The Chairman of the Management Body of Volkswagen Commercial Vehicles, Bernd Wiedemann, presents Volkswagen Commercial Vehicles as an independent brand to the public at a press conference in July. Vehicles are produced above all in Europe and South America. The significance of the new brand: turnover of 10 billion marks per year on the world markets. The LT is discontinued after 20 years. This model was never pampered by prolonged boom phases – 471,221 vehicles were manufactured in Hanover until production was discontinued.