Volkswagen AG
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in mil. unless spec.Company Description
- CEO
- Oliver Blume
- Full Time Employees
- 662,942
- Sector
- Consumer Cyclical
- Industry
- Auto - Manufacturers
- Address
- Berliner Ring 2 Wolfsburg NI Germany 38440
- IPO Date
- Jan 2, 2003
- Website
- volkswagen-group.com
- Similar Companies
- Business
- Volkswagen AG Volkswagen AG is a leading global automobile manufacturer and the largest carmaker in Europe. Founded in 1937 and headquartered in Wolfsburg, Germany, the company with its subsidiaries produces a broad portfolio of passenger cars, light commercial vehicles, trucks, buses, motorcycles, and power engineering products; key brands include Volkswagen Passenger Cars, Volkswagen Commercial Vehicles, Audi, Bentley, Lamborghini, Porsche, SEAT/CUPRA, Škoda, Ducati, Scania, and MAN Truck & Bus; offerings encompass compact cars to luxury vehicles, genuine parts, mobility solutions, and financial services such as dealer and customer financing, leasing, banking, insurance, and fleet management. The group operates 114 production plants in 153 countries, with a strong presence in Europe, China, North America, and emerging markets in Asia and the Middle East, serving individual consumers, fleet operators, and corporate clients across volume, premium, and commercial vehicle segments. In recent developments, Volkswagen AG established a joint venture with Rivian Automotive in November 2024, named Rivian and Volkswagen Group Technologies, focusing on next-generation electrical architecture and software for electric vehicles across all segments, with Volkswagen investing up to $5.8 billion by 2027 including an initial $1 billion convertible note and 50% equity stake; the company expanded its China operations through the "in China for China" initiative, enabling full vehicle platform development in Hefei with 50% lower EV production costs, new batch testing centers, and exports of China-developed petrol sedans and EVs to the Middle East, Southeast Asia, and Central Asia; additionally, Volkswagen strengthened its long-term partnership with SAIC Motor, acquired shares in Horizon Robotics for autonomous driving technology, and committed up to 1 billion euros in AI investments by 2030 for vehicle design, industrial applications, and IT infrastructure.
Company News
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Volkswagen to recall over 208,700 US vehicles over steering rack bolt defect, NHTSA says
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IG Metall demands Volkswagen commitment to 2024 wage agreement
Focus: Premier of Germany's Lower Saxony walks high wire between VW cuts and AfD