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Volkswagen AG

Volkswagen AG
Public (AG)
Traded as VOW, VOW3
OTCQX: , OTCQX
Industry Automotive
Founded Berlin, Germany
(May 28, 1937; 79 years ago (1937-05-28))
Headquarters Wolfsburg, Germany
Number of locations
100 production facilities across 27 countries.
Area served
Worldwide
Key people
Hans Dieter Pötsch (Chairman of the Supervisory Board)
Matthias Müller (Chairman of the Board of Management)
Products Automobiles, commercial vehicles, engines, motorcycles, turbomachinery
Production output
Decrease 10.02  million (2015)
Services Banking, financing, fleet management, insurance, leasing
Revenue Increase213.292 billion (2015)
Decrease €-4.069 billion (2015)
Profit Decrease €-1.582 billion (2015)
Total assets Increase €381.935 billion (2015)
Total equity Decrease €88.270 billion (2015)
Owner Porsche Automobil Holding SE (52.2%)
State of Lower Saxony (20.0%)
Qatar Investment Authority (17.0%)
Number of employees
610,076 (2015)
Divisions
  • Automotive Division
  • Financial Services Division
Subsidiaries
Website volkswagenag.com
Top 3 Automakers Global, 2012
Group Units
Toyota 10,104,424
G.M. 9,285,425
Volkswagen 9,254,742
Top 3 automakers 2012 by global volume, based on OICA data.
Top 3 Automakers EU27, 2013
Group Units share
Volkswagen 2,957,653 25.0
PSA 1,311,406 11.1
RENAULT 1,076,367 10.4
Top 3 automakers 2013 by EU27 new passenger car volume, based on ACEA data

Volkswagen Group (pronounced [ˈfɔlksˌvaːgən gʁuːp]), or Volkswagen Aktiengesellschaft (pronounced [ˈfɔlksˌvaːgən ˈʔakt͡si̯əngəˌzɛlʃaft]), shortly VW AG, is a German multinational automotive manufacturing company headquartered in Wolfsburg, Lower Saxony, Germany. It designs, manufactures and distributes passenger and commercial vehicles, motorcycles, engines, and turbomachinery and offers related services including financing, leasing and fleet management. In 2016, it was the largest automaker in the world with sales 10.3 million units. It has maintained the largest market share in Europe for over two decades. It ranked seventh in the 2016 Fortune Global 500 list of the world's largest companies.

Volkswagen Group sells passenger cars under the Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, Škoda and Volkswagen marques; motorcycles under the Ducati brand; and commercial vehicles under the marques MAN, Scania, Neoplan and Volkswagen Commercial Vehicles. It is divided into two primary divisions, the Automotive Division and the Financial Services Division, and has approximately 340 subsidiary companies. VW also has two major joint-ventures in China (FAW-Volkswagen and SAIC Volkswagen). The company has operations in approximately 150 countries and operates 100 production facilities across 27 countries.


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