Orders received by the Volkswagen Group
ORDERS RECEIVED IN THE PASSENGER CARS SEGMENT IN WESTERN EUROPE
Due to the positive development of the Western European markets, demand for passenger cars increased in fiscal year 2016 compared with the previous year. Incoming orders in the reporting period were 1.4% higher than in 2015. While orders received in Germany were down slightly (−1.7%), other key markets in this region contributed to this increase.
ORDERS RECEIVED FOR COMMERCIAL VEHICLES
Demand for the Volkswagen Group’s light commercial vehicles in the Western European markets rose year-on-year in 2016. At 338,858 units, orders received were up 16.5% compared with the previous year.
New orders for mid-sized and heavy trucks and buses witnessed a positive trend overall in 2016, with orders received for 190,573 vehicles (+3.2%). In Western Europe, our main sales market, positive economic stimulus gave a boost to incoming orders. In South America, however, the deterioration in the economic situation had a negative impact on the order intake.
ORDERS RECEIVED IN THE POWER ENGINEERING SEGMENT
The long-term performance of the Power Engineering business is determined by the macroeconomic environment. Individual major orders lead to fluctuations in incoming orders during the year that do not correlate with these long-term trends.
Orders received in the Power Engineering segment in 2016 amounted to €3.3 (3.4) billion. Engines & Marine Systems and Turbomachinery generated the most new orders, together accounting for almost three-quarters of the order volume. For example, a Turkish energy company ordered twelve engines with a combined output of 227 MW for its floating power plants, which provide a flexible solution to energy bottlenecks. A German energy provider awarded a contract for the construction of a gas engine power plant with cogeneration. The plant will be powered by three MAN gas engines. As well as electricity, it will also generate up to 30 MW for district heating.