adheres to applicable legislation
Reaction to report by regional newspaper Stuttgarter Nachrichten
Stuttgart, 19 September 2008. On September 16, , Stuttgart, increased its stake in Volkswagen AG to acquire 35.14 percent of the voting rights. As soon as integrates the Wolfsburger automobile manufacturer fully into its financial statements, a revaluation of VW assets will be required. Volkswagen is placing at 's disposal the data necessary for this. This procedure is in accordance with international accounting rules and is of course accompanied by auditing companies. is adhering to the applicable legislation and will take only those steps that are necessary in order to draw up a financial statement.
Any press reports to the contrary are totally without foundation, and create an impression that wishes to gain unlawful access to internal Volkswagen documents. utterly rejects this implication and wishes to emphasize that, when drawing up consolidated financial statements of , its aim in future, too, will be sustained cooperation based on trust.
GO