Volkswagen
November 21st, 2008 | by |Volkswagen Group, or Volkswagen Aktiengesellschaft (German), (listed as Volkswagen AG) is a German automobile manufacturing group, currently the third largest automobile maker in the world, and the largest in Europe.
Although it operates worldwide, Volkswagen Group’s core market is continental Europe. Of its car brands, Volkswagen Passenger Cars is its mainstream marque, and the Group’s major subsidiaries also include well-known car marques like Audi, SEAT, ?koda, Lamborghini, Bentley, and Bugatti. The Group also has operations in commercial vehicles, owning Volkswagen Commercial Vehicles, along with a controlling stake in Scania AB and a 29.9% stake in MAN AG.
Volkswagen’s second-largest market is China where its subsidiary, Volkswagen Group China is by far the second largest joint venture automaker.
The Volkswagen Golf is the third bestselling car in the world, selling over 25 million cars through 2006. In 2007 the Volkswagen Group sold 6.19 million automobiles, claiming over 10% of the world passenger car market. In late 2007, the company openly reported that they plan to double sales, overtake Toyota and become the world’s largest automaker by 2018.
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| Type | Public company (FWB: VOW, TYO: 7659), subsidiary of Porsche Holding SE |
|---|---|
| Founded | Germany, (1937) |
| Headquarters | Wolfsburg, Germany |
| Area served | Worldwide |
| Key people | Ferdinand Pi?ch (Chairman of the Supervisory Board) Prof. Dr. Martin Winterkorn (Chairman of the Board of Management) |
| Industry | Automotive industry |
| Products | Cars and trucks |
| Services | Financial services |
| Revenue | ? ?108.9 Billion (2007) |
| Operating income | ? ?6.54 Billion (2007) |
| Profit | ? ?4.12 Billion (2007) |
| Employees | 329,305 (2007) |
| Divisions | Volkswagen Group Fleet International, Volkswagen Group Supply, Volkswagen Leasing GmbH, Volkswagen Group United Kingdom Ltd., Volkswagen?Group?of?America,?Inc., Volkswagen Group China, Volkswagen do Brasil, Volkswagen Group Italia S.p.A., Volkswagen Group Australia |
| Subsidiaries | vehicle brand companies: Audi AG, Bentley Motors Ltd., Bugatti Automobiles S.A.S., Lamborghini S.p.A., SEAT, S.A., ?koda Auto, Volkswagen Passenger Cars, Volkswagen?Commercial?Vehicles, MAN AG, Scania AB marine: Volkswagen Marine |
| Website | VolkswagenAG.com |
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