Volkswagen AG
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in mil. unless spec.Company Description
- CEO
- Oliver Ingo Blume
- Full Time Employees
- 662,942
- Sector
- Consumer durables
- Industry
- Motor vehicles
- Address
- Berliner Ring 2 Wolfsburg NI Germany 38440
- IPO Date
- Aug 15, 1961
- Website
- volkswagen-group.com
- Similar Companies
- Business
- Volkswagen AG designs, produces, and distributes vehicles across key global markets including Europe, North America, South America, and the Asia-Pacific. The company strategically manages its operations through distinct divisions: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment is dedicated to developing vehicles, powertrains, and integrated software solutions, alongside manufacturing and selling passenger automobiles and their associated components. This segment encompasses a broad portfolio of brands such as Volkswagen Passenger Cars, Audi, ŠKODA, SEAT, CUPRA, Bentley, Lamborghini, Porsche, and Ducati motorcycles, with a significant strategic emphasis on accelerating electric vehicle offerings and advancing software-defined mobility. The Commercial Vehicles segment focuses on the development, production, and sale of trucks and buses, along with providing parts and related services, operating primarily through its Traton Group brands, which include MAN, Scania, and Volkswagen Commercial Vehicles. The Power Engineering segment, featuring its subsidiary Everllence (formerly MAN Energy Solutions), delivers large-bore diesel engines, turbomachinery, and specialized propulsion systems. The Financial Services segment provides comprehensive dealer and customer financing, leasing programs, direct banking and insurance products, fleet management, and a growing suite of mobility services, aiming to offer a broad platform for diverse transportation needs. Founded in 1937 and headquartered in Wolfsburg, Germany, Volkswagen AG is a multi-brand automotive group, with Porsche Automobil Holding SE holding the majority of its voting rights as its largest shareholder.
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