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VOLKSWAGEN SUPERVISORY BOARD PAYS TRIBUTE TO DR. CARL H. HAHN

 VOLKSWAGEN SUPERVISORY BOARD PAYS TRIBUTE TO DR. CARL H. HAHN
 WOLFSBURG, Germany, April 10 /PRNewswire/ -- With today's announcement that Dr. Ferdinand Piech will succeed Dr. Carl H. Hahn as chairman of the Volkswagen AG board of management, effective Jan. 1, 1993, the supervisory board took the opportunity to acknowledge Hahn's services to and achievements on behalf of the company.
 Hahn recommended Piech, having worked closely with him since the 1960s, to succeed him as a means of assuring the continuity of the policies.
 Dr. Klaus Liesen, chairman of the supervisory board, stated that Hahn's leadership over the past 10 years resulted in the internationalization of the Volkswagen Group and stimulated the group's activities in many ways of vital importance to its continued success.
 According to Liesen, the most important of these steps were the acquisition of a holding in what is now the company's Spanish subsidiary SEAT; the setting up of Autolatina in South America; the establishment of two joint-venture operations in the People's Republic of China; the rapid, determined development of activities in the new states of Federal Germany; the purchase of an interest in SKODA together with associated activities in the CSFR, and the cooperation with Ford in Portugal. Many of these projects clearly illustrate the policy initiated by Hahn of acting on opportunities resulting from political developments.
 As a result of these projects and of the introduction of a modern, brand-oriented management structure, the VW Group's position as an international manufacturer and supplier of automobiles has been strengthened and expanded along the intended lines, and this, said Liesen, can be attributed to the "strategic farsightedness and dynamic business approach" of Hahn.
 Volkswagen Group worldwide production rose from about 2.1 million units in 1982 to more than 3.3 million Volkswagen, Audi, SEAT and SKODA models in 1991. In the same period, the group's share of the world market increased more than 20 percent from 5.8 percent to 7.1 percent. In Europe, the Volkswagen Group has been the No. 1 automotive manufacturer since 1985.
 As Liesen also explained, the group's current investment program, which owes its character to Hahn's initiative, encompasses 51 billion DM for the automobile sector alone, and will enable the group to explore new paths in terms of capacity, products, and safety and environmental protection.
 -0- 4/10/92
 /CONTACT: Maria Leonhauser of Volkswagen of America, 313-340-5534/ CO: Volkswagen of America, Inc.; Volkswagen AG ST: Michigan IN: AUT SU: PER


ML -- DE029 -- 7357 04/10/92 16:12 EDT
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Publication:PR Newswire
Date:Apr 10, 1992
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