Maiwald assumes further responsibilities in Volkswagen Group Sales

Wolfsburg, 15 May 2006 - Peter Maiwald, Head of Sales Optimization, Volkswagen Group, is taking on further responsibilities. The 45-year old becomes Managing Director of Volkswagen Retail GmbH effective May 15, 2006.

Maiwald moved to Group Sales from the Volkswagen Passenger Car brand sales department on April 1. He will optimize sales structures, particularly in Germany, in close cooperation with the sales executives of the individual brands and with Financial Services AG. As Managing Director of Volkswagen Retail GmbH, he will in future be responsible for the Group’s retail shareholdings in Germany.