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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
Public (AG)
Traded asFWB: VOW, Template:FWB link
DAX component (VOW3)
ISIN[https://isin.toolforge.org/?language=en&isin=DE0007664005 DE0007664005]
IndustryAutomotive
Founded28 May 1937; 88 years ago (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
Brands
Automotive:[4]
Commercial:
Design:
Bugatti
Production output
Decrease 8,283,000 (2021)[5]
ServicesBanking, financing, fleet management, insurance, leasing[6]
RevenueIncrease €250.200 billion (2021)[5]
Increase €20.126 billion (2021)[5]
Increase €15.428 billion (2021)[5]
Total assetsIncrease €528.609 billion (2021)[5]
Total equityIncrease €144.449 billion (2021)[5]
Owners
  • Porsche SE: 31.4% of equity, 53.3% of votes (as of 31 December 2021)[5]
  • State of Lower Saxony: 11.8% of equity, 20% of votes (as of 31 December 2021)[5]
  • QIA: 10.5% of equity, 17% of votes (as of 31 December 2021)[5]
Number of employees
Increase 667,647 employees (average during 2021)[5]
Subsidiaries
Transportation:[4]
Financial services:
Logistics:
Industrial:
International:
Websitevolkswagen-group.com

References

  1. ↑ Lua error in Module:Citation/CS1/Utilities at line 38: bad argument #1 to 'ipairs' (table expected, got nil).
  2. ↑ Lua error in Module:Citation/CS1/Utilities at line 38: bad argument #1 to 'ipairs' (table expected, got nil).
  3. ↑ Lua error in Module:Citation/CS1/Utilities at line 38: bad argument #1 to 'ipairs' (table expected, got nil).
  4. ↑ 4.0 4.1 Volkswagen AG 2012, pp. U60-U73.
  5. ↑ 5.0 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 Lua error in Module:Citation/CS1/Utilities at line 38: bad argument #1 to 'ipairs' (table expected, got nil).
  6. ↑ Volkswagen AG 2012, p. 110.
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