Volkswagen Group of America Names New CEO

HERNDON, Va., Sept. 13 /PRNewswire/ -- Volkswagen Group of America announced today that Jonathan Browning, 51, has been named President and CEO of Volkswagen Group of America effective October 1, 2010. He is currently responsible for the global directing of the Volkswagen Group's National Sales Companies (NSC).

"Volkswagen will play an even stronger role in the important U.S. market going forward," said Christian Klingler, Member of the Board of Management of Volkswagen AG for Sales. "Jonathan Browning is an acknowledged expert on this market, its customers and its sales structures."

Jonathan Browning succeeds Stefan Jacoby, who has left the company. Browning has held numerous executive sales and marketing posts worldwide at General Motors (GM) and Ford Motor Company. He was vice president of European sales, service and marketing at the GM Group from 2001 to 2008, and simultaneously chairman of Vauxhall Motors from 2006 to 2008, becoming GM vice president of global sales, service and marketing in 2008. Browning worked for the Ford Group from 1997 to 2001, first as executive director of marketing for Ford Europe and then as the global managing director of Jaguar. He moved to the Volkswagen Group in June 2010.

"The U.S. will always be one of the largest and most important markets for automobiles," said Klingler, adding that this affords the Volkswagen Group significant growth opportunities. Klingler also reiterated the target to sell 200,000 Audi brand models and 800,000 Volkswagen brand models in 2018. "Volkswagen and Audi will become leading brands in the U.S."

Volkswagen Group is investing one billion dollars in the new Chattanooga plant, will be launching a unique marketing offensive in the U.S. and recently celebrated the world premier of the Jetta in New York's Times Square. According to Klingler: "The Group's board and top management fully support this market and its customers."

About Volkswagen Group of America, Inc.

Volkswagen Group of America, Inc. is a wholly owned subsidiary of Volkswagen AG, the world's third-largest automaker and the largest carmaker in Europe. It houses the U.S. operations of a worldwide family of distinguished and exciting brands including Audi, Bentley, Bugatti, Lamborghini and Volkswagen, as well as VW Credit, Inc.

Founded in 1955, the company's headquarters are in Herndon, Va., Volkswagen Group of America brings to the U.S. vehicles that marry the science of engineering and the art of styling, with the goal of offering attractive, safe, and environmentally sound automobiles that are competitive and set world standards in their respective classes.

The company has approximately 3,000 employees in the United States and sells its vehicles through an 800-strong dealer network. With increasing popularity for its brands in the U.S., the company has set the goal of reaching one million car sales in the country by 2018.

SOURCE Volkswagen Group of America, Inc.