 million units p.a.1 Leading in customer satisfaction and quality 1 Global Volkswagen Group Targets/Strategy 2018 Puebla Plant .