KidzSearch Wiki

Volkswagen Group

This page is about the main company. For the flagship marque of this company, see Volkswagen.

Volkswagen (German pronunciation: [ˈfɔlksˌvaːɡn̩] (listen)),[Note 1] abbreviated as VW ([faʊˈveː] (listen)), is a German motor vehicle manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Founded in 1937 by the German Labour Front under the Nazi Party and revived into a global brand post-World War II by the British Army Officer Ivan Hirst, it is known for the iconic Beetle and serves as the flagship brand of the Volkswagen Group, the largest automotive manufacturer by worldwide sales in 2016 and 2017.[2] The group's biggest market is in China, which delivers 40 percent of its sales and profits.[3][4] Its name is derived from the German-language terms Volk and Wagen, translating to "people's car" when combined.

Volkswagen AG
Company typePublic (AG)
FWB: VOW, Template:FWB link
DAX component (VOW3)
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 8,283,000 (2021)[4]
Brands
Automotive:[5]
Commercial:
Design:
Bugatti
ServicesBanking, financing, fleet management, insurance, leasing[6]
Total equityIncrease €144.449 billion (2021)[4]
Owners
  • Porsche SE: 31.4% of equity, 53.3% of votes (as of 31 December 2021)[4]
  • State of Lower Saxony: 11.8% of equity, 20% of votes (as of 31 December 2021)[4]
  • QIA: 10.5% of equity, 17% of votes (as of 31 December 2021)[4]
Subsidiaries
Transportation:[5]
Financial services:
Logistics:
Industrial:
International:
Websitevolkswagen-group.com

References

  1. ↑ Extensive revision of Volkswagen Group management structure decided (in en-GB). Volkswagen Media Services. Retrieved 12 April 2018.
  2. ↑ Oliver Blume follows Herbert Diess as Chairman of the Board of Management of the Volkswagen Group (in en). Volkswagen News (22 July 2022). Retrieved 1 September 2022.
  3. ↑ "Team spirit, fairness and passion are key" (in en). Volkswagen News (1 September 2022). Retrieved 1 September 2022.
  4. ↑ 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 Full Speed Ahead To The Future. 2021 Annual Report (15 March 2022)Volkswagen Group. Retrieved 15 March 2022.
  5. ↑ 5.0 5.1 Volkswagen AG 2012, pp. U60-U73.
  6. ↑ Volkswagen AG 2012, p. 110.
Retrieved from "https://wiki.kidzsearch.com/w/index.php?title=Volkswagen_Group&oldid=5842467"