Volkswagen

Volkswagen AG, commonly known as Volkswagen Group, is a German multinational conglomerate automotive manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Founded in Berlin in 1937 and incorporated in Wolfsburg to manufacture the car that would become known as the Beetle, Volkswagen Group is one of the world's leading automobile manufactu... rers and the largest carmaker in Europe. In 2024, Volkswagen Group was the world's second-largest automaker by sales, the largest company in the European Union, and the largest car manufacturer in the world by revenue, ranking 11th on the Fortune Global 500 list of the world's largest companies. The company has maintained the largest market share in Europe for over two decades. Since the late 2000s, Volkswagen has been a publicly traded family business owned by Porsche SE, which in turn is half-owned but fully controlled by the Austrian-German Porsche and Piëch family. The Volkswagen Group comprises ten brands from five European countries: Volkswagen Passenger Cars, Volkswagen Commercial Vehicles, Škoda, SEAT, CUPRA, Audi, Lamborghini, Bentley, Porsche, and Ducati. The company also owns controlling stakes in heavy commercial vehicle manufacturers through its listed subsidiary Traton, which includes International Motors, MAN, Scania, and Volkswagen Truck and Bus. The Group is divided into two primary divisions: the Automotive Division and the Financial Services Division, with Volkswagen Financial Services offering dealer and customer financing, leasing, banking, insurance activities, and fleet management. Volkswagen Group operates globally with 112 production facilities across 17 European countries and 10 countries in North and South America, Asia, and Africa, with operations in approximately 150 countriesRead More