Volkswagen Group

Volkswagen Group

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Volkswagen Aktiengesellschaft, known internationally as the Volkswagen Group, is a German multinational automotive manufacturing company headquartered in Wolfsburg, Lower Saxony, Germany and indirectly majority owned by the Austrian Porsche-Piech family. 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 world's largest automaker by sales, overtaking Toyota and keeping this title in 2017, selling 10.7 million vehicles. It has maintained the largest market share in Europe for over two decades. It ranked sixth in the 2017 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, and Volkswagen Commercial Vehicles. It is divided into two primary divisions, the Automotive Division and the Financial Services Division, and as of 2008 had approximately 342 subsidiary companies. VW also has two major joint-ventures in China. The company has operations in approximately 150 countries and operates 100 production facilities across 27 countries.

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