Annual Report 2003
The report highlights the company’s passion for creating values that last for generations, with a focus on quality and trust.
Financial Performance
Sales revenue remained at the previous year’s level, despite negative exchange rate movements. However, earnings were affected by unfavourable underlying conditions and special items.
Business Development
The company’s efforts are targeted at enhancing the value of the company for shareholders, with a focus on innovation, design, and technology.
New models, such as the Golf V, have been introduced, and the company remains a leader in many markets.
Manual:
Download: Volkswagen Annual Report 2003
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