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Volkswagen Group of America's Stefan Jacoby Talks Innovation and Responsibility at NVTC's Titans Series Event

Jacoby Notes that Northern Virginia's Entrepreneurial Culture Attracted Volkswagen to the Region

HERNDON, Va, December 14, 2009 - Stefan Jacoby, President and CEO of the Volkswagen Group of America, spoke Friday to a group of 440 business and technology leaders at The Ritz-Carlton in Tysons Corner as part of the Northern Virginia Technology Council's (NVTC) 2009-2010 Titans series. In his speech, titled "Driving the Future through Innovation and Responsibility," Jacoby outlined the Volkswagen Group's long-term growth strategy in the U.S. and the important role sustainability will play in the automotive industry's future.

As the largest technology council in the nation, NVTC invites technology and business leaders to address its members through its signature Titans series, covering a wide range of current business and technology topics. Jacoby joins a distinguished list of past presenters that includes Forbes Media's Steve Forbes, Microsoft's Bill Gates, Dell's Michael Dell, and the Consumer Electronics Associations' Gary Shapiro.

In discussing Volkswagen's move to Northern Virginia, Jacoby praised NVTC for being "instrumental in making Virginia the premier place to do business in the U.S." He explained that the atmosphere within the Volkswagen Group of America reflects the core values of this area - innovation, creativity and collaboration - and that the company plans to grow its U.S. business more than three-fold in the next ten years. "From our Herndon headquarters, we see a clear way forward," said Jacoby. When answering audience questions after his remarks, Jacoby addressed Volkswagen's desire to work with local suppliers as the company expands its U.S. brand.

While applauding the reliability of the combustion engine, Jacoby discussed the company's long-term focus on second-generation biofuels, electric cars, hydrogen fuel cell vehicles and nanotechnology. He also described clean diesel, optimized gasoline engines, and advanced computer systems that will improve miles per gallon and emissions. According to Jacoby, "these technologies will eliminate the fuel-wasting gridlock that is regrettably all too familiar to the Northern Virginia commuter." Jacoby continued by stating that these types of innovations will put "cars on the road that get 50, 60 or 70 miles per gallon," within the next ten years. Jacoby also discussed the need for better infrastructure nationwide if plug-in vehicles are ever going to reach higher levels of popularity in the United States.

In closing his remarks, Jacoby described the Volkswagen group as leading the way to sustainable mobility, energy security and reduced emissions. "We are at the epicenter of a tectonic shift to a clean energy economy," concluded Jacoby. "The progress we're making today will lead us to tomorrow's breakthroughs."