ATL Automotive| Year End Sale! (YES!)

Volkswagen Commercial Vehicles Achieves 4.9 Percent Increase in Worldwide Deliveries in Nine Months

In the first three quarters of this year Volkswagen Commercial Vehicles delivered 409,300 urban delivery vehicles, transporters and pickups to customers throughout the world. Compared to the corresponding period last year (January – September 2011: 390,000) this represents an increase of 4.9 percent.  Worldwide deliveries of the Amarok pickup were up by 23.9 percent to 58,700 vehicles (January – September 2011: 47,400). Crafter deliveries rose by 35.4 percent to 36,400 units (January – September 2011: 26,900). Deliveries of the T5 series increased in the first three quarters by 3.6 percent to 119,900 (January – September 2011: 115,800). Worldwide Caddy deliveries were down by 2.2 percent to 115,800 vehicles (January – September 2011: 118,400).
In Western Europe, including Germany, brand deliveries from January to September 2012 went up by 1.2 percent to 214,600 vehicles. Deliveries in Eastern Europe up to the end of September rose by 24.3 percent to 30,900 vehicles.
In the first nine months of 2012, Germany was Volkswagen Commercial Vehicles largest-volume market in Europe, with a growth of 2.7 percent to 93,700 customer deliveries.“Despite the tense general situation in the Eurozone, we have succeeded in maintaining our steady increase in deliveries. In this we continue to stand apart from the downward development of the European market as a whole, although we are aware of the difficult conditions”, emphasized Bram Schot, Member of the Executive Management for Sales and Marketing, Volkswagen Commercial Vehicles Brand.
In South America the brand delivered three percent more vehicles to customers than in the corresponding period of the previous year, with 108,100 units. Deliveries of the Saveiro were down by 6.5 percent to 58,100 (January – September 2011: 62,100) whereas the T2, with 20,500 deliveries, showed a five percent increase (January – September 2011: 19,500).
In Africa Volkswagen Commercial Vehicles boosted deliveries by 17.3 percent to 14,300 units and in the Asia-Pacific region, the brand achieved an increase of 59.8 percent, with a delivery volume of 13,300 vehicles.

VOLKSWAGEN AND PORSCHE FINALIZE CREATION OF INTEGRATED AUTOMOTIVE GROUP

Wolfsburg, Germany –  The creation of the Integrated Automotive Group between Volkswagen and Porsche was finalized on August 1 as planned. “The path is now finally clear for a bright future together. Even closer cooperation will enable us to significantly strengthen Volkswagen and Porsche, and further expand the Group’s product portfolio with fascinating new vehicles”, said Prof. Dr. Martin Winterkorn, Chairman of Volkswagen Aktiengesellschaft’s Board of Management, in Wolfsburg on Wednesday.

Under the structure developed jointly by Volkswagen Aktiengesellschaft and Porsche Automobil Holding SE (Porsche SE), Porsche SE contributed its indirect 50.1 percent holding in Porsche AG to Volkswagen Aktiengesellschaft effective August 1, 2012. Volkswagen thus holds 100 percent of the shares of Porsche AG via an intermediate holding company. The cash and share consideration of about €4.49 billion is based on the equity value of €3.88　billion for the remaining shares of Porsche　AG set out in the Comprehensive Agreement entered into in 2009, plus a number of adjustment items. Among other things, Porsche SE will be remunerated for dividend payments from its indirect stake in Porsche AG that it would have received, as well as for half of the present value of the net synergies realizable as a result of the accelerated integration, which amount to a total of approximately €320　million.

The accelerated integration of Porsche AG into the Volkswagen Group allows the implementation of Volkswagen　AG’s and Porsche　AG’s joint strategy more quickly. “The unique Porsche brand will continue to develop successfully under Volkswagen’s multibrand strategy and proven decentralized management structure. Porsche will retain its own identity and operational independence, just like all of the other Group brands”, said Winterkorn.

ATL AUTOMOTIVE WOOS CAR BUYERS WITH MASSIVE VW DEALS

Exclusive local dealer of the Volkswagen brand, ATL Automotive has announced deals of up to $255,000 off 2012 VW passenger vehicles effective immediately. This comes as the company celebrates increased sales of nearly 200% in both passenger and commercial vehicles at the half year mark this year over last year.

Leading the line-up is the award winning 2012 Motor Trend car of the Year, the VW Passat now being offered for $4.195M down from $4.45M. Current monthly payments are approximately $65,000. This mid-sized sedan has also copped a multitude of awards including Best Family Car from Kelley Blue Book and IIHS Top Safety Pick.

Credited as the most powerful SUV and the only true 4 x 4 in its class, the price of the 2012 VW Tiguan has been slashed by $200,000 to an attractive new price of $3.795M, with monthly payments of approximately $59,000.

The increasingly popular compact sedan, VW Jetta is competitively priced for young adults seeking that first new ride at $3.195M, reflecting a $200,000 reduction with approximate monthly payments of $49,500.

Volkswagen Brand Manager at ATL Automotive, Adam Harris says the demand for the brand in the local market over the last two years has been phenomenal. “Volkswagen, Europe’s largest automaker has set a target of 2018 to become the world’s leading automaker. At present, the brand holds the number three spot and we are confident that the recent acquisition of Porsche and the continued technological innovations across all its brands will propel it to that coveted number one spot,” he explained.

Mr. Harris went on to underscore ATL Automotive’s commitment to supporting Volkswagen’s thrust by continuing to register record breaking sales of the VW brand in Jamaica and by extension, the region. “We continue to position the VW brand as the best overall value for money in the marketplace. We are offering world class German engineered vehicles at affordable prices. These are vehicles with the same Dual Clutch Gear Box (DSG) used in Volkswagen’s premium high performance brands including Porsche, Lamborghini, Bugatti and Audi,” he pointed out.

Commenting on the new prices of the vehicles, Mr. Harris said the reductions are not only aimed at providing more Jamaicans with the opportunity to drive a brand new vehicle. “Volkswagen means “The People’s Car” in German and ATL Automotive has a VW vehicle for everyone in our showroom,” noted.

Volkswagen shares soar after automaker announces deal to complete takeover of Porsche

Shares in Volkswagen AG soared higher on Thursday after Europe’s biggest automaker announced a deal to complete the takeover of sports car manufacturer Porsche by the end of the month, which the company said will result in savings of some €700 million ($880 million) per year.

Volkswagen’s shares were up 5.9 per cent at €135.75 in Frankfurt trading. The Wolfsburg-based company announced Wednesday night that Porsche will become a fully integrated brand as of Aug. 1 — joining others such as Audi, Volkswagen, Seat, Bugatti, Lamborghini and Bentley.

Volkswagen is to acquire the 50.1 per cent in Porsche’s capital that it doesn’t already hold from holding company Porsche SE for €4.46 billion plus one Volkswagen share. The arrangement allows it to book the acquisition as an internal reorganization, which is advantageous in tax terms.

Porsche failed in an attempt to take over the much larger VW in 2009 — loading itself with debt just as the global economy was entering its deepest recession since World War II following the 2008 financial crisis. Volkswagen emerged on top but the companies’ integration had been held up lately by legal issues.

“We will concentrate all our strength on the operative business and the solid, profitable growth of the company,” Volkswagen CEO Martin Winterkorn said Thursday, adding that the deal allows the companies to benefit “earlier than planned from the long-term synergies of about €700 million per year.”

The chief financial officer, Hans-Dieter Poetsch, said everyone would benefit from the deal because the savings it will produce “will lead to rising profit and so to rising tax payments.”

Volkswagen said that integrating Porsche’s highly profitable car business would have a positive impact on its earnings — but for this year, charges will largely offset that impact on operating profit.