Volkswagen Group

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.

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

Volkswagen AG
Company typePublic (AG)
FWB: VOW, Template:FWB link
DAX component (VOW3)
ISINDE0007664005
IndustryAutomotive
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 8,283,000 (2021)[4]
Brands
Automotive:[5]
Commercial:
  • IC Bus
    International
    MAN Truck & Bus
    Scania
    VW Commercial Vehicles
    VW Truck & Bus
Design:
  • Italdesign Giugiaro
Bugatti
ServicesBanking, financing, fleet management, insurance, leasing[6]
RevenueIncrease €250.200 billion (2021)[4]
Increase €20.126 billion (2021)[4]
Increase €15.428 billion (2021)[4]
Total assetsIncrease €528.609 billion (2021)[4]
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]
Number of employees
Increase 667,647 employees (average during 2021)[4]
Subsidiaries
Transportation:[5]
  • Traton (89.7%)
    Porsche Holding
    Volkswagen Marine
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:
  • Volkswagen Group China
    Volkswagen Group India
    Volkswagen Group of America
    Volkswagen Argentina
    Volkswagen Australia
    Volkswagen Group Canada
    Volkswagen Group Malaysia
    Volkswagen de México
    Volkswagen do Brasil
    Volkswagen Group Ireland
    Volkswagen Group Italia
    Volkswagen of South Africa
    Volkswagen Group Taiwan
    Volkswagen Group United Kingdom Audi
Websitevolkswagen-group.com

References
  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. "Full Speed Ahead To The Future. 2021 Annual Report" (PDF). Volkswagen Group. 15 March 2022. Retrieved 15 March 2022.
  5. Volkswagen AG 2012, pp. U60–U73.
  6. Volkswagen AG 2012, p. 110.
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