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This article is about Volkswagen Group (Volkswagen AG). For the Volkswagen brand of cars, see Volkswagen. For specific detailed information on Volkswagen vans, trucks and buses, see Volkswagen Commercial Vehicles. Volkswagen Commercial Vehicles ( VWCV) or Volkswagen Nutzfahrzeuge ( VWN
Volkswagen Group
Volkswagen Aktiengesellschaft
Type Public company
(FWB: VOW, TYO: 7659)
Founded Germany, (1937)
Headquarters Wolfsburg, Germany
Area served Worldwide
Key people Ferdinand Piëch (Chairman of the Supervisory Board)
Prof. Dr. Martin Winterkorn (Chairman of the Board of Management)
Industry Automotive industry
Products Cars and trucks
Services Financial services
Revenue ▲ €108. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The Frankfurt Stock Exchange ( FWB Frankfurter Wertpapierbörse) is a Stock exchange located in Frankfurt, Germany. The, or TSE, located in Tokyo, Japan, is the second largest Stock exchange market in the world by market value second only to the New York Stock Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe. Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe. Ferdinand Karl Piëch ( 17 April 1937) is an Austrian Automobile engineer and manager Professor Dr Martin Winterkorn (born 24 May 1947 in Leonberg, Germany) is the Chairman of the Volkswagen Group (Volkswagen For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" The automotive industry is the industry involved in the design development manufacture marketing and sale of Motor vehicles In 2007 more than 73 million motor vehicles In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need The automotive industry is the industry involved in the design development manufacture marketing and sale of Motor vehicles In 2007 more than 73 million motor vehicles A service is the non-material equivalent of a good. A service provision is an economic activity that does not result in Ownership, and this is what differentiates Financial services refer to services provided by the finance industry. In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services Please update other articles as well to avoid contradiction within Wikipedia e 9 Billion (2007)[1]
Operating income ▲ €6. In financial and business Accounting, earnings before interest and taxes (EBIT is a measure of a firm's profitability that excludes interest and income tax expenses Please update other articles as well to avoid contradiction within Wikipedia e 54 Billion (2007)[1]
Profit ▲ €4. Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. Please update other articles as well to avoid contradiction within Wikipedia e 12 Billion (2007)[1]
Employees 329,305 (2007)
Divisions Volkswagen Group Fleet International,
Volkswagen Group Supply,
Volkswagen Leasing GmbH,
Volkswagen Group United Kingdom Ltd. Employment is a Contract between two parties, one being the employer and the other being the employee. A division of a business entity is a portion of that business that operates under a different name ,
Volkswagen Group of America, Inc.,
Volkswagen Group China,
Volkswagen do Brasil,
Volkswagen Group Italia S. Volkswagen Group of America Inc (sometimes referred to as Volkswagen of America, abbreviated to VWoA) is the United States operational headquarters Volkswagen Group China ( VGC) is the German Automotive industry Volkswagen do Brasil Ltda is a subsidiary arm of Volkswagen Group, established in 1953. P. A. ,
Volkswagen Group Australia
Subsidiaries [2][3]vehicle brands:
Audi AG,
Bentley Motors Ltd,
Bugatti Automobiles SAS,
Lamborghini S.p.A.,
SEAT, S.A.,
Škoda Auto,
Volkswagen cars,
Volkswagen Commercial Vehicles,
MAN AG,
Scania AB
marine:
Volkswagen Marine
Website VolkswagenAG.com

Volkswagen Group, or Volkswagen Aktiengesellschaft, (listed as Volkswagen AG) is a German automobile manufacturing group, currently the fourth largest automobile maker in the world, and the largest in Europe. A subsidiary, in business matters is an entity that is controlled by a bigger and more powerful entity AUDI AG, ( Xetra: NSU commonly known as Audi (aˈʊdi is a German Automobile manufacturer which produces Audi branded cars with headquarters Bentley Motors Limited is an English manufacturer of luxury Automobiles and Grand Tourers Bentley Motors was founded in England Bugatti Automobiles SAS is a French Automobile manufacturer located in the French town of Molsheim, Alsace, France. Automobili Lamborghini SpA, commonly referred to as Lamborghini, is an Italian manufacturer of Sports cars based in the small Italian Village SEAT SA ( English pronunciation:, "say-at" Spanish pronunciation:) is a Spanish automobile Škoda Auto ( is an automobile manufacturer in the Czech Republic. Volkswagen Commercial Vehicles ( VWCV) or Volkswagen Nutzfahrzeuge ( VWN MAN AG is a German engineering Company based in Munich. MAN is one of Europe's leading manufacturers of engineering equipment Scania AB is a European Manufacturer of heavy Trucks ( British English: lorries) Buses and Diesel engines A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe. The automotive industry is the industry involved in the design development manufacture marketing and sale of Motor vehicles In 2007 more than 73 million motor vehicles The automotive industry is the industry involved in the design development manufacture marketing and sale of Motor vehicles In 2007 more than 73 million motor vehicles

Although it operates worldwide, Volkswagen Group's core market is continental Europe. Sao Paulo Stock Exchangejpg|thumb| Virtual market arena where buyer and seller are not present and trade via intemediates and electronical information A continent is one of several large Landmasses on Earth. They are generally identified by Convention rather than any strict criteria with seven regions Of its car brands, Volkswagen Passenger Cars is its mainstream marque, and the Group's major subsidiaries also include well-known car marques like Audi, SEAT, Škoda, Lamborghini, Bentley, and Bugatti. A brand is a collection of Images and ideas representing an economic producer more specifically it refers to the descriptive verbal attributes and concrete symbols such as a A marque ( French for "brand" ˈmɑrk is a Brand name especially in the Automobile industry A subsidiary, in business matters is an entity that is controlled by a bigger and more powerful entity AUDI AG, ( Xetra: NSU commonly known as Audi (aˈʊdi is a German Automobile manufacturer which produces Audi branded cars with headquarters SEAT SA ( English pronunciation:, "say-at" Spanish pronunciation:) is a Spanish automobile Škoda Auto ( is an automobile manufacturer in the Czech Republic. Automobili Lamborghini SpA, commonly referred to as Lamborghini, is an Italian manufacturer of Sports cars based in the small Italian Village Bentley Motors Limited is an English manufacturer of luxury Automobiles and Grand Tourers Bentley Motors was founded in England Bugatti Automobiles SAS is a French Automobile manufacturer located in the French town of Molsheim, Alsace, France. The Group also has operations in commercial vehicles, owning Volkswagen Commercial Vehicles, along with controlling stakes in Scania AB. A commercial vehicle is a type of Vehicle that is used for carrying goods or passengers Volkswagen Commercial Vehicles ( VWCV) or Volkswagen Nutzfahrzeuge ( VWN Scania AB is a European Manufacturer of heavy Trucks ( British English: lorries) Buses and Diesel engines Ongoing activities will see Volkswagen Group achieving a controlling stake in MAN AG by the end of 2008. MAN AG is a German engineering Company based in Munich. MAN is one of Europe's leading manufacturers of engineering equipment

Volkswagen's second-largest market is China where its subsidiary, Volkswagen Group China is by far the second largest joint venture automaker. China ( Wade-Giles ( Mandarin) Chung¹kuo² is a cultural region, an ancient Civilization, and depending on perspective a National Volkswagen Group China ( VGC) is the German Automotive industry A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together

The Volkswagen Golf is the third bestselling car in the world, selling over 25 million cars through 2006. The Volkswagen Golf or VW Golf ( Mk1 and Mk5 badged as Volkswagen Rabbit in the United States and Canada, Mk1 badged as Volkswagen In 2007 the Volkswagen Group sold 6. 19 million automobiles, claiming over 10% of the world passenger car market. In late 2007, the company openly reported that they plan to double sales, overtake Toyota and become the world's largest automaker by 2018. (pronounced) is a Multinational corporation headquartered in Japan, and is currently the world's largest Automaker. [4]

Contents

History

Volkswagen was founded in 1937 as a public concern by the then Nazi government to sell the Volkswagen Beetle. Nazism, which was a short name for National Socialism (Nationalsozialismus refers primarily to the Ideology and practices of the National Socialist German The Volkswagen Beetle, officially known as the type 1 and originally called ‘Käfer’ is an Economy car produced by the German auto maker Volkswagen After the Second World War in 1945, Ivan Hirst of the British Army (REME) took control of the bomb-shattered factory, and tried to dismantle it and ship it home. World War II, or the Second World War, (often abbreviated WWII) was a global military conflict which involved a majority of the world's nations, including Major Ivan Hirst ( March 4, 1916 - March 15, 2000) was a British Army officer who was instrumental in reviving Volkswagen The British Army is the land armed forces branch of the British Armed Forces. The Corps of Royal Electrical and Mechanical Engineers ( REME; pronounced phonetically as "Reemee" is a Corps of the British Army that has However, no British car manufacturer was interested; "the vehicle does not meet the fundamental technical requirement of a motor-car . . . it is quite unattractive to the average buyer . . . To build the car commercially would be a completely uneconomic enterprise. "[5] As part of the Industrial plans for Germany large parts of German industry, including Volkswagen, was to be dismantled. The Level of Industry plans for Germany were the effected Allied plans to lower and control German industrial potential after World War II. Total German car production was set at a maximum of 10% of the 1936 car production numbers. [6] The company survived by producing cars for the British Army, and in 1948, the British Government handed the company back over to the German state, where it was managed by ex-Opel chief Heinrich Nordhoff. The British Army is the land armed forces branch of the British Armed Forces. Her Majesty's Government, or when the monarch is male His Majesty's Government, is the title used by the Government of the United Kingdom, based at Adam Opel GmbH (commonly known as Opel) is a German automaker part of General Motors. Heinz Heinrich Nordhoff ( 6 January 1899 &ndash 12 April 1968) was a German Engineer famous for his leadership of

Volkswagen's Golf is the third bestselling car in the world, selling over 25 million through 2006
Volkswagen's Golf is the third bestselling car in the world, selling over 25 million through 2006

In 1960, upon the floatation of part of the German federal government's stake in the company on the German stock market, its name became Volkswagenwerk Aktiengesellschaft (Aktiengesellschaft, abbreviated AG, being equivalent to the English Corp[oration] or American Inc[orporated]). Aktiengesellschaft ('aktsiəngəzεlʃaft abbreviated AG) is a German term that refers to a Corporation that is limited by shares i The name was changed to Volkswagen AG on 4 July 1985, to reflect the company's increasing global diversification from its headquarters and main plant, the Volkswagenwerk in Wolfsburg, Germany. Events 836 - Pactum Sicardi, peace between the Principality of Benevento and the Duchy of Naples Year 1985 ( MCMLXXXV) was a Common year starting on Tuesday (link displays 1985 Gregorian calendar) Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe.

Porsche ownership

In October 2005, Porsche acquired an 18. Porsche SE or Porsche ( German, ˈpɔɹʃə is a German manufacturer of automobiles which is majority-owned by the Porsche and Piëch 53% stake in the business, and in July 2006, Porsche increased that ownership to more than 25%. A business (also called firm or an enterprise) is a legally recognized organizational entity designed to provide goods and/or services to Analysts disagreed as to whether the investment was a good fit for Porsche's strategy. [7]

On 26 March 2007, Porsche took its holding to 30. Events 1026 - Pope John XIX crowns Conrad II as Holy Roman Emperor. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. 9%, triggering a takeover bid under German law. Porsche formally announced in a press statement that it did not intend to take over Volkswagen, setting its offer price at the lowest possible legal value, but intended the move to avoid a competitor taking a large stake, or to stop hedge funds dismantling VW, which is Porsche's most important partner. [8] Porsche's move came after the European Union moved against a German law that protected VW from takeovers. The European Union ( EU) is a political and economic union of twenty-seven member states, located primarily in Under the so-called "Volkswagen Law", any shareholder in VW cannot exercise more than 20% of the firm's voting rights, regardless of their level of stock holding. [9]

In September 2007, reports surfaced that Porsche is looking to further increase its share of VW, as EU courts are further challenging the Volkswagen Law. [10] On 3 March 2008, Porsche announced that it has decided to increase its VW stake up to 51 per cent. Events 1284 - Statute of Rhuddlan incorporated the Principality of Wales into England 1575 - Indian This was announced just hours after VW declared it would take the majority stake in the Swedish truckmaker Scania. Scania AB is a European Manufacturer of heavy Trucks ( British English: lorries) Buses and Diesel engines [11]

Leadership

Corporate structure, brands and companies

World locations of Volkswagen Group activities
World locations of Volkswagen Group activities

Volkswagen Group owns nine active automotive companies and their relevent marques:

Note: From July 1998 until December 2002, Volkswagen's Bentley division also sold cars under the Rolls-Royce name, under an agreement with BMW, which had bought the rights to that name, but not the operations. International holidays March 2 - Mothering Sunday (Britain March 7 - Nyepi (Indonesia From 2003, only BMW has been able to make cars under the Rolls-Royce brand.

The Group also owns five inactive marques, via Audi AG:

These heritage marques are retained and managed through the companies "Auto Union GmbH" and "NSU GmbH", both of which are 100% Audi owned. Auto Union was an amalgamation of four German Automobile manufacturers established in 1932 in Zwickau, Saxony, during the Great Depression Dampf Kraft Wagen (steam-driven car or DKW is a historic car and Motorcycle Marque. Horch was the popular name for high-performance luxury motor cars manufactured in Germany by the company August Horch & Cie, at the beginning of the 20th century NSU Motorenwerke AG, (normally just NSU) was a German manufacturer of cars and Motorcycles which was founded in 1873 Wanderer was a German manufacturer of Bicycles, Motorcycles, Automobiles, vans and other Machinery Established

Commercial vehicle interests

Volkswagen Group (Volkswagen AG) is the controlling shareholder in the Swedish commercial vehicle maker Scania AB, with a capital stake of 37. "Sverige" redirects here For other uses see Sweden (disambiguation and Sverige (disambiguation. A commercial vehicle is a type of Vehicle that is used for carrying goods or passengers Scania AB is a European Manufacturer of heavy Trucks ( British English: lorries) Buses and Diesel engines 73%, and 68. 60% of the voting rights. Volkswagen AG originally acquired a stake in Scania after Volvo's aborted takeover attempt in 2000, and then increased that to a capital stake of 16. This article is about Volvo Group - AB Volvo Volvo Cars is the passenger vehicle maker owned by Ford Motor Company, using the Volvo Trademark 5% and a voting stake of 33. 4% in 2007. On 3 March 2008, Volkswagen announced that it would acquire all the shares in Scania AB held by Investor AB and the Wallenberg Foundation. Events 1284 - Statute of Rhuddlan incorporated the Principality of Wales into England 1575 - Indian 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Investor AB is a Swedish Investment company founded in 1916 and still controlled by the Wallenberg family The Knut and Alice Wallenberg Foundation, ( Knut och Alice Wallenbergs Stiftelse) was founded in 1917 by the chairman of the Stockholms Enskilda Bank, Once cleared by the relevant authorities, Scania will become the ninth brand in the Volkswagen Group.

On 4 October 2006, Volkswagen acquired a 15. Events 610 - Heraclius arrives by ship from Africa at Constantinople, overthrows Byzantine Emperor Phocas Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. 1% stake in German commercial vehicle maker MAN AG, and later increased to 29. Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe. MAN AG is a German engineering Company based in Munich. MAN is one of Europe's leading manufacturers of engineering equipment 9%. In 2007, MAN AG launched a hostile offer to acquire Scania AB, but this was subsequently withdrawn.

Former Volkswagen Group CEO Bernd Pischetsrieder, and his successor Prof. Dr. Martin Winterkorn, have considered a three-way merger between MAN AG, Scania AB, Volkswagen AG's own Brazilian heavy truck division, and possibly their light truck and van division as well. Bernd Pischetsrieder (born 15 February 1948) is a German Automobile engineer and manager Professor Dr Martin Winterkorn (born 24 May 1947 in Leonberg, Germany) is the Chairman of the Volkswagen Group (Volkswagen |utc_offset = -2 to -4 |time_zone_DST = BRST |utc_offset_DST = -2 to -5 |cctld Due to the size of Volkswagen AG's stakes in MAN and Scania, it is expected that Volkswagen AG would own a majority stake in such a merged entity.

Ownership

The share ownership of Volkswagen AG is distributed as follows:

In percent of voting rights:

In percent of subscribed capital:

Notes

  1. ^ a b c Volkswagen Group - Investor Relations - Annual Report 2007 (PDF).
  2. ^ Volkswagen AG - Other Companies
  3. ^ Volkswagen AG - List of Holdings (as of 31 Dec 2007) (pdf)
  4. ^ Feisty VW wants to surpass Toyota. Autoweek.
  5. ^ The Guardian - Obituaries - Ivan Hirst
  6. ^ Harry S. Truman - Library & Museum - Draft, The President's Economic Mission to Germany and Austria, Report 3, March, 1947; OF 950B: Economic Mission as to Food…; Truman Papers.
  7. ^ Porsche cites need for changes at VW. IHT.
  8. ^ Porsche triggers a VW takeover bid. BBC.
  9. ^ Top EU court finds against VW law. BBC.
  10. ^ Porsche May 'Significantly' Boost Volkswagen Stake. Bloomberg.
  11. ^ Porsche to head €150bn empire. Financial Times.
  12. ^ Bugatti - A Legendary Brand Is Reborn
  13. ^ Volkswagen AG - Volkswagen acquires entire Investor and Wallenberg Foundations stake in Scania

See also

External links


The automotive industry is the industry involved in the design development manufacture marketing and sale of Motor vehicles In 2007 more than 73 million motor vehicles This list of German cars tries to show every German car ever made by manufacturer Volkswagen Group China ( VGC) is the German Automotive industry Volkswagen Group of America Inc (sometimes referred to as Volkswagen of America, abbreviated to VWoA) is the United States operational headquarters Volkswagen do Brasil Ltda is a subsidiary arm of Volkswagen Group, established in 1953.
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