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.March 10, 2004
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This Week:

• EDAG presents the World Premiere of the Show Car genX at the Geneva Motor Show 2004

• BMW X3 Wins 2004 Alcan Winter Rally

• Honda FCX with Breakthrough Fuel Cell Stack Proves its Cold-Start Performance Capabilities in Public Test

• Hummer Factory Implements WhereNet's Wireless Solutions to Enhance Assembly Line Operations and Expedite Production

• Toyota Prius Awarded Title of 'Best Engineered Vehicle for 2004'

• Porsche sales continue to grow in North America

• Management Appointments at Mazda Motor Europe

• PSA Peugeot Citroën at the 2004 Geneva Motor Show

• GM To Purchase Former Daewoo India Car Assembly Assets

• Volkswagen announces Personnel changes

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Volkswagen announces Personnel changes
 

Wolfsburg - The board of management of Volkswagen AG today informed its supervisory board that it intends to increase personnel in the production organisational unit of the Group during the first half of 2004. Against the background of the continuing and rapid increase in the significance of the Chinese market, Dr Folker Weißgerber (62), member of the Group board of management with responsibility for production, will, in addition to his current tasks, take on increasing responsibility for this market throughout the Group. Reinhard Jung (53), currently head of Volkswagen de México, will, with the status of a member of the board of management of the Volkswagen brand, take over responsibility for production for the Volkswagen brand from Dr Weißgerber. In addition, it is intended that Werner Neubauer (54), today head of the Wolfsburg plant, become responsible for heading up the central functions of the production organisational unit at Group level. Both will report to Dr Weißgerber.

The successors to Reinhard Jung and Werner Neubauer in their current positions will be named when the above changes are implemented.

As of 1 March 2004, Stefan Jacoby (45) will take over the newly created position of head of Group marketing and sales strategy of Volkswagen AG. In this capacity he will report to the chairman of the board of management, Dr Bernd Pischetsrieder. In 2001, Stefan Jacoby was appointed chairman of the board of management and president of Mitsubishi Motors Europe B.V. in Amsterdam. Previously Stefan Jacoby, a business economist, held various position in the Volkswagen Group in Germany and abroad. In his last position he was responsible for the region Asia/Pacific.

(Feb 27, 2004)