Volkswagen AG - Company Profile
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Volkswagen AG (Volkswagen), a subsidiary of Porsche Automobil Holding SE, is an automobile manufacturer. The company develops vehicles and engines, and produces and sells passenger cars, trucks, buses and motorcycles, light commercial vehicles, genuine parts, turbomachinery, large-bore diesel engines, propulsion components, special gear units and testing systems. It also provides leasing, banking and insurance, dealer and customer financing, and fleet management and mobility services. Volkswagen markets products under brands such as Volkswagen, Porsche, Bugatti, Lamborghini, Bentley, Audi, Ducati, Scania and Cupra. It has operations in Europe, North America, South America, Asia Pacific and other regions. The company has production facilities across the world. Volkswagen is headquartered in Wolfsburg, Niedersachsen, Germany.
Volkswagen AG premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Passenger Cars | Dealer and Customer Financing | Volkswagen |
Luxury Sedans | Banking and Insurance Activities | Porsche |
Sport Utility Vehicles | Leasing | SEAT |
XYZ | XYZ | XYZ |
XYZ | XYZ | XYZ |
XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Plans/Strategy | In June, Volkswagen Passenger Cars India announced its plans to rebrand its Das WeltAuto used car business as Volkswagen Certified Pre-Owned. |
2024 | Plans/Strategy | In May, the company announced its plans to introduce an entry-level, affordable electric vehicle (EVs) for the European market by 2027. |
2024 | Others | In May, the company and Renault terminated their plans to create an affordable electric version of the Twingo car. |
Competitor Comparison
Key Parameters | Volkswagen AG | Toyota Motor Corp | General Motors Co | Bayerische Motoren Werke AG | Mercedes-Benz Group AG |
---|---|---|---|---|---|
Headquarters | Germany | Japan | United States of America | Germany | Germany |
City | Wolfsburg | Toyota-Shi | Detroit | Muenchen | Stuttgart |
State/Province | Niedersachsen | Aichi | Michigan | Bayern | Baden-Wurttemberg |
No. of Employees | 684,189 | 375,235 | 163,000 | 154,950 | 166,056 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Oliver Blume | Chief Executive Officer - Porsche; Chief Executive Officer; Director | Executive Board | 2022 | 56 |
Arno Antlitz | Chief Financial Officer; Chief Operating Officer; Head - Finance and Operations | Senior Management | 2022 | 54 |
Susanne Franz | Chief Marketing Officer | Senior Management | 2024 | - |
Dirk Voeste | Chief Sustainability Officer | Senior Management | 2023 | - |
Hans Dieter Potsch | Chairman | Non Executive Board | 2015 | 73 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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