Stefan Jacoby, President and CEO, Volkswagen of America, Inc. to Keynote the 2010 NADA Convention & Expo

ORLANDO, Fla., Feb. 13 /PRNewswire/ -- Volkswagen of America, Inc. President and CEO, Stefan Jacoby today kicked off the 2010 National Automobile Dealers Association (NADA) Convention & Expo, serving as keynote speaker. Jacoby's speech touched on the past year, the current landscape facing the automotive industry, and keys to future success for both brands and dealers in the United States.

"The fundamentals of our business are timeless, as is the connection between automakers and auto dealers," according to Jacoby. "Our industry is woven into the fabric of America, and we've undoubtedly had a big impact on American society over the years. Your entrepreneurial drive and can-do attitude define the American spirit – and we need that now more than ever."

After joining Volkswagen Group of America, Inc. in 2007, Jacoby immediately began to lead notable changes for the brand with a growth strategy based on five pillars:  U.S. production, the Volkswagen organization, products, dealer network, and the brand.  Under his leadership, Volkswagen improved from 30th to 7th place in dealer satisfaction ratings, moved its corporate headquarters to Herndon, Va. and announced it would build a state-of-the-art production facility in Chattanooga, Tenn. His drive continues on, as Volkswagen aims to grow its business in the U.S. with upcoming models including the all-new Jetta successor,  a new midsize sedan, which will be manufactured in Chattanooga, and the successor to the iconic New Beetle.

To view Mr. Jacoby's entire keynote speech, and to learn more about Volkswagen of America, Inc., please visit media.vw.com and www.volkswagengroupamerica.com.

About Volkswagen of America, Inc.

Founded in 1955, Volkswagen of America, Inc. is headquartered in Herndon, Virginia. It is a subsidiary of Volkswagen AG, headquartered in Wolfsburg, Germany. Volkswagen is one of the world's largest producers of passenger cars and Europe's largest automaker. Volkswagen sells the Golf, GTI, New Beetle, New Beetle convertible, Jetta, Jetta SportWagen, Eos, Passat, Passat Wagon, CC, Tiguan, Touareg and Routan through approximately 600 independent U.S. dealers. All 2010 Volkswagens come standard-equipped with Electronic Stabilization Program. This is important because the National Highway and Traffic Safety Administration (NHTSA) has called ESC the most effective new vehicle safety technology since the safety belt. Visit Volkswagen of America online at www.vw.com or www.media.vw.com to learn more.

SOURCE Volkswagen of America, Inc.