Volkswagen AG - Company Profile
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Business Description
Volkswagen AG (Volkswagen) develops vehicles and engines, and manufactures 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.
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R&D Overview
Volkswagen's R&D efforts focus on the electrification of its vehicle portfolio, digitalization, new technologies and modular toolkits and platforms. The company aims to develop mobility solutions, technological expertise, developing environmentally friendly products and services. In FY2022, its Automotive Division's R&D was EUR18,908 million, which as a percentage of the company's revenue stood at 8.1% and grew 21.3% YoY. During the year, the company filed 5,305 patent applications.
Business Segments
Overview
Includes Passenger Cars, Commercial Vehicles and Power Engineering business areas. Its Passenger Cars business line develops vehicles and engines, and manufactures and sells passenger cars, and genuine parts. Its product portfolio ranges from fuel-efficient compact cars to luxury vehicles, and motorcycles. Commercial Vehicles business line develops, manufactures and sells light commercial vehicles, trucks and buses. It also provides genuine parts and related services. Its Power Engineering business area offers large bore diesel engines, turbomachinery, special gear units, propulsion components and testing systems businesses. Major brands include Volkswagen, Bugatti, Audi, Lamborghini, Bentley, Porsche, Ducati, Skoda, SEAT, MAN and Scania. In FY2022, the segment's capital expenditure stood at EUR12,731 million, which grew 21.3% YoY.
Performance
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Overview
Provides dealer and customer financing, leasing, direct banking and insurance, and fleet management and mobility services for vehicles. Operates through Volkswagen Bank GmbH, VW Credit Inc, Volkswagen Leasing GmbH, Porsche Financial Services and financial service companies. In FY2022, the segment's capital expenditure stood at EUR217 million, which grew 36.5% YoY.
Performance
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Geographical Segments
Target Markets
China, India and Japan.
Performance
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Target Markets
Germany, the UK, Turkey, Italy, Czech Republic, Spain, France, Poland, Russia, and South Africa.
Performance
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Target Markets
Canada, the US and Mexico.
Performance
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Target Markets
Brazil and Argentina.
Performance
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