*** Welcome to piglix ***

Volkswagen

Volkswagen
Public
Industry Automotive
Founded January 4, 1937; 80 years ago (1937-01-04)
Founder German Labour Front (DAF)
Headquarters Wolfsburg, Germany
Area served
Worldwide
Key people
Herbert Diess (CEO)
Products Automobile
Production output
Increase 10.17M units (2015)
Revenue DecreaseUS$244.985B (2014)
Profit IncreaseUS$13.393B
Total assets DecreaseUS$424.982B (2014)
Number of employees
610,000 (2016)
Parent Volkswagen Group
Subsidiaries Volkswagen Commercial Vehicles
Website vw.com

Volkswagen (German pronunciation: [ˈfɔlksˌvaːɡŋ̍] - About this sound listen ), shortened to VW, is a German automaker founded on 4 January 1937 by the German Labour Front and headquartered in Wolfsburg. It is the flagship marque of the Volkswagen Group and is the largest automaker worldwide.

Volkswagen means "people's automobile" in English, and the company's current international advertising slogan is just "Volkswagen".American English pronunciation is approximately "volks wagon" (About this sound listen ).

Volkswagen was originally established in 1937 by the German Labour Front (Deutsche Arbeitsfront). In the early 1930s, the German auto industry was still largely composed of luxury models, and the average German could rarely afford anything more than a motorcycle. As a result, only one German out of 50 owned a car. Seeking a potential new market, some car makers began independent "people's car" projects – the Mercedes 170H, Adler AutoBahn, Steyr 55, and Hanomag 1.3L, among others.


...
Wikipedia

...