Volkswagen
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Volkswagen (German: [ˈfɔlksˌvaːɡn̩] (About this soundlisten); English: /ˈvoʊksvɑːɡən, ˈvɒlkswɑːɡən, -wæɡən, ˈfɒlksvɑːɡən/), shortened to VW (German: [faʊ̯ ˈveː] (About this soundlisten)), is a German motor vehicle manufacturer founded in 1937 by the German Labour Front, known for the iconic Beetle and headquartered in Wolfsburg. It is the flagship brand of the Volkswagen Group, the largest car maker by worldwide sales in 2016 and 2017.[2] The group’s biggest market is in China, which delivers 40% of its sales and profits.[3][4] Popular models of Volkswagen include Golf, Jetta, Passat, Atlas, and Tiguan. The German term Volk translates to “people”, thus Volkswagen translates to “people’s car”.
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https://en.m.wikipedia.org/wiki/Volkswagen
Volkswagen Group
Volkswagen AG (German: [ˈfɔlksˌvaːgn̩]), known internationally as the Volkswagen Group, is a German multinational automotive manufacturing corporation headquartered in Wolfsburg, Lower Saxony, Germany and indirectly majority owned by the Porsche and Piëch 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, 2018 and 2019, selling 10.9 million vehicles.[5] It has maintained the largest market share in Europe for over two decades.[6] It ranked seventh in the 2018 Fortune Global 500 list of the world’s largest companies.[7] In 2021, Volkswagen Group is the first largest German automaker and the fourth-largest worldwide by production.
The Volkswagen Group sells passenger cars under the Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, Škoda and Volkswagen marques; light commercial vehicles under the Volkswagen Commercial Vehicles brand; motorcycles under the Ducati brand; and heavy commercial vehicles via the marques of listed subsidiary Traton: MAN, Scania, and Volkswagen Caminhões e Ônibus. It is divided into two primary divisions—the Automotive Division and the Financial Services Division—and as of 2008 had approximately 342 subsidiary companies.[8] 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. Volkswagen launched a new generation of front-wheel drive vehicles in the 1970s, including the Passat, Polo and Golf; the last became its bestseller. Volkswagen acquired a controlling stake in SEAT in 1986, making it the first non-German marque of the company, and acquired control of Škoda in 1994, of Bentley, Lamborghini and Bugatti in 1998, Scania in 2008 and of Ducati, MAN and Porsche in 2012. The company’s operations in China have grown rapidly in the past decade with the country becoming its largest market.
Volkswagen Aktiengesellschaft is a public company and has a primary listing on the Frankfurt Stock Exchange, where it is a constituent of the Euro Stoxx 50 stock market index, and secondary listings on the Luxembourg Stock Exchange and SIX Swiss Exchange. It has been traded in the United States via American depositary receipts since 1988, currently on the OTC Marketplace. Volkswagen delisted from the London Stock Exchange in 2013.[9][10] The government of Lower Saxony holds 12.7% of the company’s shares, granting it, by law, 20% of the voting rights.[11]
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