Back Volkswagen AG ALS مجموعة فولكسفاغن Arabic Grupu Volkswagen AST Volkswagen AG Azerbaijani Volkswagen Group Byelorussian Фольксваген (канцэрн) BE-X-OLD Фолксваген Груп Bulgarian Volkswagen (embregerezh) Breton Volkswagen grupa BS Grup Volkswagen Catalan

Volkswagen Group

This article is about the German multinational automotive group. For the flagship marque of this company, see Volkswagen. For the joint venture with Rivian, see Rivian and Volkswagen Group Technologies.
Volkswagen AG
Company typePublic
FWB: VOW, FWB: VOW3
DAX component (VOW3)
ISINDE0007664005
IndustryManufacturing
Founded28 May 1937 (1937-05-28), in Berlin, Germany
FounderGerman Labour Front
Headquarters
Wolfsburg, Lower Saxony
,
Germany
Number of locations
100 production facilities across 27 countries
Area served
Worldwide
Key people
Hans Dieter Pötsch (chairman of the supervisory board)[1]
Oliver Blume (chairman of the board of management)[2][3]
ProductsAutomobiles, commercial vehicles, internal combustion engines, motorcycles, turbomachinery
Production output
Decrease 9,030,000 (2024)[4]
Brands
Automotive:[5]
Commercial:
Design:
ServicesBanking, financing, fleet management, insurance, leasing[6]
RevenueIncrease €324.656 billion (2024)[7]
Decrease €19.060 billion (2024)[7]
Decrease €12.394 billion (2024)[7]
Total assetsIncrease €632.905 billion (2024)[7]
Total equityIncrease €196.731 billion (2024)[7]
Owners
Number of employees
Increase 682,724 employees (average during 2024)[4]
Subsidiaries
Transportation:[5]
Financial services:
  • Lamborghini Financial Services
    Bentley Financial Services
    Volkswagen Financial Services AG
    Volkswagen Leasing GmbH
    Porsche Financial Services
    Volkswagen Immobilien
Logistics:
  • Volkswagen Group Fleet International
    Volkswagen Group Supply
    Volkswagen Air Service
Industrial:
  • Volkswagen Industrial Motor
International:
Websitevolkswagen-group.com

Volkswagen AG (German: [ˈfɔlksˌvaːɡn̩] ⓘ), known internationally as the Volkswagen Group, is a German public multinational conglomerate manufacturer of passenger and commercial vehicles, motorcycles, engines and turbomachinery. Headquartered in Wolfsburg, Lower Saxony, Germany, and since the late 2000s is a publicly traded family business owned by Porsche SE, which in turn is half-owned but fully controlled by the Austrian-German Porsche and Piëch family.[9][10] The company also offers related services, including financing, leasing, and fleet management. In 2024, it was the world's second-largest automaker by sales. It has maintained the largest market share in Europe for over two decades.[11] It ranked 11th in the 2024 Fortune Global 500 list of the world's largest companies.[12] In 2024, Volkswagen Group was the largest company in the European Union and the largest car manufacturer in the world by revenue.[13]

The Volkswagen Group sells passenger cars under the Audi, Bentley, Cupra, Jetta, Lamborghini, Porsche, SEAT, Škoda and Volkswagen brands, motorcycles under the Ducati name, light commercial vehicles under the Volkswagen Commercial Vehicles brand, and heavy commercial vehicles via the marques of the listed subsidiary Traton (International Motors, MAN, Scania and Volkswagen Truck & Bus).[14] Software and techstack under CARIAD. It is divided into two primary divisions: the Automotive Division and the Financial Services Division. As of 2008, it had about 342 subsidiary companies.[15] Volkswagen also has three joint ventures in China, FAW-Volkswagen, SAIC Volkswagen and Volkswagen Anhui. The company has operations in roughly 150 countries, and it has 100 production facilities across 27 countries.

Volkswagen was founded in Berlin in 1937 and incorporated in Wolfsburg to manufacture the car that would become known as the Beetle. The company's production grew rapidly in the 1950s and 1960s. In 1965, it acquired Auto Union, which subsequently produced the first postwar Audi models. Volkswagen launched a new generation of front-wheel drive vehicles in the 1970s, including the Passat, Polo and Golf; the latter became its bestseller. Volkswagen acquired a controlling stake in SEAT in 1986, making it the first non-German marque of the company, and acquired control of Škoda in 1994, of Bentley, Lamborghini, and Bugatti in 1998, Scania in 2008 and of Ducati, MAN, and Porsche in 2012. The company's operations in China have grown rapidly in the 2010s, with the country becoming its largest market, though sales have declined significantly in the 2020s.[16]

In 2015, Volkswagen was discovered to have used defeat devices to deceive environmental regulators about how much NOx its cars were emitting. The company was fined billions of dollars.

Volkswagen Aktiengesellschaft is a public company and has a primary listing on the Frankfurt Stock Exchange, where it is a constituent of the Euro Stoxx 50 stock market index, and secondary listings on the Luxembourg Stock Exchange and SIX Swiss Exchange. It has been traded in the United States via American depositary receipts since 1988, currently on the OTC Marketplace. Volkswagen delisted from the London Stock Exchange in 2013.[17][18] The government of Lower Saxony holds 12.7% of the company's shares, granting it, by law, 20% of the voting rights.[19]

  1. ^ "Extensive revision of Volkswagen Group management structure decided". Volkswagen Media Services. Archived from the original on 13 April 2018. Retrieved 12 April 2018.
  2. ^ "Oliver Blume follows Herbert Diess as Chairman of the Board of Management of the Volkswagen Group". Volkswagen News. 22 July 2022. Archived from the original on 1 September 2022. Retrieved 1 September 2022.
  3. ^ ""Team spirit, fairness and passion are key"". Volkswagen News. 1 September 2022. Archived from the original on 15 October 2022. Retrieved 1 September 2022.
  4. ^ a b "Volkswagen Group with 9 million deliveries after strong fourth quarter". Volkswagen Group. 14 January 2025. Retrieved 24 February 2025.
  5. ^ a b Volkswagen AG 2012, pp. U60–U73.
  6. ^ Volkswagen AG 2012, p. 110.
  7. ^ a b c d e "Consolidated Financial Statements of Volkswagen AG as of December 31, 2024" (PDF). Volkswagen AG. Retrieved 29 March 2025.
  8. ^ a b c "Shareholder structure". Volkswagen Group Annual Report 2024. Retrieved 21 March 2025.
  9. ^ "About Us". Volkswagen Group. Retrieved 20 January 2025.
  10. ^ "History". Volkswagen Group. 17 December 1999. Retrieved 20 January 2025.
  11. ^ "New Passenger Car Registrations By Manufacturer European Union (EU)". ACEA. 16 January 2013. Archived from the original (XLS) on 3 February 2013. Retrieved 15 March 2013.
  12. ^ "Global 500 2023".
  13. ^ "Fortune Global 500".
  14. ^ "Brands & Brand Groups". Volkswagen Group. Retrieved 20 January 2025.
  15. ^ Volkswagen AG 2009.
  16. ^ Waldersee, Victoria (22 April 2025). "VW Group pitches comeback in China with new models, in-house assisted driving". Reuters. Retrieved 18 May 2025.
  17. ^ "Volkswagen AG Factsheet". Volkswagen AG. 14 February 2017. Archived from the original on 15 February 2017. Retrieved 14 February 2017.
  18. ^ "Volkswagen AG Investor Relations FAQ". Volkswagen AG. 14 February 2017. Archived from the original on 15 February 2017. Retrieved 14 February 2017.
  19. ^ "Volkswagen Aktiengesellschaft Interim Report January – September 2011" (PDF). Volkswagen AG. 27 October 2011. p. 39. Archived from the original (PDF) on 7 May 2012. Retrieved 5 November 2011.

Rich TVX News Network Site

Rich TVX News Network Info

© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search