Volkswagen Group of America Invests $125 Million for New Dealer Storefronts in New York City

Volkswagen Group of America Invests $125 Million for New Dealer Storefronts in
New York City

~~ Flagship Audi and Volkswagen dealerships reinforce commitment to U.S.
market ~~

HERNDON, Va., Nov. 12 /PRNewswire/ -- Volkswagen Group of America, Inc.
announced today that it is investing in flagship Audi and Volkswagen
dealerships in New York City, as part of its strategic plan to grow business
in the U.S. market. The $125 million deal is for the 265,000 square-foot
building formerly housing Potamkin General Motors. The building is
strategically sited in the highest traffic area of 11th Ave., making it a
convenient location for Volkswagen and Audi customers.

(Photo: http://www.newscom.com/cgi-bin/prnh/20091112/DC10242)

"As Volkswagen and Audi move forward on our aggressive plan to increase sales
in the U.S., there is no better place to demonstrate our commitment than in
Manhattan -- a town synonymous for bold actions and big thinking," Stefan
Jacoby, president and CEO, Volkswagen Group of America. "New York has always
been a leading market for the Volkswagen and Audi brands, and these new store
fronts will serve to strengthen our business even more. We are proud to be
investing in the New York economy, excited to showcase our brands and look
forward to seeing more Volkswagens and Audis on the streets of New York."

The new dealerships will showcase Volkswagen and Audi's new showroom concepts,
known respectively as "white frame" and "terminal." The dealerships will be
part of one of the largest and most prestigious dealers in the area, the Open
Road Auto Group. The Group will target to begin selling vehicles in early
2010. Full renovations for the Volkswagen dealership are expected to be
complete in the spring. The Audi transition will take place at the end of
2011.

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 2,500 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.

For more information, please visit www.volkswagengroupamerica.com.

SOURCE Volkswagen Group of America

Jill Bratina of Volkswagen Group of America, +1-703-364-7250, or
+1-202-957-0715, jill.bratina@vw.com