Volkswagen Group

Volkswagen AG

Headquarters in Wolfsburg, Germany
Company type	Public (AG)
Traded as	FWB: VOW, VOW3 DAX component (VOW3)
ISIN	DE0007664005
Industry	Automotive
Founded	28 May 1937; 87 years ago (1937-05-28), in Berlin, Germany
Founder	German 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]
Products	Automobiles, commercial vehicles, internal combustion engines, motorcycles, turbomachinery
Production output	8,283,000 (2021)[4]
Brands	Automotive:[5] Audi Bentley Cupra Ducati Jetta Lamborghini Porsche Scout SEAT Škoda Volkswagen Cars Commercial: IC Bus International MAN Truck & Bus Scania VW Commercial Vehicles VW Truck & Bus Design: Italdesign Giugiaro Bugatti
Services	Banking, financing, fleet management, insurance, leasing[6]
Revenue	€250.200 billion (2021)[4]
Operating income	€20.126 billion (2021)[4]
Net income	€15.428 billion (2021)[4]
Total assets	€528.609 billion (2021)[4]
Total equity	€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	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
Website	volkswagen-group.com

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.

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. ↑ ^{4.00 4.01 4.02 4.03 4.04 4.05 4.06 4.07 4.08 4.09} "Full Speed Ahead To The Future. 2021 Annual Report" (PDF). Volkswagen Group. 15 March 2022. Retrieved 15 March 2022.
5. ↑ ^{5.0 5.1} Volkswagen AG 2012, pp. U60–U73. sfn error: no target: CITEREFVolkswagen_AG2012 (help)
6. ↑ Volkswagen AG 2012, p. 110. sfn error: no target: CITEREFVolkswagen_AG2012 (help)