Volkswagen Group: German automotive manufacturing conglomerate
Volkswagen (German pronunciation: (listen)), abbreviated as VW ( (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.
Wiki Simple English | |
Wiki Simple English Headquarters in Wolfsburg, Germany | |
| Company type | Public (AG) |
|---|---|
| FWB: VOW, Template:FWB link DAX component (VOW3) | |
| ISIN | DE0007664005 |
| Industry | Automotive |
| Founded | 28 May 1937, in Berlin, Germany |
| Founder | German Labour Front |
| Headquarters | , Germany |
Number of locations | 100 production facilities across 27 countries |
Area served | Worldwide |
Key people | Hans Dieter Pötsch (Chairman of the Supervisory Board) Oliver Blume (Chairman of the Board of Management) |
| Products | Automobiles, commercial vehicles, internal combustion engines, motorcycles, turbomachinery |
Production output |  8,283,000 (2021) |
| Brands | Automotive:
Commercial:
Design:
|
| Services | Banking, financing, fleet management, insurance, leasing |
| Revenue |  €250.200 billion (2021) |
| €20.126 billion (2021) | |
| €15.428 billion (2021) | |
| Total assets | €528.609 billion (2021) |
| Total equity | €144.449 billion (2021) |
| Owners |
|
Number of employees | 667,647 employees (average during 2021) |
| Subsidiaries | Transportation:
Financial services:
Logistics:
Industrial:
International:
|
| Website | volkswagen-group |
References
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