Volkswagen - Partner of Beijing 2008 Olympic Games

Beijing (ots) - The Beijing Organizing Committee for the Games of the XXIX Olympiad (BOCOG) announced today that it has chosen Volkswagen China, including the Volkswagen (China) Investment Co. Ltd., Shanghai Volkswagen Co. Ltd. and FAW-Volkswagen Co. Ltd., to be the Beijing 2008 Partner (Automobile). Volkswagen will provide financial, automotive and other types of support for the Beijing 2008 Olympic Games, the Beijing 2008 Paralympic Games, BOCOG, the China Olympic Committee, as well as the Chinese Olympic teams participating in the 2006 Olympic Winter Games and 2008 Olympic Games.

"We are very excited and proud of being appointed the official partner for the Olympics in Beijing, and at the same time, we are aware that it is also a responsibility and challenge for us," said Dr. Bernd Pischetsrieder, Chairman of the Board of Management of Volkswagen. "Volkswagen is grateful for the trust that BOCOG, the Chinese Government and the Chinese people have in us. It is a great honor for Volkswagen to become the Beijing 2008 Partner (Automobile) and to receive the endorsement from BOCOG. Volkswagen is eager to provide the Beijing 2008 Olympic Games with all the support it needs to successfully promote the Olympic sports and spread the Olympic Spirit in China."

Dr. Pischetsrieder continued by saying that Volkswagen appreciates the objectives proposed by BOCOG - "Green Olympics, High Tech Olympics and People's Olympics", which are in line with Volkswagen's long-term efforts in the areas of environmental protection, cultural and public welfare, as well as scientific and technological advancement.

Volkswagen attributes its securing of the official Olympic partner title to the outstanding and fruitful cooperation with all its Chinese partners and to the passionate support of all of its employees.

Volkswagen is the largest and most successful international partner of the auto industry in China. The Chinese market is a key component of Volkswagen's global strategy and its market will gain strategic importance to Volkswagen in the future. The German auto manufacturer has integrated itself into the great progress of the auto industry in China and exemplifies the splendid achievements China has made since its reforms. Volkswagen was and remains a reliable partner of the Chinese nation and BOCOG.

Volkswagen Group in China

In 2003, Volkswagen Group sold around 36 percent more cars in China than in the previous year with around 697,000 vehicles from the Volkswagen and Audi brands. It thus reached a market share of over 30 percent. Volkswagen is involved in three joint ventures in China. The Volkswagen Golf, Bora and Jetta as well as the Audi A6 and Audi A4 models are produced at FAW-Volkswagen in Northern China. Shanghai Volkswagen (SVW) builds the Volkswagen Passat, Santana, Santana Variant, Santana 3000, Touran, Polo and Gol. Another joint venture assembles gearboxes for vehicles built by FAW-Volkswagen and SVW.

Volkswagen (China)

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Yang Lin

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Volkswagen AG

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Christiane Krebs-Hartmann

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