2007 Los Angeles Auto Show: Volkswagen Statement Regarding Additional North American Production Capacity

LOS ANGELES, Nov. 14, 2007 -- Volkswagen of America, Inc. announced during the Los Angeles Auto Show media days they will provide more detail on possible additional North American production capacity within the next six months.

"We are currently investigating the feasibility of additional North American production capacity," said Stefan Jacoby, CEO, Volkswagen of America. "There are a number of factors that we need to consider in this decision and we will make an announcement in the next six months on whether or not we will proceed with this initiative."

Founded in 1955, Volkswagen of America, Inc. is headquartered in Auburn Hills, Michigan. 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 Rabbit, New Beetle, New Beetle convertible, GTI, Jetta, GLI, Passat, Passat wagon, Eos, and Touareg through approximately 600 independent U.S. dealers. Visit Volkswagen of America online at vw.com.