Volkswagen which company

Volkswagen Financial Services comprises dealer and customer financing, leasing, banking and insurance activities, and fleet management. To achieve that, the Group will be transforming its automotive core business, and will among other things be launching a further plus fully electric cars by , as well as expanding battery technology and autonomous driving as new core competences.

Individual luxury, handcrafted perfection and powerful performance — the Bentley experience, every time. The Ducati name stands for motorcycles in a class of their own, with optimal performance, state-of-the-art technology and exciting design. Customers and employees the world over can identify with Volkswagen Aktiengesellschaft through its history. The Corporate Archives in Wolfsburg provide the tools for this journey of discovery.

Volkswagen is of the firm belief that sustainable economic success can only be achieved by adhering to regulations and standards. We stand for reputable and honest conduct in the course of everyday business which complies with the relevant rules and regulations.

If you would like to share contents in social networks, you can activate the corresponding functions here. By activating, you give your consent to the transmission of data to the operators of the social networks. Upon activation, an initial transmission of data to third parties immediately occurs. In , August Horch founded a car company in Germany. Ten years later, Horch started a new automobile company named Audiwerke AG, Zwickau, marking the origination of the modern company's name.

The Porsche brand of sports cars was born in when the first vehicle carrying the Porsche name was constructed. Co-founder Ferdinand Porsche, who had previously established an independent design and engineering firm, originally was responsible for the design of the Volkswagen Beetle. Porsche has become a premium sports car brand, designing classic models such as the , Turbo, and Carrera GT. The acquisition has enriched Volkswagen's portfolio with one of the world's legendary sports car brands.

Ten years later, the factory began producing a new form of transport called the car. Following Czechoslovakia's Sovietization after WWII, the company was brought under state control and produced cheap cars.

Scania, one of the first companies in the world to begin manufacturing commercial vehicles, was founded in Sweden in Volkswagen acquired its initial stake in Scania in and gradually increased its ownership with subsequent share purchases. Volkswagen went on a sports car company buying spree in , first scooping up Lamborghini. The below chart illustrates how Volkswagen reports the diversity of its management and workforce. This shows if Volkswagen discloses data about the diversity of its board of directors, C-Suite, general management, and employees overall, across a variety of markers.

Associated Press. Encyclopaedia Britannica. Volkswagen Group. BBC News. Google Books. Accessed Jun. As Volkswagen begins an aggressive move from combustion to electric vehicles, be on the lookout, as your favorite car brand may soon come with a plug instead of a gas tank.

The Volkswagen Group is comprised of 51 subsidiaries, with production plants, employing more than , employees in countries. With its collection of brands and subsidiaries, Volkswagen has placed itself as the top-selling automaker and one of the largest employers in the world. It is awe-inspiring how many world-famous brands like Audi, Lamborghini, Porsche, Bentley, and Ducati are connected to Volkswagen, one of the largest companies in the world.

The Annual General Meeting of Volkswagen Aktiengesellschaft took place today online for the second time due to the Covid pandemic. The shareholders voted by a majority of As in fiscal years and , approximately 2. The resolution on the formal approval of the actions of the members of the Board of Management and the Supervisory Board who held office in was passed.

The Volkswagen Group considers itself well equipped for a zero-emission and autonomous future of mobility. Individual mobility has a bright future. With our strong brands and global technology platforms, we have a clear plan to play a leading role in the new world of mobility, too. Volkswagen Group more than doubles deliveries of all-electric vehicles in first half year. The Volkswagen Group has continued its successful electric offensive in the first half of In the course of the year, the BEV ramp-up will further accelerate thanks to the expanded model range.

This vehicle category benefits from considerable customer demand, too. Volkswagen presented its plan for transforming the Group into a software-driven mobility company with a strong focus on its powerful brands and global technology platforms, providing synergies and scale as well as opening up new profit pools. That means for us: Technology, speed and scale will matter more than today. The future of cars will be bright! Start of goTOzero weeks — Volkswagen Group invites employees around the world to environmental events.

The Group-wide campaign is designed to share information and promote cross-brand networking among the Volkswagen Group employees. Herbert Diess. Herbert Diess will stay at the helm of the Volkswagen Group until October This means that Dr. Diess will remain the Chairman of the Board of Management until his 67th birthday. The Supervisory Board was also informed of Strategy on Friday, and sees this strategy as the basis for future growth.

The deliveries to customers of the Volkswagen Group continued to recover strongly in the first half of the current year, leading to a very strong Group turnover as well as a very high operating profit. Also the reported Automotive net cash position showed a very positive development. The bottleneck in semiconductors has shifted and will rather impact us in H2. A newly created project unit will serve as the interface to all relevant divisions and regions and establish a holistic user experience management system.

Customer requirements and feedback will become the focal point for developing vehicles and services throughout the life cycle. The goal is to create a best-in-class customer experience at every point of contact with the Volkswagen brand.

Markus Kleimann, formerly responsible for the G3 series mid- and full-size , will head the new unit. This makes Volkswagen the first and only high-volume manufacturer to make this innovative technology available to its customers on a broad basis. The first model to benefit is the ID. The update includes adjustments and improvements to operations, performance and comfort.

Updates for all ID. In the future, Volkswagen will update the software in its ID. Volkswagen plans to use new 3D printing process in vehicle production in the years ahead. Volkswagen is pressing ahead with the use of innovative 3D printers in car production. Whereas conventional 3D printing uses a laser to build a component layer by layer from metallic powder, the binder jetting process uses an adhesive.

The resulting metallic component is then heated and shaped. Using the binder jetting component reduces costs and increases productivity — for example, the components weigh only half as much as those made from sheet steel.

Volkswagen is currently the only car maker using this 3D printing technology in the production process. Astypalea is on course to become a smart, sustainable island. The first public and private charging points were also inaugurated. The event marked the launch of the transition to full electrification on Astypalea. In the coming years, the island wants to switch to smart sustainable mobility and completely modernizing its energy system. Volkswagen and the Greek government signed a memorandum of understanding to this effect last November.

Volkswagen intends to durably improve its good position in Germany in a strong competitive environment with a three-year boost program.

Up to the end of , the company will be investing a triple-digit million-euro figure in the expansion of digital and showroom sales in the German market.

This also includes an excellent customer experience during the purchasing, leasing or servicing of a Volkswagen. We want to set standards in this area. The Advisory Board is seen as the predecessor of the Supervisory Board, which superseded the Advisory Board in August in accordance with the provisions of the Company Constitution Act adopted in As early as next year, up to students will be trained to be software developers at the Markthalle in Wolfsburg.

Volkswagen has got off to a successful start in despite the global shortage of semiconductors and restrictions due to the coronavirus pandemic. Sales revenue in the first quarter grew by 5. Following the pandemic-related drop to EUR million in the previous year, operating profit increased sharply to EUR million and was thus almost at the level of the pre-crisis year The operating return on sales likewise rose sharply to 4.

The positive business development of the Volkswagen Group in the second half of continued in the first quarter of this year. This resulted in strong financial performance with significant improvements over the weaker prior-year period that was impacted by the pandemic. Some key figures even came in above pre-crisis levels from the first quarter of Successful management of the Covid pandemic and semiconductor shortages, along with recovery in the markets, were key to this positive development.

As a result, sales revenue increased by Operating profit soared compared to the prior-year level to 4. The higher earnings were mainly due to increased unit sales, improvements in the product mix, positive effects from the valuation of raw material hedges and initial success from the fixed cost reduction program. The Automotive Division underscored the robustness of its business model with a high adjusted net cash flow of EUR 5. The Volkswagen Group raised the outlook for its operating margin for full year to 5.

It was previously 5. Press shop expansion: Volkswagen reduces the number of truck journeys to Zwickau e-location by 9, Volkswagen officially inaugurated the press shop expansion in its electric car plant in Zwickau.

As of now, the complete outer skin for the six electric models produced in Zwickau will be pressed on site. The effect is remarkable: more than 9, fewer direct truck journeys each year from now on for body manufacturing and thus annual savings of 5, tonnes of CO 2. This will create 60 new jobs in the factory. Volkswagen Board discusses decarbonization plan with independent Sustainability Council. During the discussion, both sides agreed on a more thorough ESG Environmental Social Governance reporting system, and to commission an additional study on socially responsible workforce transition.

The firm commitment of Volkswagen to the EU Green Deal also includes the demand for more green energy, faster exit from fossil energy production, rapid expansion of charging infrastructure, and new rules for state aid to strengthen the transformation and decarbonization of industry and production sites. The nine-member Sustainability Council has been advising Volkswagen on strategic issues relating to sustainability and social responsibility since At the first Way to Zero Convention, Volkswagen today gave details of its plans for decarbonizing the company and its products.

The company intends to be net carbon neutral by at the latest. A new interim milestone is the targeted percent reduction in CO 2 emissions per vehicle in Europe by — substantially outperforming the Group target of 30 percent baseline: As a result, an average Volkswagen would emit around 17 tons less carbon dioxide.

As well as accelerating the transition to e-mobility, the production including supply chain and operation of electric cars is to be made net carbon neutral. Added to this is the systematic recycling of the high-voltage batteries from old electric vehicles.

Due for completion mid, the plant is set for start of production in the second half of By , Volkswagen Group China plans to deliver up to 1. The union, which currently consists of 25 partners from the fields of business and science, is pursuing the goal of creating uniform standards for the flow of data and information in the automotive value chain. This should serve as the basis for a digital ecosystem in which automobile manufacturers and suppliers, dealer associations as well as technology suppliers can take part.

Volkswagen expects the cross-company, secure and antitrust law compliant data exchange to result in new opportunities for increased efficiency and transparency for production and supply chains.

Volkswagen continues to diversify its portfolio in the Chinese market. Six highlight cars — including three world premieres — will be presented at Auto Shanghai April 21—28, E-offensive in China continues to gain momentum: World premiere of the ID. The Volkswagen brand is driving its electrification offensive in China at full speed.

The third model in the ID. The multi-variable all-round model has room for up to seven people. The ID. Powerful battery systems from Braunschweig: Volkswagen Group Components fires up the next production stage. The Volkswagen Group Components plant in Braunschweig is significantly expanding its production of battery systems for the latest electric vehicle generation. Following the first expansion stage with a maximum capacity of , battery systems, the second expansion stage has started up with the same capacity.

In addition to that, up to , battery systems for the beloved models e-up! Today, the first customers in Germany collected their fully electric Volkswagen ID.

The cars were handed over simultaneously in the delivery centers at the Transparent Factory in Dresden and the Autostadt in Wolfsburg. Thousands of other customers are due to follow, with the company planning to deliver around , ID. By the end of February, 23, orders had already been received for this model across Europe — despite the fact that many car dealers were closed and ahead of the actual market launch in Germany.

In this function, he succeeds Michael Jost, who is leaving the Volkswagen Group to devote time to his own projects. Volkswagen again invested heavily in future technologies in , spending a total of EUR 2. The first milestones will be achieved this year.