Volkswagen AG (German) known internationally as Volkswagen Group, is a German multinational automotive manufacturing company headquartered in Wolfsburg, Lower Saxony, Germany.
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. It has maintained the largest market share in Europe for over two decades.
According to the Organisation Internationale des Constructeurs d’Automobiles, in 2016 the Volkswagen Group was the second biggest automaker in the world by production volume, behind Toyota.
It ranked seventh in the 2016 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 has approximately 340 subsidiary companies. Volkswagen also has two major joint-ventures in China (FAW-Volkswagen and SAIC Volkswagen).
The company has operations in approximately 150 countries and operates 100 production facilities across 27 countries.
Volkswagen was founded in 1937 to manufacture the car which would become known as the Beetle. The company’s production grew rapidly in the 1950s and 1960s, and in 1965 it acquired Auto Union, which subsequently produced the first post-war Audi models.
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